By The Weekly Edge desk ·
GGRAsia reported that Maybank attributed DigiPlus’s weaker-than-expected second-quarter earnings to lower gaming revenue than anticipated. Core net income reached PHP2.35bn, increasing 8% from the previous quarter.
The assessment links DigiPlus’s earnings shortfall to weaker-than-expected gaming revenue.
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Teneo will advise DigiPlus on overseas opportunities and risks as it considers New Zealand entry.
DigiPlus’s appointment of Teneo gives investors a concrete step supporting the company’s global growth ambitions.
DigiPlus appointed Teneo as strategic adviser while considering further overseas expansion and holding South African and Brazilian licences.
DigiPlus expects no material group impact from Brazil's prohibition despite resuming Brazilian operations less than three months earlier.
DigiPlus is monitoring Brazilian developments linked by the report to a presidential online gambling ban.
The agreement gives the licensed operator a 3% revenue share, while its technology partner receives 97%, subject to deductions.