Leading Philippine online gaming operator DigiPlus Interactive Corp says it is “closely monitoring” developments in Brazil after the country’s President, Luiz Inácio Lula da Silva, announced he would ban all sports betting and online casino games nationwide.
The ban, implemented ahead of next month’s election, took effect immediately upon the provisional measure being published on 25 September, although the regulated market will close in stages with platforms to remain accessible until 11:59pm on 5 October so customers can withdraw deposited funds.
DigiPlus, one of dozens of companies to have invested heavily into Brazil in recent years after being granted a license in late 2024, said in a Monday statement that it is “closely monitoring recent regulatory developments in Brazil and is taking all necessary steps to comply with the government’s directive.”
It added, “The situation remains fluid and is not final, as the relevant legislative and legal processes continue to develop. Our immediate priority is to ensure an orderly response, including the timely processing of customer withdrawals and the return of customer funds within the prescribed period.
“Based on our assessment, these developments are not expected to have a material impact on DigiPlus’ overall financial or operating position.
“We will continue to monitor the relevant legislative and legal processes and provide further updates as appropriate.”
Among the many other operators to issue responses since the announcement, UK gambling giant Flutter Entertainment – operator of the FanDuel, PokerStars, Sportsbet and Paddy Power brands – said it has now ceased operating sports betting and iGaming in Brazil.
“Flutter is extremely disappointed by this development and is reviewing all available options, including the potential to appeal,” it fired.
“Flutter continues to engage constructively with the Brazilian authorities on sensible, effective regulation to protect customers from the risks of the unregulated market.
“The executive order is expected to require Congressional approval or amendment within 120 days to remain in effect. Should Congress reject this measure, we would expect our online sports betting and iGaming activity to recommence.
If Flutter Brazil is unable to operate for the remainder of the year, it is expected to result in a reduction to 2026 revenue of approximately US$70 million and a reduction in adjusted EBITDA of approximately US$20 million.
“At this stage, Flutter is assessing the associated non-cash accounting implications of the announced measures and will provide additional disclosures in due course.”
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