DigiPlus has decided not to participate in the final rounds of New Zealand's auction for the right to apply for an online gaming licence.
The Philippines-based company disclosed that the decision followed additional market analysis and an assessment of market valuations.
DigiPlus had previously announced on August 4 that it had filed an expression of interest to pursue a licence, positioning New Zealand as a potential addition to its international operations.
However, the operator said its decision to withdraw from the final auction rounds would have no impact on its existing businesses and does not represent a change in its wider international expansion strategy.
The update comes as DigiPlus continues to develop its overseas growth plans. In August, it appointed global CEO advisory firm Teneo as a strategic adviser to support its international expansion.
The engagement is intended to help DigiPlus evaluate opportunities and risks as it enters new markets, while supporting longer-term strategic decision-making.
DigiPlus has been seeking to expand beyond its Philippines-focused gaming operations and develop a broader digital entertainment business, with investments covering proprietary content, personalisation and its technology platform.
The company has also pursued expansion in other international markets as part of that strategy.
Its latest decision means DigiPlus will no longer advance through New Zealand's current online casino licensing process after previously indicating plans to participate in the country's newly regulated market.
New Zealand is introducing a regulated online casino framework, with successful auction participants receiving the right to proceed to the licence application stage.
DigiPlus said its withdrawal from the auction does not alter its international ambitions, leaving the company to pursue other potential markets and opportunities as part of its expansion strategy.
DigiPlus initially filed its expression of interest for a New Zealand licence in August
