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Six Formula 1 drivers to race in China Virtual Grand Prix

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Following the success of the second installment of the F1 Esports Virtual Grand Prix, six Formula 1 drivers will battle it out at the Virtual Chinese Grand Prix this Sunday, 19th April at 18:00 BST. After winning the last race on his debut, Charles Leclerc will be out for victory once again, as he takes on his fellow Formula 1 competitors, George Russell, Antonio Giovinazzi, Lando Norris, Alex Albon and Nicholas Latifi on Sunday’s starting grid.

Alongside a star-studded grid of Formula 1 drivers, Real Madrid and Belgium international goalkeeper Thibaut Courtois makes his Virtual Grand Prix debut for Red Bull, with a host of other exciting names set to be announced over the coming days.

This weekend’s virtual Grand Prix is the third race in the new F1 Esports Virtual Grand Prix series, which gives fans the chance to watch Formula 1 races virtually during the ongoing COVID-19 situation.

This weekend’s Grand Prix will take place at the Shanghai International Circuit, China on the day when the official Formula 1 Heineken Chinese Grand Prix 2020 would have originally taken place. Drivers will join the race remotely, with a host broadcast live from the Gfinity Esports Arena from 6:00pm (BST) on Sunday April 19 – a change from previous weekends where races have started at 8:00pm.

The broadcast which will be available on the official Formula 1 YouTube, Twitch, Weibo and Facebook channels, is expected to run for 1 hour 30 minutes, with a qualifying period where grid positions will be determined based on the drivers’ fastest lap time, followed by a 28-lap race. The Virtual Grand Prix will also be broadcast live with international broadcast partners in over 100 countries including in the UK on Sky Sports and in the US on ESPN.

In addition to the Chinese Virtual Grand Prix, the F1 Esports Series China Championship will kick off its 2020 Season on Sunday with a Pre-season Event. The 2020 Season will retain much of the same structure with qualification, regional finals, and the Grand Final – but will see the introduction of a brand-new Pro League which was not part of the 2019 Season. The Pro League is a 22 race online championship following the same point scoring mechanic as the Formula One World Championship. The top ten racers from the Pro League driver standings will enter the Grand Final directly and compete with other racers from the regional finals for the chance to sign for an official F1 Esports team.

The Pre-season Event itself will include two online exhibition races. The first will be an All-Star race at Circuit de Monaco where top racers from the 2019 Season will put on a show, whilst the second will be a Pro League pre-season race at Shanghai International Circuit where the Pro League teams will get a chance to showcase their talents in front of fans.

This weekend’s F1 Esports Pro Exhibition race will precede the virtual Grand Prix – and is set to begin at 5:00pm (BST). The broadcast will be available on the official Formula 1 YouTube, Twitch and Facebook channels as well as selected TV broadcasters and is expected to run for 1 hour.

Julian Tan, Head of Digital Business Initiatives and Esports said:

“From an esports perspective, the last Virtual Grand Prix was one of our most successful events we’ve ever put on, so it’s great to be back and be able to continue building something that has proven hugely popular. It’s very important to us that we can give our fans something to look forward in these uncertain times, so to see such an impressive list of returning drivers is fantastic. We hope the racing action is just as thrilling and fun as last time out!”

View the Virtual Chinese Grand Prix promo trailer here

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PAGCOR Enforces Accreditation for All iGaming Service Providers by 2026

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The Philippine Amusement and Gaming Corporation (PAGCOR) has given gaming affiliates, developers and support service providers until early 2026 to comply with its newly implemented B2B Accreditation Framework, a regulatory system that formalises participation in the iGaming supply chain.

Companies that submit applications by December 31, 2025, will qualify for a three-year initial accreditation, while unaccredited foreign content providers face removal from licensed platforms after March 31, 2026.

The framework, which took effect on October 2, sets mandatory accreditation requirements for all third-party entities providing gaming content, systems or technical support to PAGCOR-licensed operators.

Accreditation covers several categories, including gaming affiliates, game content providers (GCPs) and support service providers (SSPs). Gaming affiliates may act as aggregators that distribute multiple game titles to operators, while GCPs are developers or studios supplying electronic game software or live-streamed content.

Accreditation is valid for two years from the date of PAGCOR Board approval, an increase from the previous one-year term.

Foreign data or content streaming providers that fail to secure accreditation by the March 2026 deadline will have their content deemed “non-compliant and unauthorized.” They may appoint a Philippine-registered company or a PAGCOR-accredited Gaming System Administrator as their exclusive distributor instead of setting up a local office.

PAGCOR has warned that licensed operators using unaccredited service providers may face sanctions.

The post PAGCOR Enforces Accreditation for All iGaming Service Providers by 2026 appeared first on European Gaming Industry News.

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Aquisitions/Mergers

Gregorio Araneta to Sell its Entire 57% Stake in PhilWeb to Nexora Holdings and Velora Holdings

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Philippine eGames provider PhilWeb’s principal shareholder Gregorio Araneta Inc (GAINC) is going to sell its entire 57% stake in PhilWeb to Nexora Holdings Inc and Velora Holdings Inc for a total consideration of Php1.8 billion (US$30.8 million), representing 829,574,354 common shares.

GAINC is owned by Gregorio “Greggy” Araneta III, a member of the powerful Araneta family and the brother-in-law of Philippines President Ferdinand Marcos Jr.

Given that the transaction would involve control of more than 35% of the outstanding voting shares of PhilWeb, the buyers will be required to conduct a mandatory tender offer to remaining shareholders to acquire full control of the company as per local laws.

PhilWeb noted that the buyers are closely linked to the company, with current PhilWeb President & Director Edgar Brian K. Ng also serving as President, Chairman & a Director of Nexora, while current PhilWeb Vice Chairman and Director Crisanto Roy B. Alcid is a Director and the Treasurer of Nexora.

The post Gregorio Araneta to Sell its Entire 57% Stake in PhilWeb to Nexora Holdings and Velora Holdings appeared first on European Gaming Industry News.

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DigiPlus Announces Partnership with Bayad

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DigiPlus Interactive Corp. (DigiPlus), the pioneer in digital entertainment in the Philippines, announced an exclusive partnership with Bayad, a trusted authority in bills payment services, to expand over-the-counter (OTC) or physical payment options for players of BingoPlus, ArenaPlus and GameZone.

The partnership was formally signed on October 8, 2025, led by top executives from both companies: Eusebio H. Tanco, Chairman of DigiPlus; Jasper Vicencio, President of AB Leisure Exponent Inc., a subsidiary of DigiPlus; Ray C. Espinosa, Chairman of Bayad; and Lawrence Y. Ferrer, President and CEO of Bayad. The agreement is effective immediately, making DigiPlus Bayad’s only gaming partner for OTC cash transactions.

Through this collaboration, DigiPlus customers gain access to Bayad’s extensive network of payment touchpoints, present across 800+ Bayad Center branches and Bayad Partners in malls, supermarkets and convenience stores nationwide.

Bayad is accredited by the Bangko Sentral ng Pilipinas (BSP) as an Electronic Money Issuer (EMI). DigiPlus partners only with BSP-accredited payment channels in accordance with the requirements of the Philippine Amusement and Gaming Corporation (PAGCOR), ensuring that all player wallet transactions are processed through secure and compliant payment platforms.

BingoPlus, ArenaPlus and GameZone players can now make cash-ins or deposits through Bayad. Additional features including cash-outs or withdrawals and access through the Bayad App will be rolled out in next phases, providing DigiPlus customers with more options to manage their funds conveniently and safely.

“At DigiPlus, our priority is to deliver engaging entertainment while ensuring safe and reliable services for our players. This partnership with Bayad provides customers with more secure and convenient ways to manage their transactions, reinforcing our commitment to player protection and dependable service at every touchpoint,” said Eusebio H. Tanco, Chairman of DigiPlus Interactive Corp.

“Today, we take another meaningful step forward through our partnership with DigiPlus. Together, we’re expanding access to digital channels and offering new, engaging, and responsible ways for Filipinos to experience convenience and entertainment made possible by accessible and inclusive financial services,” said Atty. Ray C. Espinosa, Chairman of the Board at Bayad.

The Bayad payment channels partnership adds to DigiPlus’ growing customer service network and player support, which already includes its in-house 24/7 customer support, 130+ physical BingoPlus stores nationwide and a surety bond for player wallets. These expanding service touchpoints reflect DigiPlus’ continued commitment to delivering digital entertainment with safe, reliable and accessible service for Filipinos.

The post DigiPlus Announces Partnership with Bayad appeared first on European Gaming Industry News.

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