Asia
Galaxy Racer Appoints Upmanyu Misra As Managing Partner

Galaxy Racer (GXR), the world’s largest esports, gaming and lifestyle organization are excited to announce the appointment of Upmanyu Misra as Managing Partner at Galaxy Racer. In his new role, his key responsibilities will be leading investments, M&A and financial strategy for the organization.
Upmanyu is a highly reputed Venture Capitalist & Private Equity professional and has over 15 years experience, including his previous roles at Citi and JP Morgan. He has multi-sector experience with a special focus on AR/VR (Gaming, Mobile Applications, Consumer Devices), Autonomous Vehicles, FinTech and Blockchain Applications.
Previously, he was an AI programmer for a PC-based Real Time Strategy game that achieved a worldwide revenue of over USD 1 billion. He holds an MBA from INSEAD and MS (Cum laude) in Computer Science from Lehigh University.
Galaxy Racer has over 100 content creators globally across Middle East North Africa (MENA), North America, Southeast Asia (SEA), Europe and South Asia, amassing over 500 million followers and generating over 2.5 billion monthly views.
Galaxy Racer consists of multiple business arms including content IP and esports events production, dedicated content creators, esports teams, limited-edition merchandise and a music records label.
Galaxy Racer is exploring its expansion into Blockchain Gaming and Web3’s ecosystem and will be making major acquisitions throughout 2022 and 2023.
Esports is projected to generate US$1.38 billion in global revenue this year according to market intelligence firm Newzoo in its 2022 Global Esports & Live Streaming Market Report. The figure represents an increase of 22% year-over-year when compared to 2021.
Paul Roy, Group CEO of Galaxy Racer said: “We are thrilled to have Upmanyu onboard as our Managing Partner. His immense wealth of experience as a VC and coupled with his keen interest in esports and gaming will play a pivotal role as we continue our aggressive growth globally. We look forward to welcoming him onboard and further elevating Galaxy Racer to greater heights. Welcome to our galaxy!”
Upmanyu Misra, Managing Partner of Galaxy Racer said: “Esports and Blockchain are at the forefront of new age technology and will truly shape our next generation in unprecedented ways. Organizations worldwide need to change focus from targeting the user’s wallet to the user’s time. Paul’s vision to achieve that is absolutely astounding. Excited to come onboard and propel Galaxy Racer to the next level.”
Galaxy Racer recently hosted in Dubai, MENA’s largest esports tournament, GAMERS GALAXY: Dota 2 Invitational Series Dubai 2022, with the top international Dota 2 teams competing for AED1,000,000 in prize pool. It garnered over 2 million concurrent viewers and 38.5 million total hours watched across all platforms, with over 27 billion total media coverage viewership globally.
Galaxy Racer’s content creator smashed two Guinness World Records with the ‘Longest live stream (video) – 268 hours, 14 minutes, and 20 seconds’ and ‘Most viewers for a charity donation live stream on YouTube – 698,000 viewers’, while raising US$11 million for charity in collaboration with the UNHCR (United Nations High Commissioner for Refugees) and The Mohammed Bin Rashid Al Maktoum Global Initiatives.
Galaxy Racer is headquartered in Dubai and has recently expanded its offices in Los Angeles and key markets in Southeast Asia, including Philippines, Thailand, Indonesia and Malaysia.
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Asia
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.
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.
ArenaPlus
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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