Connect with us

Asia

IBH Partners with EMURGO and KOBEA To Build Blockchain Business and Education for Uzbekistan Government

Published

on

 

Infinity Blockchain Holdings Pte. Ltd. (IBH), the official holding company of Infinity Blockchain Group of companies, announced formal agreements with National Project Management Committee (NAPM) in Uzbekistan to build strategic blockchain-based businesses and education units in the Republic. This initiative, with a primary focus on fintech digital asset and security tokens, will be a collaborative effort together with blockchain leaders including EMURGO, and KOBEA Group Co. Ltd. (Korea Blockchain Entrepreneur Association). On top of providing technical development support, IBH will also be providing legal and advisory services to the Uzbekistan government.

According to Forbes [1], a large part of Uzbekistans are unbanked with an estimate of 5% of the population having savings accounts. Notably, in a recent report by Deloitte [2], the high costs and lack of trust towards financial institutions are amongst the top reasons to stay unbanked. Such alarming statistics have prompted an increasing number of governments to organize financial inclusion initiatives. In the case of Uzbekistan specifically, prior to this collaboration with leading global blockchain companies, the Republic’s government had fully legalized the activities of cryptocurrency exchanges nationwide since September 2018.

Mr. Hiro Enotomo, IBH’s Founder and Group CEO, concluded that “With a large population of more than 30 million, IBH is privileged to be one of the leading technology providers in delivering blockchain technologies and services to the government and people of Uzbekistan. The population as a whole is showing increasing interest in technology adoption, as such, this strategic partnership empowers IBH to support Uzbekistan in its mission to promote financial inclusion through our development, legal, and advisory services.”

As IBH, EMURGO, and KOBEA share the same philosophy to promote financial inclusion for the unbanked using the power of blockchain technology, this strategic collaboration is in line with IBH’s mission to promote “reverse-innovation” and the practical use of blockchain technology to transform the world from Asia. With this in mind, IBH seeks to create a new economic zone with technological strength and capital strength for the creation of innovation from Asia.

Shogo Ishida, Head of Central Asia of IBH and CEO of QRC HK Ltd., commented “We see the huge potential of Uzbekistan as a blockchain hub in Central Asia under the strong leadership of its government. In the past 2 years, Uzbekistan has passed a number of important laws related to blockchain technology and we, as an expert of regulatory compliance, look for further cooperation with the Republic’s government to elevate the country’s presence as a regulatory advanced nation.”

Continue Reading
Advertisement

Asia

PAGCOR Enforces Accreditation for All iGaming Service Providers by 2026

Published

on

pagcor-enforces-accreditation-for-all-igaming-service-providers-by-2026

Reading Time: < 1 minute

 

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.

Continue Reading

Aquisitions/Mergers

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

Published

on

gregorio-araneta-to-sell-its-entire-57%-stake-in-philweb-to-nexora-holdings-and-velora-holdings

Reading Time: < 1 minute

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.

Continue Reading

ArenaPlus

DigiPlus Announces Partnership with Bayad

Published

on

digiplus-announces-partnership-with-bayad

Reading Time: 2 minutes

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.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania