Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Asia

SuperGaming Ropes In WazirX Co-Founder Siddharth Menon as Advisor for New Crypto Platform and Games

Published

on

Reading Time: 2 minutes

 

SuperGaming, India’s leading game developer, announced that Siddharth Menon, co-founder and COO of WazirX will be an advisor for its upcoming web3 initiatives. Siddharth Menon will work with SuperGaming to build out its crypto platform and games. He will be deeply involved in designing the economy of these games as well as advising on the best way to harness the power of web3 to other game developers through SuperGaming’s crypto platform.

SuperGaming has over five years of game development experience with recent hits such as MaskGun with 60 million players and Silly Royale with 14 million players. It’s also working on Indus — a crafted-in-India for-the-world battle royale for PC, consoles, and mobile.

In addition to this, the company has its own gaming engine for running hyperscale, real-time multiplayer games used by third-party studios with the official PAC-MAN game being the most famous of these. Nonetheless, the company is deeply aware of the current issues with blockchain and crypto games.

Advertisement

“We have built over 100 games in the past with a deep focus on how to make them the most fun experiences for our players,” said Roby John, CEO and co-founder, SuperGaming. “While the crypto space brings new opportunities, we want to be extremely thoughtful — and careful — with how we bring aspects of cryptocurrencies and the blockchain to our games.”

Having built WazirX, India’s largest cryptocurrency marketplace with over eight million users and billions in monthly volume, Siddharth Menon brings invaluable strength to SuperGaming.

“Web3 is going to change the way we play games,” said Siddharth Menon, co-founder and COO WazirX. “However right now, the way web3 games are built is unsustainable. I believe it has to be built in a way that lets us protect players, investors and traders. For example: game assets need to be designed for high liquidity and for high frequency traders. I am excited to come on as advisor to SuperGaming and bring its games to web3 in a more sustainable and responsible way. It’s early days but I am very bullish on the web3 gaming space.”

There is a great deal of skepticism around web3 right now. This is due to a lack of understanding around the technology and many bad actors from known influencers to shady, fly-by-night anonymous developers looking to make a quick buck at your expense.

With SuperGaming’s expertise in game development and Siddarth Menon’s track record in web3 (as well as his passion for games) the duo will devise sustainable economics to keep inflation, deflation, demand and supply in balance for web3 games. This will result in a solution that keeps the players’ best interest in mind.

Advertisement
Continue Reading
Advertisement

Asia

Uzbekistan Legalises Online Betting and Lotteries

Published

on

uzbekistan-legalises-online-betting-and-lotteries
Reading Time: 2 minutes

 

President of Uzbekistan Shavkat Mirziyoyev has signed a decree on April 19 titled “On Measures to Improve the Regulation of the Organization and Conduct of Lotteries and Risk-Based Games in the Republic of Uzbekistan”. The document abolishes the ban starting from January 1, 2025, and introduces a legal framework for the organisation of risk-based games online and betting activities.

The issue of legalising betting activities has been a long-standing topic in Uzbekistan. In December 2019, the president signed a decree to legalise bookmakers, but this decision was revised in April 2022. In April 2023, the head of state instructed the development of a regulatory framework for betting activities.

The National Agency for Advanced Projects (NAAP), the authorised state body for regulating and licensing activities in this sector, provided insights on the necessity of introducing state regulation in the gambling sector in Uzbekistan. The agency emphasised the need to prevent illegal gambling businesses, protect players’ rights and generate additional income for the state budget.

Advertisement

The president’s decree aims to introduce advanced foreign experience and modern technologies in regulating the organisation of risk-based games and lotteries to increase investment attractiveness, tourist potential and attract additional funds to the country.

The measures outlined in the decree include the creation of legal foundations for the legalisation of activities related to risk-based games online, betting activities, and lotteries, implementation of mechanisms to protect citizens’ rights and interests, prevention of gambling addiction and the generation of additional state budget revenue.

Starting from January 1, 2025, a taxation system will be introduced for license holders, where organisers of online games, betting activities and lotteries will pay a turnover tax. This system aims to prevent the concealment of taxable revenue and is expected to generate additional tax revenues for the state budget.

Overall, the implementation of the decree is intended to establish a reliable foundation for the legal regulation of activities related to organising risk-based games online, betting activities and lotteries in Uzbekistan, protect citizens’ interests, combat gambling addiction and provide additional sources of income for the state budget.

The post Uzbekistan Legalises Online Betting and Lotteries appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Asia

Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

Published

on

delasport-signs-a-sports-deal-with-philippines’-leading-regulated-operator-okbet
Reading Time: < 1 minute

 

Award-winning iGaming supplier in regulated markets Delasport has just signed a sports deal with Philippines’s number 1 operator OKBET.

The leading software developer will provide sports-services to their new partner, enhancing the experience of sports bettors in the Philippines even further.

“We’re proud to supply our services to such a strong partner as OKBET, and to an exciting and steadily growing market as the Philippines”, Delasport’s CEO Oren Cohen Shwartz comments on the agreement.

Advertisement

Regulated Philippines is marking a stable 5% year-to-year growth with the number of users expected to reach almost 6 million by 2029.

This is yet another deal for Delasport, with the global supplier’s expansion in regulated markets happening at full force.

Same goes for OKBET who have been holding the number one operator spot in iGaming in the Philippines for a long time now.

“I’m excited that OKBET and Delasports are joining forces to redefine the landscape of online sports gaming in the Philippines”, OKBET’s COO Wayne Thong also comments on the deal. “This partnership combines OKBET’s local market expertise with Delasports’ global industry leadership, creating new opportunities for innovation and customer satisfaction. OKBET and Delasports share a common vision for the future: a vibrant and dynamic platform that caters to the diverse interests of sports enthusiasts. By combining cutting-edge technology with a deep understanding of user preferences, this collaboration aims to set new standards for the industry.”

The post Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Asia

Indonesia Establishes Task Force to Combat Online Gambling

Published

on

indonesia-establishes-task-force-to-combat-online-gambling
Reading Time: < 1 minute

 

Indonesia’s Ministry of Communications and Information Technology (Kominfo) has revealed plans to establish a task force to combat online gambling.

In a statement, Kominfo said the task force would comprise representatives of multiple government agencies including the Financial Services Authority (OJK), Financial Transaction Reports and Analysis Centre (PPATK) and the police.

It will also work with Interpol to combat cross-border cases given the government’s lack of past success in blocking foreign operators.

Advertisement

“Kominfo will oversee the digital space, OJK will manage accounts and PPATK will handle fund flows, and the police will carry out arrest and investigation duties,” said Usman Kansong, the Ministry’s Information and Public Communications Director.

Minister Budi Arie said: “The Ministry has also issued a warning to all social media platforms, cellular operators and internet service providers not to facilitate any form of online gambling promotion. We have done everything within the authority of Kominfo.

“We from the Ministry of Communication and Information are fully determined. At the beginning of the week I gathered all our teams at Kominfo to work together to eradicate online gambling.”

The post Indonesia Establishes Task Force to Combat Online Gambling appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Trending