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Revenant Esports signs Cybeart as its Official Gaming Chair Partner

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India’s prominent Esports organization Revenant Esports has onboarded one of the leading Gaming Merchandise companies Cybeart as its Official Gaming Chair partner for the upcoming season.

Cybeart is one the world’s leading gaming chairs and accessories manufacturer, founded in Toronto, Canada with a vision to provide premium products to alleviate the overall gaming experience. Officially licensed products from Hollywood Studios is a USP of the company’s reputation as a leading maker of gaming chairs. Throughout this partnership, Cybeart will design customized chairs exclusively for tournaments, as well as for Revenant’s bootcamp, numerous gaming rosters and creators.

 “We are delighted to be associated with a brand like Cybeart that has made a name for itself due to their superior quality products and creativity. Gaming Chair sponsorships are essential for gamers or creators of any Esports organization as it is one of the fundamental products associated with their craft. This association is going to enhance the gaming experience of our gamers and creators. We are looking forward to teaming up with Cybeart and aid the growth of both brands in our respective capacities and countries.” said Founder and CEO of Revenant Esports, Rohit Jagasia.

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An exclusive partnership with a renowned Esports organization will make Cybeart’s vision of making a huge impact in the Indian gaming community a reality. This is Cybeart’s one of many exclusive partnerships.

With a licensing agreement with Warner Bros Consumer Products (WBCP), the company has previously launched a variety of gaming chairs featuring characters from DC Comics, Mortal Kombat, and The Batman 2022 movie. The World’s First “Lord of the Rings” Gaming Chair is the latest addition to their gaming chair collection.

Being a gamer and living abroad for the past few years, I have been closely monitoring the gaming ecosystem in foreign regions and also the currently booming Indian Esports Industry. I’ve always had the urge to introduce the brand to my own country and bring a change into how esports is perceived in India. With both the brands working towards the same goal, we are thrilled to partner with one of the leading Esports organizations, Revenant Esports as part of our vision to revolutionize the Indian gaming industry.” said Founder and CEO of Cybeart, Krutik Patel.

According to Industry statistics, as many as 72 brands had invested in 2021, this deal is a testament to the ever growing interest that corporates and brands are taking in the Indian gaming and esports space.

 

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Uzbekistan Legalises Online Betting and Lotteries

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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.

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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.

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

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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.

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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.

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Indonesia Establishes Task Force to Combat Online Gambling

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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.

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“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.

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