WinZO, one of India's biggest online gaming companies, announced they're expanding into Brazil! This announcement came at a time when Indian gaming companies are struggling with the GST hike, which has been a real downer for new startups. WinZO is investing $25 million into Brazil, so they can focus on ...
Tag: mobile gaming market
October 9, 2023Admin akads
India is the second-largest gaming market in the world today. However, India is the biggest mobile gaming market when it comes to app downloads. According to Statista, India had an online gaming population of 421 million players in 2022, which is an increase of 8% compared to 2021. The number ...
September 26, 2023Admin akads
Mobile gaming has evolved along with the mobile device. From the days of ‘Snake’ on Nokia phones, to next-gen smartphones with high-end graphics and an immersive gaming experience that rivals even the best console games, mobile gaming has gone through a lot of changes. The mobile gaming segment thrived during ...
June 22, 2023Admin akads
Big tech companies are laying off thousands of employees, and the online gaming industry in India, which is anticipated to reach $1.9 bn by 2024, could help in lessening the burden. The online gaming industry presently employs almost 50,000 people as programmers and developers, accounting for 30% of the workforce. According to ...
November 29, 2022Roland Landers
WinZO, India’s largest social gaming platform returned with season 2 of its most anticipated National Level Scholarship program – B.O.S.S (Battle of Super Scholar). With the addition of two new top B-schools IIM Bangalore and IIM Lucknow along with IIM Ahmedabad and IIM Calcutta, the second edition was even bigger ...
August 24, 2022Roland Landers
The Fitment Committee, which involves officials from different states, is going to meet this week to talk about the hike in GST on online gaming, race courses, and casinos. "There was clear agreement in a meeting held by a group of ministers last week." "We are trusting that the board will ...
May 11, 2022Roland Landers
As per reports, the Goods and Service Tax (GST) Council is probably going to consider imposing a 28% GST on cryptocurrencies and bitcoins at par with the lottery, casinos, race courses, and wagering. CNBC-TV18 detailed that the GST Council has named a board to consider the proposition of imposing a 28% ...
May 10, 2022Roland Landers
A day after the Group of Ministers (GoM) entrusted by the GST Council to inspect topics associated with the GST regime overlaying online gaming, casinos, and racecourses met, the online gaming industry has made a sturdy pitch to the public authorities in opposition to raising GST rates to defend the ...
The Mobile Premier League (MPL), a gaming unicorn, has opened a studio to accelerate the development of AAA (high-profile) mobile games for domestic and international markets. Mayhem Studios, a subsidiary of MPL, promises to build high-quality games using India's developer community. A team of experts in animation, art, cinematics, design, engineering, ...
According to experts, adding non-fungible tokens (NFTs) to a funding portfolio can assist in reaching higher stability of risk and return. An NFT is a non-interchangeable unit of information saved on a blockchain, a form of a virtual ledger that may be bought or traded. It normally makes use of ...