Despite the Supreme Court's backing of online games of skill, confusion still exists in regards to its status. It's time to unshackle this rising sector from the inclination that exists against it. The autonomy of misconstruing the socio-economic role of this sector is positively detrimental to its development potential.
Throughout recent ... Read More
24
Jun2022
23
Jun2022
The online skill gaming body AIGF has recommended the Rajasthan government to extend the scope of its draft law for virtual sports to bring various formats of online skill-based games like rummy and poker under the regulation.
The All India Gaming Federation (AIGF), in response to the Rajasthan Virtual Online Sports ... Read More
22
Jun2022
In a cash-based deal, online gaming platform WinZO has acquired a majority stake in Gurugram-based startup Upskillz Games.
With this acquisition, WinZO will add Upskillz's blockchain and Web3 contributions to its platform. Moreover, it will likewise add Upskillz's 1.3 million engaged user base to its platform.
Both the gaming startups will team ... Read More
20
Jun2022
Nazara Technologies, a Mumbai-based gaming startup, announced on Saturday (June 18) that it will invest INR 20.10 Cr in Absolute Sports Private Limited.
In an administrative filing, the startup said that its board approved the investment on Saturday, which will be done via secondary purchases of equity shares from Absolute promoter ... Read More
20
Jun2022
Deltatech Gaming Limited, the organization which runs the poker platform Adda52, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR 550 Cr through an initial public offering (IPO).
Once listed, Deltatech Gaming will join the online gaming platform Nazara Technologies ... Read More
16
May2022
The recently chosen BJP governments, including those in UP, Manipur, Goa, and Uttarakhand, might have detected the gigantic market for online gaming and e-gaming startups. They support these ventures and are pushing this forward even though the Karnataka High Court debate with the industry prohibited online gaming in the state.
The ... Read More
16
May2022
Notably, the Group of Ministers (GoM) assigned by the GST board to online gaming, casinos, and race courses is probably going to meet in mid-May to conclude their view, which is probably going to hike the GST rate from the current 18% to 28%.
The online gaming industry has moved toward ... Read More
16
May2022
Gaming has evolved tremendously over the last 10 years. From mobile devices that can play games to multiplayer gaming online and the introduction of augmented reality, gaming has never been bigger. But one thing has remained constant: the allure of gaming. Today, it’s not just the biggest entertainment industry in ... Read More
13
May2022
The Indian online gaming industry has drawn areas of strength from funding and private equity investors over the most recent three years, with its market size, assessed at Rs 10.1 billion and scheduled to develop to Rs 15.3 billion. With a critical population of mobile users in the 15–30 age ... Read More
12
May2022
From the banning of PUBG Mobile to the launch of VALORANT, Indian esports have witnessed huge progress this calendar year. Having said that, the expansion of real-money gaming and fantasy platforms in the sector is a significant advance that has long gone unnoticed.
While the distinction between esports, real money games, ... Read More