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Karnataka HC Orders State Not To Make Any Arrests Under New Gambling Law Poker

23 Oct, 2021 Karnataka HC Orders State Not To Make Any Arrests Under New Gambling Law

The Karnataka HC (High Court), on 22nd October ordered the state police not to make any arrests under the new gambling law introduced in the state. The new gambling law, which was passed by the Karnataka legislative assembly last month has faced severe backlash and legal opposition from...

What Are The Implications Of GST On Online Gaming Gaming

19 May, 2021 What Are The Implications Of GST On Online Gaming

The gaming industry in India is flourishing like never before. And just like every other industry, the gaming industry too comes under the scope of taxes, particularly Goods and Service Tax (GST). And it is important to understand the implications of GST on the online gaming industry. T...

UPI Transactions Of INR 50 On Gaming Apps To Be Banned Gaming

20 Apr, 2021 UPI Transactions Of INR 50 On Gaming Apps To Be Banned

All online gaming Unified Payments Interface (UPI) transactions under INR 50 will now be permanently banned by the National Payments Corporation of India (NPCI), state news reports. The new law has been implemented to moderate the volume of UPI Payments that has increased during the pan...

Nazara Technologies IPO Subscribed 30.88 Times On Final Day Gaming

19 Mar, 2021 Nazara Technologies IPO Subscribed 30.88 Times On Final Day

The ongoing initial public offering (IPO) of Nazara Technologies Limited could change the game for the Indian gaming market which is currently valued at USD 1.5 billion. The market is estimated to reach USD 3.5 billion by the year 2023. Deeper smartphone penetration in the country along...

Why Are Investors Eyeing The Indian Gaming Sector? Gaming

16 Mar, 2021 Why Are Investors Eyeing The Indian Gaming Sector?

While movies, music and television series have always dominated the Indian entertainment market, the gaming sector has started to make its mark as well. The mobile gaming industry has done exceptionally well in the past year with games like PUBG, Clash of Clans, Call of Duty etc. ruling...

Investments Worth USD 544 Million Boosted India’s Gaming Sector Business

15 Mar, 2021 Investments Worth USD 544 Million Boosted India’s Gaming Sector

The Indian gaming sector has received investments worth USD 544 million during the August 2020 – January 2021 period. Reports by Maple Capital Advisors estimate that this figure will double in the next 12-18 months due to higher user awareness and enhanced engagement. Several inve...

Mobile Premier League Valuation Doubles To $800 million In Four Months Gaming

04 Feb, 2021 Mobile Premier League Valuation Doubles To $800 million In Four Months

In a new financing round, Mobile Premier League (MPL) raised over $100 million, which now puts the company’s total value close to $800 million. Investors including Composite Capital, Telstra Ventures, and Moore Strategic Ventures led the new fundraise. There was also participation from ...

Gaming

31 Dec, 2020 Top 20 Gaming Stories of 2020 – Part 2

The gaming industry had some of its biggest stories this year with various companies reporting new ventures and landmark achievements every month. Although the year brought many changes and challenges, the industry still managed to pull through. While there are plenty of good news to re...

Madras HC Criticizes Media For Broadcasting Explicit Content Gambling

24 Dec, 2020 Madras HC Criticizes Media For Broadcasting Explicit Content

On Tuesday, the Madras High Court conveyed displeasure about the type of content broadcasted on television, emphasizing that media should be more responsible with respect to what it selects for broadcasting. A division bench of Justices N.Kirubakaran and B. Pugalendhi, on hearing the tw...

Andhra Pradesh Gaming Bill 2020 Amended By Voice Vote Gambling

03 Dec, 2020 Andhra Pradesh Gaming Bill 2020 Amended By Voice Vote

The Andhra Pradesh government has recently been in a major overhaul when it came to online gambling, provisions related to real money gaming and much more. The Andhra Pradesh government had passed a ban on online games like rummy, poker and fantasy games in the state that involve financ...

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