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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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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