SPiCE India (Strategic Platform for iGaming Conference and Exhibition) has kick-started today, 23rd March, and will run till 25th March at the Goa Marriott Resort & Spa. The current edition of SPiCE follows a couple of very successful annual editions prior, back after a gap since the COVID-19 pandemic kept travel at bay and didn’t allow a physical meeting to take place.
We at Gutshot Magazine will be providing you with all the latest updates from this highly anticipated event of the year. So, if you belong to the online gaming or the igaming industry and couldn’t make it to the SPiCE event, we have all the latest updates for you.
At 10.45 AM, a panel discussion on the best channels to promote online gaming content in India began. This panel discussion has igaming consultant, Jaydeep Chakravartty as the moderator. The panelists were Neha Kulwal, Satya Kiran, and Hishank Jhala.
After a tea break, the panel discussion on payment related issues for affiliates and customers began at 12 PM. The discussion was moderated by gaming consultant, Anutosh Chatterjee. The panel consisted of speakers like Srinivas Kotni, Founder and Managing Partner for Lexport Law Firm, Saran Kedhar, Payment Specialist, Exactly.com, and Navneet Makharia, Co-founder of SifiPay.
On Day 2 of SPiCE India 2022, the keynote address on online gaming in India: Redefining the entertainment industry was given by Vinit Godara, CEO & Co-founder, MyTeam11. He further added, “MyTeam11 till date has 22+ million users and we are looking to scale up in the coming years.”
The panel discussion on ‘How can gaming companies take advantage of the digital India revolution?’ commenced after a half-an-hour tea break. In the discussion, 9stacks‘ Sudhir Kamath said, “Currently we have 400 million gamers out of which 100 million are paying gamers; 10 out of the 100 million are revenue drivers. Soon the figure will scale up to: 600 million gamers, 200 million paying gamers, and 30 million revenue drivers.”
Gutshot Magazine’s Dwayne Fernandes and Ashvin Rao were spotted at the event.
The third day of SPiCE India is off to a spectacular start and people can expect a great lineup of speakers. Topics for the day include discussions on the potential of legalization of sports betting in India, challenges and opportunities for the casino industry in South Asia, and innovations in online rummy and poker in India among others. There will also be a lottery draw hosted by EMIRAT.
The panel on ‘Opportunites and Challenges for the Casino Industry in South Asia’ commenced after a 30-mins tea break. Gaming industry analyst, Jay Sayta was the moderator for the panel. Keval Ganatra, Owner of Casino Golden Goa, Narinder Punj, Consultant for Golden Globe Hotels Pvt. Ltd, and Shrinivas Nayak, Director of Casino Pride Group joined as panellists for the discussion. In the discussion, it was mentioned that the 28% GST tax imposed on the casino industry in India has made room for the industry’s growth in other South Asian countries like Nepal and Sri Lanka.
On this topic, Ganatra said, “If the government of India does regulate the online gaming market and comes up with a new Act, there will be plenty of revenue opportunities for India.”
“During the pandemic, other countries made millions in online gaming which we couldn’t have here,” Punj further added. Answering an audience question, Nayak mentioned how they introduced ‘andar bahar’ into Indian casinos and it’s the highest money spinner today. He also mentioned that the game has already been internationalized as well.
Soon after, a presentation on the topic of ‘How to securely grow your business on bigger payouts,’ was given by Sarvesh Bagla, Founder and CEO of Techmagnate.
This presentation was then followed by the panel on ‘Innovations in online poker and rummy.’ Roland Landers, CEO of All India Gaming Federation (AIGF) was the moderator. The panel included Amin Rozani, CEO of Spartan Poker, Bobby Garg, Co-founder and CEO of Passion Gaming, Dmitry Starostenkov, CEO of Evenbet Gaming among others.
Stay tuned for more updates!
With a Masters Degree in Journalism and Communication, Mrinal Gujare currently is cruising through an exciting genre of writing and editing at Gutshot Magazine. Apart from being an Editor, Mrinal is an avid reader and a former contemporary dancer. She is also perennially hungry for intriguing scoops from across the globe. No holds barred is the rule Mrinal follows in life.
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