Online Gaming

Delay In Implementing SROs For Gaming Leaves Door Open For Illegal Betting Sites During Asia Cup

14/09/2023

The Ministry of Information and Broadcasting had issued advisories refraining online betting platforms from advertising on any media during major sporting events

Poker And Rummy Are Games of Skill: IIT Delhi

04/09/2023

The research was conducted by IIT Professor Tapan Gandhi and his team to verify the dominance of skills in online games like poker and rummy

Nazara Invests In Snax Games, Forges Publishing Partnership For India And Middle East

17/08/2023

Nazara Technologies will also get exclusive rights to publish the games in the Indian subcontinent and the Middle East region on a revenue-sharing basis

BGMI-Maker KRAFTON To Invest $150 Million In India’s Start-Up Ecosystem

10/08/2023

Focusing on content-based platforms and deep tech, it will make investments in key areas like gaming and associated segments

Small Companies In Online Real Money Gaming Space Will Be Unable To Survive With High GST: AIGF

03/08/2023

Finance Minister Nirmala Sitharaman has announced that a 28 per cent GST on the full-face value of bets placed on online games will be implemented from October 1

Nazara Tech's Q1 Revenue Grew By 14% YoY to Rs 254.4 Crores

29/07/2023

In Q1FY24, its revenue grew by 14% YoY, reaching Rs 254.4 crores, while its Profit After Tax (PAT), rose by 31% YoY, amounting to Rs 20.9 crores

GST Council Meeting On August 2 To Decide About Modalities To Impose 28% Tax On Online Gaming

27/07/2023

In its 50th meeting earlier this month, the Council headed by Finance Minister Nirmala Sitharaman decided to levy the maximum 28 per cent tax on the full face value of bets in online gaming, casinos and horse racing

Venture Capitalists Urge Centre To Revise 28% GST Rate On Online Gaming

21/07/2023

The development came after 100 online gaming companies and industry associates urged the centre to revise the 28 per cent GST rate

May Go Back To GST Council On Online Gaming regulatory framework: MoS IT Chandrasekhar

18/07/2023

Online gaming players have expressed disappointment with the decision of the Goods and Services Tax Council to levy a 28 per cent tax on online games involving real money

Starlight Gaming Plans To Invest $10 Million In Indian Gaming Industry

18/07/2023

It launched its first battle royale game Raider Six, a few days ago