Gaming – Page 10 – storyboard18

EXCLUSIVE: Telangana govt to form separate e-sports policy, confirms IT Minister

Telangana could be the first state in India to introduce comprehensive esports policies.

Confirming Storyboard18’s article on Telangana planning for India’s distinct esports policy, Telangana IT Minister, D. Sridhar Babu shared that industry stakeholders have already shared respective suggestions on the same.

EXCLUSIVE: AVGC 2.0 policy to be implemented by January’25: Telangana IT Minister

Telangana IT Minister, D. Sridhar Babu informed the media that the state is also pitching to have a Center of Excellence in Telangana.

Telangana IT Minister, D. Sridhar Babu told Storyboard18 that AVGC 2.0 would be more attractive for start-ups and for innovation, at an event. He also said that responsible gaming and ethical considerations will be kept in mind while framing the policy.

India’s sports ecosystem to grow double its GDP at 14% CAGR, reveals Google-Deloitte report

The sports technology sector is ripe for investment, projected to be a $1 billion market with a projected CAGR of 19%. (Representative Image: JESHOOTS.COM via Unsplash)

The sports goods and apparel market is expected to double in value to $58 billion by 2030.

Gaming can help India’s share in global M&E sector climb to 4%: Sanjay Jaju, MIB

Industry leaders stressed the importance of adopting proven, non-disruptive digital technologies to enhance efficiency and unlock opportunities in India’s culturally diverse market.

Addressing the gaming community and stakeholders at an event, Sanjay Jaju, Secretary, Ministry of Information and Broadcasting, talked about how the ‘sunrise’ sector has the potential to create jobs, fund start-ups and build enterprises.

EXCLUSIVE: India’s gaming industry gets clarity, RMG sector to be regulated by MeitY

IT Agreement carries a significant impact, particularly regarding trade in IT products, digital industrial policy, and the need for flexibility in applying tariffs to regulate imports.

The longstanding demand to differentiate between entertainment-focused gaming and pay-to-play gaming has finally been addressed by the government of India.

Casual and hypercasual games: IAP up 10%, ads steady

As per shareholding data post-investment, Play Ventures will hold 3.38%, Countryside Ventures 4.46%, Gameskraft Technologies 2.12%, and Kalaari Capital 6.35% of the company.

47% of users are ad-tolerant to avoid paying for subscriptions with preference for micro-transaction based in-app purchases.

Global Esports defies odds to become India’s first profitable esports organization

Despite decline in brand sponsorships and game publisher interests, GE's profitability shows green shoots and the revival of esports industry in the country.

Despite decline in brand sponsorships and game publisher interests, GE’s profitability shows green shoots and the revival of esports industry in the country.

Gladiator Esports acquires Bengaluru based Gods Reign

The newly assembled team, which had a combined prize pool earnings of approximately INR 2.5 crores ($276,703) in FY23.

This consolidation aims to streamline operations, strengthen brand identity, and leverage the combined resources of both entities.

RMG firms to MIB: Stop betting sites from promoting through outdoor ads

MIB advisory, issued on April 22, references a Delhi High Court order which underscores the importance of making digital content accessible to PwDs.

Numerous gambling platforms, including 1xBet, Parimatch, Betway, and DafaBet, have been advertising heavily on billboards and cabs across major cities like Delhi, Mumbai, and Bengaluru.

High taxes and policy uncertainty drive Real Money Gaming operators offshore

Skillhub Online Gaming Federation (SOGF) has initiated efforts to promote Rummy—a card game—as a competitive sport.

Real Money Gaming (RMG) was the largest contributor to the gaming sector in India, comprising 83-84% of overall revenue in FY22, according to a report by Grant Thornton Bharat titled Guardians of Safe Play: Ethical Gaming for Vibrant Bharat.