Gaming – Page 14 – storyboard18

‘Not hyping to raise funds, investors are not dumb,’ says SuperGaming Founder

According to Tracxn, SuperGaming has raised a total of $6.8 million over three rounds, with the first round of funding on November 12, 2019.

The Pune-based gaming studio is backed by investors including Bandai Namco, Akatsuki Entertainment Technology Fund, Skycatcher, BAce Capital, and Dream Incubator.

DGGI investigating 658 gambling companies, reports Rs 82k crore tax evasion by online ‘gaming’ companies

Haryana cracks down on gambling

Meanwhile, the GST department has collected Rs 2,675 crore from 574 offshore entities offering digital services to Indian entities in FY24.

Deepika Padukone joins BGMI as Brand Ambassador

Expressing her enthusiasm for the partnership, Deepika Padukone commented, "It is a thrilling opportunity to embark on this new chapter with the BGMI family."

Global icon set to become a playable character with exclusive skins in Battlegrounds Mobile India (BGMI).

Tamil Nadu examining Australia-like gaming policy, video game industry tight-lipped

TNOGA Chairman Mohammed Nasimuddin stated that preliminary survey analysis suggests that about 20 percent of students in the state are addicted to online games.

During one of the consultative processes, the Tamil Nadu government clarified that they do not differentiate between the video game and RMG industries.

Breaking: Tamil Nadu takes strong stand against online gaming, RMG players left red faced

Senior Counsel C Aryama Sundaram, representing the petitioners in earlier hearings, asserted that the Tamil Nadu government lacks jurisdiction to legislate in this domain.

N Muruganandam, Chief Secretary of Tamil Nadu government hinted towards banning certain games and said that the addiction to online gaming among children has grown leading to harmful effects.

ASCI escalates issue of illegal betting and gambling platforms’ ads to MIB

The proposed overhaul of these laws comes amid a surge in applications from non-governmental organizations, trade bodies, and private firms seeking permission to use terms like “India,” “Commission,” “Corporation,” and “Bureau” in their names.

Storyboard18 recently reported that offshore illegal gambling firms have been using the Pro Kabaddi League (PKL) as a sporting platform for surrogate advertising.

Breaking: RMG sector ignored, GST council shuns agenda after multiple requests

Despite multiple requests from the sector, the Indian government has ignored the sector since past two years.

It should be noted that in its 50th meeting held in July 2023, the GST council decided to levy 28 per cent tax — the highest slab — on the full face value of online gaming

EXCLUSIVE: PKL promoting offshore betting, gambling firms; RMG players complain to MIB

Parimatch is one of the notorious illegal betting and gambling platform operating in India.

The letter which is with Storyboard18 states that illegal betting and gambling platforms are conducting surrogate advertising by sponsoring PKL and participating teams.

Virat Kohli leads as top taxpayer among Indian sportspersons

Virat Kohli took the top spot due to his high ranking in parameters such as likeability, popularity, and consumer interest

The former Indian cricket captain paid Rs 66 crore in taxes for the 2023-24 financial year, topping the list of Indian athletes.

PM Modi’s I-Day speech spurs DPIIT to fast-track FDI policy for online gaming: EXCLUSIVE

Prime Minister in April last year met India's top gamers and gaming content creators. He was seen interacting with gamers and shared how gaming industry is taking centre stage.

DPIIT has written letter to MIB, MeitY, Niti Aayog seeking clarification on the definition of game of chance and game of skill for drafting a policy on 100 percent FDI for online gaming