Gaming – Page 4 – storyboard18

Gameskraft invests Rs 21.7 crores in social gaming and live streaming platform Eloelo

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.

Play Ventures is contributing the largest chunk with Rs 34.7 crore, followed by Gameskraft Technologies with Rs 21.7 crore, Kalaari Capital (Rs 13 crore) and WestBridge Capital (Rs 8.7 crore).

India’s gaming industry set to reach $4.5 billion by 2025, reveals AIGDF survey

As esports organizations continue to mature into hybrid creators-marketers-broadcasters, the line between “agency” and “org” blurs.

The global video gaming market, currently valued at $199.74 billion in 2022, is projected to grow to $307.19 billion by 2029, at a 6.3% CAGR.

Quick Commerce or Quick cash? Zepto’s promotion of illegal betting firm Parimatch

Flyer of illegal betting platform Parimatch sent by Zepto to customers, hoarding at Poonamallee High Road in Tamil Nadu.

Zepto not only promoted Parimatch but also went as far as including flyers in customer orders, essentially delivering gambling ads straight to people’s homes.

Aadhaar Authentication impossible, gaming companies tell Madras High Court

Several online gaming companies have already begun implementing TNOGA’s regulations as of March 26. The state government had previously extended the deadline for compliance by six weeks, allowing companies additional time to adjust their operations.

The court questioned whether the regulations could genuinely be deemed arbitrary or excessive, especially considering the potential harm caused by real-money gaming.

Centre blocks 1,410 illegal gaming sites in 2024: Ashwini Vaishnaw

India currently lacks dedicated AI laws, but the government is working on guidelines and frameworks to regulate AI-related crimes.

According to Primus Partners, the Indian online gaming industry’s revenue is expected to reach $2.4 billion by FY2029.

Supreme Court restores petition seeking ban on opinion trading apps

Recently, the Confederation of All India Traders (CAIT) formally appealed to the Indian government, urging a ban on opinion trading apps and websites.

Creativeland Asia vs WinZO: RMG firm told to furnish a bank guarantee of Rs 50 lakhs

Storyboard18 had first reported the legal battle on March 5, titled “Creativeland Asia Takes WinZO to Court, Cries Foul Over Misuse of Creative Idea.”

Breaking: Madras HC refuses interim relief to RMG companies, sets final hearing for March 27

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

WinZO Games’ request to be impleaded in the case was rejected, but the company was granted the liberty to file a fresh writ petition if desired.

FIR filed against 25 celebrities, including Rana Daggubati & Vijay Devarakonda, for promoting illegal betting apps

This development is expected to spark major controversy in the Telugu film industry, especially since it follows the recent arrest of actor Allu Arjun.

The FIR was lodged at Miyapur Police Station in Hyderabad on March 19, following a complaint by 32-year-old businessman Phanindra Sarma.