Online Gaming – Page 7

India should adopt online gaming policies like UK, EU: GNLU

India's gaming industry is second-largest after China with the community comprising 500 million gamers

GNLU has also recommended that India should adopt a regulatory framework that mandates operators to incorporate limit-setting features for users

EXCLUSIVE: E-Gaming Federation meets MHA, submits details of 34 companies for banning

In December last year, The Centre has blocked a total of 581 apps so far and out of these, there were 174 betting and gambling apps and 87 loan lending apps.

In past six months, the gaming federation has reported over 250 illegal gambling and betting websites and apps to the government

Free-to-play gaming platform Nostra draws in 115 million active users in a year

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.

‘72% of women gamers play multiple times in a day, a frequency on par with that of male gamers,’ Nostra report mentioned

India’s digital dilemma: Balancing growth with gaming governance

Nirupama Soundararajan, Co-Founder and Partner, Policy Consensus Centre

If illegal betting and gambling is brought under the purview of PMLA, authorities would have greater power to investigate financial transactions, trace illicit proceeds, and impose suitable penalties on those involved, writes Nirupama Soundararajan, Co-Founder and Partner, Policy Consensus Centre.

Union Budget 2024: Major tax revisions set to boost gaming and esports sector

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.

The rollback of the Angel tax is being considered to be a major boost for Indian gaming and esports entrepreneurs, leading to more opportunities as well as higher engagement with the youth.

Women outpace men at workplace in India’s gaming industry: Report

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.

India’s gaming sector experienced a 20-fold increase in overall workforce between 2018 and 2023 with 97.56 CAGR

India’s iGaming: Taxed to extinction, or a catalyst for change?

If the Supreme Court denies the requested relief, the consequences for the online gaming industry could be severe. The industry may be driven underground, with more businesses operating in gray areas, writes Aruna Sharma, Development Economist and retd Secretary GoI.

This tax is contentious because the total wagered amount includes both entry fees and prize money, which do not fit neatly into the definitions of goods and services, writes Aruna Sharma, Development Economist and retd Secretary GoI.

Pre-GST boom, post-GST gloom: Online gaming stumbles in India

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For a sector which has created 100,000 jobs and was expected to create around three times more jobs in coming years, such job erosion is an alarming concern that reflects the adverse business impact of the GST amendment, the report points out.

Rethink GST or risk losing billions: India’s skill-based online gaming needs a tax fix

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 GST tax has led to users embracing untaxed platforms, rise of grey market and potential loss in foreign investment.

PokerBaazi unveils Baazi Millions tournament

The tournament will begin on 1st June and will conclude on 9th June. It offers a guaranteed payout of Rs 10 lac each to the top 25 rank holders.

The poker platform in its first edition of Baazi Millions will initiate a fixed pay-out structure for the top 200 rank holders. The top 25 rankers will bag a million each.