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Tag: real money gaming

Has the state govt filed an appeal against online rummy unban verdict of Madras HC?: S Ramadoss

S. Ramadoss, founder of political party Pattali Makkal Katchi (PMK) and father of its current leader Anbumani Ramadoss, has attacked the state government with...

An overview of “Code of Ethics for Online Gaming Industries”

Industry bodies from the online gaming sector recently gathered during the Indian Game Developer Conference (IGDC) 2023. There, the bodies signed the Code of...

Indian online gaming sector to grow to Rs 33,243 crore by FY28: EY report

A report by Ernst and Young (EY) on the Indian online gaming sector revealed that the number of gamers in India has now reached...

Gameskraft reports 24.8% increase in operating revenue for FY23

Online gaming firm Gameskraft recently revealed its annual results for financial year 2022-23. The results showed a quarter-fold increase in operational revenue, which stood...

Dream Sports CEO Harsh Jain believes SEBI-like regulator will help grow RMG sector

Dream11 parent Dream Sports' CEO Harsh Jain drew similarities between stock market and fantasy gaming in a recent event. Jain said that a SEBI-like...

PhonePe’s Indus onboards popular RMG apps on its marketplace

Leading digital payments firm, PhonePe, recently announced the launch of its android-based appstore called Indus. Now, the platform has onboarded apps like Dream11, Nazara...

Tamil Nadu: Anbumani Ramadoss urges state to further appeal against High Court’s verdict on skill-based gaming in Supreme Court

The Madras High Court made a landmark judgment, uplifting the ban on skill-based online gaming activities in the state of Tamil Nadu. Dr. Anbumani...

Industry reacts to Madras HC’s verdict on online gaming ban in state

Madras High Court's latest verdict uplifting the ban on online gaming in Tamil Nadu came as a landmark judgement. It proved the validity of...

Online real money gaming firms on govt’s radar for money laundering, tax evasion possibilities

A detailed examination of money flow to and from online real money gaming firms was recently conducted by top government authorities such as the...

Nazara Tech considers acquiring real money gaming firms hit by GST demands

Nazara Technologies may soon expand its real money gaming offerings further as CEO Nitish Mittersain said that it is looking to acquire companies hit...

E – Gaming Federation appoints Anuraag Saxena as new CEO

E-Gaming Federation (EGF), an organization representing online skill gaming operators in India, announced Anuraag Saxena as its new Chief Executive Officer (CEO), effective 1st...

Online gaming industry establishes Skilled Online Games Institute (SOGI)

Online gaming firms have united to establish the Skilled Online Games Institute (SOGI) in an effort to combat negative perceptions and "misinformation" about online...

Is a rift between 2 top govt officials the reason for the online gaming GST mess?

The continued chaos over both the retrospective dues of over Rs. 1.5 lakh crore Goods and Services Tax (GST) from the online gaming, casinos...

Recruiters flooded with CVs after GST-affected layoffs in online gaming companies

The new GST regime for online gaming, casinos and horse racing starts Sunday, October 1 and the effects are now apparent as online gaming...

Centre notifies rules to implement 28% GST on online gaming from October 1

The decision to implement 28% GST on full face value of initial deposits on online gaming, casinos and horse racing was taken at the...

Ashneer Grover slams GST Dept over ‘retrospective’ tax notice to RMG Cos

Latest GST notices to real money gaming firms are now making noise among the industry stakeholders. One after another, the RMG industry is being...