The industry wishes that through the tax be computed in the Gross Gaming Revenue (GGR) rather than on the full face value.
Tag: gaming
Modi’s Gen Z masterstroke: PM creates social media buzz with gamers days before Lok Sabha polls
Prime Minister Narendra Modi’s engagements with top creators and gamers has fuelled social media frenzy and highlighted his strategies to connect with Gen Z voters ahead of elections.
PM Narendra Modi meets India’s top gamers
The PM met a total of 7 gamers/gaming creators including Animesh Agrawal, Naman Mathur, Mithilesh Patankar, Payal Dhare, Tirth Mehta, Ganesh Gangadhar, and Anshu Bisht.
Gaming industry to almost double to $6 billion by 2028: Report
The report highlights a rising demand for content that resonates with local tastes and narratives, driving the Indian language translation market to a substantial valuation of nearly $500 million.
Centre Court Capital announces Rs350 crore sports tech and gaming VC fund in India
Founded by former JSW Sports CEO, Mustafa Ghouse and anchored by Parth Jindal, the fund has raised Rs 200 crore to date.
Offshore betting firms dodge MIB, target cricket fans through OOH and discrete channels
Despite efforts by the Ministry of Information and Broadcasting (MIB) to curb their advertising initiatives, these companies – 1XBet, DafaBet, Parimatch, Betway, and others – are focusing on digital and out-of-home platforms to bypass restrictions.
Government initiates creation of independent regulator for e-gaming services in India
National Law University Delhi, in collaboration with the E-Gaming Federation, is engaging with industry stakeholders to prepare their recommendations that is expected to be submitted to MeitY post the Lok Sabha elections.
WinZO collaborates with Carry Minati for Bharat Tech Triumph initiative
WinZO had launched the ‘Bharat Tech Triumph’ initiative to enhance the global export of culturally relevant games and related technology originated in Bharat.
MIB advisory urges celebs and influencers to abstain from promoting offshore online betting and gambling on social media
Failure to comply may lead to proceedings under the provisions of Consumer Protection Act, 2019, removal/disabling of social media posts/accounts where such promotional content/advertisements/endorsements are being published, and penal action under the applicable statutes.
My11Circle becomes the official partner for IPL outbidding Dream11
Dream11 had reportedly submitted a bid of Rs 515 crore for five seasons, whereas, My11Circle’s bid amounted to Rs 625 crore.