Tag: gaming

Madras High Court reverses government ban on online rummy and poker

Such sites pose significant financial and socio-economic risks for consumers, especially youth and children and the Ministry of Information and Broadcasting (MIB) has previously issued multiple advisories asking television channels, digital news publishers and OTT platforms to refrain from showing advertisements for online gambling sites and surrogate advertisements. (Representative Image: Jack Hamilton via Unsplash)

The All India Gaming Federation, Gameskraft, Games24x7, Junglee Rummy, and A23 were among the petitioners who argued that while the game is legally permissible when played physically, it becomes illegal when played online.

Nithin Kamath’s Rainmatter-backed Game Theory acquires Matchday.ai

NIC Ice Cream was co-founded in 2012 by Jeetendra Bhandari, Sanjiv Shah, and Raj Bhandari, and it serves in 86 cities across India. (Image source: Claudio Schwarz via Unsplash)

The primary objective behind this strategic move is to accelerate the technology roadmap of AI capabilities and computer vision.

Government regulation instills trust and credibility: Head Digital Work’s Gunnidhi Sareen

Gunnidhi Sareen, vice president - marketing, Head Digital Works states, "In the long run, the establishment of trust and credibility is beneficial for the gaming industry. It encourages more individuals to choose these platforms for leisure activities, contributing to the overall growth of the industry. As trust is built, we can anticipate an increase in the number of customers engaging with the platform during their leisure time throughout the day."

Gunnidhi Sareen, VP Marketing at Head Digital Works about GST, its impact, responsible gaming, SRK as brand ambassador and more.

Online gaming companies continue to be on India’s radar: Sources

Moving on from taxes and revenues, the report also said that India’s online gamers are expected to grow at a CAGR of 5 percent and reach 53.8 crore by FY28. (Representational image via Unsplash)

The government has identified instances where online gaming companies restructured themselves to evade GST & income tax.

Indian gaming industry expected to touch $7.5 billion by FY28

Structural shifts toward a higher propensity to pay for in-game features and the burgeoning popularity of casual and midcore games are poised to play pivotal roles in shaping the landscape by FY28. (Representative Image via Unsplash)

As per Lumikai’s recent gaming report, in-app purchases and ad revenues is anticipated to be the mainstay contributors to the industry’s growth.

IndiGG IP’s Kratos Studios rolls out ‘Kratos Games Network’ program

The Kratos Games Network will offer a multitude of benefits, including access to a large number of gamer communities. Being a part of Kratos Games Network, the partner developers will also have an economic value-sharing model with their gamers, leading to enhanced user retention and increased monetization for individual gamers.

The ‘Kratos Games Network’ will extend the grant to web2 gaming development studios and will transition their games to blockchain gaming.

JetSynthesys partners with venture accelerator firm Brinc to launch new gaming accelerator program

Structural shifts toward a higher propensity to pay for in-game features and the burgeoning popularity of casual and midcore games are poised to play pivotal roles in shaping the landscape by FY28. (Representative Image via Unsplash)

The company will be funding and sharing expertise with startups working on Game Titles and IP, DevTools and Gaming Infrastructure, as well as Consumer Applications. This includes Immersive Gaming, Cross Platform Gaming, Blockchain Gaming, Games as a Service, Cloud Gaming, eSports, AI for Gaming and more.

Gaming firms may use grey area in GST law to challenge ‘retrospective’ taxation: Sources

According to Dua, while initial concerns remain regarding the regulations, cautious optimism is emerging. Data is being analyzed by officials to understand the impact on businesses and consumers. This, along with the Finance Minister's commitment to review, fuels hope for a potential revision that fosters continued industry growth.(Representative image via Unsplash)

Officials say the centre will leave it to the courts to decide whether the notices sent for the period prior to October 1 for 28 percent GST are valid or not.

How cross-branding impacts the gaming industry

With more people than ever before spending their leisure time on mobile devices, brands are recognising the potential of advertising in this space. (Representative image by Ryland Dean via Unsplash)

As per All India Gaming Federation, the Indian gaming market is expected to grow from $2.8 billion in 2022 to $5 billion in 2025, growing at a CAGR of 28-30 percent.