Page 11 - Gaming Industry

Betting on outcomes of games won't be allowed; rules likely in Feb: MoS IT

Online gaming companies will not be allowed to engage in betting on the outcome of games under the principle laid in draft rules, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. The minister said that as of now, all permissible online gaming will need to be registered with a self-regulatory organisation that will be accountable to the online gaming rules. "As per the principles laid under the rule, wagering on the outcome of game will not be allowed. All online gaming companies will have to register with the self-regulatory body that will decide on the action required to be taken as per the rules," Chandrasekhar said. The Ministry of Electronics and IT has published draft rules for online gaming companies and has invited comments on the same by January 17. The objective of the rule is to grow the online gaming sector and encourage innovation, he added. The minister said that he expects the online gaming rules to be ready in early February.

Xbox exclusive game 'Redfall' likely to be launched in early May 2023

Redfall will join the 'Starfield' game as part of the tech giant's big Xbox and PC gaming console line-up

State governments to oversee law for online games in their jurisdictions

The states will also be asked to appoint grievance redressal executives and nodal contract executives

IT ministry appointed as nodal ministry for online gaming in India

The Department of Sports under the Ministry of Youth Affairs and Sports has been notified as the nodal agency for e-sports

TDS guidelines for gaming companies may require greater disclosure

The move is aimed at improving reporting and transparency in these sectors

Centre appoints MeitY as the nodal ministry for gaming, to set rules soon

The industry came under scrutiny after the proliferation of games like cards, casinos, and fantasy sports among young people led to addiction and financial losses, with some reported cases of suicide

Gigabyte launches gaming laptops 'G5 series' with Intel 12th Gen in India

Starting at Rs 77,887, the laptops will be available in online and offline retail stores across the country

AVGC task force suggests national mission to promote sunrise sector

In a bid to make audio visual, gaming and comic (AVGC) education as sought after as medical and engineering, a government-appointed task force has suggested starting globally recognised undergraduate and postgraduate courses and tapping talent at the school level leveraging the National Education Policy. The AVGC Task Force, chaired by Apurva Chandra, secretary of the Ministry of Information and Broadcasting, has also recommended to the government to launch a National AVGC-XR Mission with a budget outlay for integrated promotion of the sector and a 'Create in India' campaign on the lines of Make in India' with an exclusive focus on content creation. XR refers to Extended Reality, an umbrella term used to describe immersive technologies that can merge the physical and virtual worlds. The AVGC Task Force was announced by Finance Minister Nirmala Sitharaman in her budget speech this year to promote the AVGC sector which has been growing at 16 per cent year-on-year to emerge as a USD ..

Indian gaming industry needs stable regulatory environment: Sameer Barde

The industry's worry is the "knee-jerk reaction" of states in regulating the industry, Barde said

Bethesda softworks' three future games will be Xbox-exclusive: Microsoft

For years, the company has made it very obvious that it is acquiring studios to support Xbox (and Game Pass) exclusives

Amazon launches Prime Gaming service in India: Know what is new and pricing

Prime Gaming is a service exclusive for Amazon Prime members. It is available through desktops, mobile browsers, and Android app. Support for Apple iOS is coming in January 2023

Amazon rolls out subscription-based service 'Prime Gaming' in India

Amazon Prime and Video subscribers can access the gaming service, which offers a variety of mobile, PC and Mac games with in-game loot for free

Sony-owned Guerrilla confirms new multiplayer Horizon game on Twitter

Under the Horizon game series, it includes -- Horizon Forbidden West, Horizon Call of the Mountain, and Horizon Zero Dawn, according to the company's website

Online games with monetary bets likely to have a 'child lock' mechanism

MeitY could also call for formation of a self-regulatory organisation; policy release likely in 2-3 weeks

No consensus in GoM report on GST framework for online gaming

The panel, headed by Meghalaya Chief Minister Conrad Sangma, submitted its second report to Finance Minister Nirmala Sitharaman ahead of the all-powerful GST Council meeting on Saturday

Nintendo releases new update for Mario Kart 7 game after 10 years

Nintendo said that the partnership will "strengthen the digitalisation" of its business which has already been incredibly successful for the company

ED freezes funds worth over Rs 51 cr in mobile apps money laundering case

The Enforcement Directorate on Wednesday said it has frozen funds worth Rs 51.11 crore under the anti-money laundering law after raiding premises linked to a mobile app company that allegedly duped investors on the pretext of providing "very high" returns. The searches were carried out on December 9 at locations in Noida, Pune and Bengaluru in the case of "misuse" of Matrix Partners Fund (MPF) app and some other apps related to it. The money laundering case stems from a November 2021 FIR filed by the Meghalaya Police against entities/persons behind the MPF app. The MPF app was a "scam investment application which promised very high returns, thereby luring gullible investors throughout the country to invest their hard-earned money in false expectation of high returns", the ED said in a statement. "During investigations, it has emerged that a large number of companies were connected to this app, which ran many other apps related to investment scams, loans, games, betting, rummy ...

Netflix launches new mobile games 'Kentucky Route Zero', 'Twelve Minutes'

The streaming giant said that the players will find old-school gameplay improved with new fighting mechanics and will discover adventures with a new story mode

Apple Arcade launches 'JellyCar Worlds' game, updates 'Sneaky Sasquatch'

In the arcade game 'Fruit Ninja Classic+', players can earn the new Christmas Tree Blade in its Christmas event, running December 9 through December 27

Amazon reveals anime massively multiplayer online game 'Blue Protocol'

The game is described as a multiplayer action role-playing game (RPG), which allows players to choose different roles and enjoy either the story or multiplayer mode