Page 15 - Online Gaming

In India you don't have casual payer, you have casual player: Games24x7 CEO

'Gaming came into the limelight during the pandemic, and we also saw a bunch of states passing laws to ban this space'', said Bhavin Pandya

Govt must regulate online gaming industry: RS member Sushil Kumar Modi

Voicing concern over children getting addicted to mobile games, Rajya Sabha member and senior BJP leader Sushil Kumar Modi on Friday demanded that the government should regulate the online gaming industry and impose a uniform tax on it. Raising the issue during the Zero Hour, he said these online games have now given way to gambling and betting. Rajya Sabha Chairman M Venkaiah Naidu asked Ashwini Vaishnaw, who is Minister of Communications, Electronics & Information Technology, to take note of this issue. "Consult the Law Ministry and do the needful. It's a big menace," Naidu remarked. Modi said the booming online gaming industry has become a big problem for the youngsters in this country. "Online gaming is becoming a big addiction. I would like to highlight that this sector, like the crypto industry, certainly has a regulatory lacunae. So, I would urge the government to bring a uniform tax on online gaming. I urge the government to make a comprehensive framework of regulation for

Krafton removes 2.5 mn accounts in a month to stem cheating on Indian PUBG

While it permanently banned 2,519,692 accounts, it temporarily banned 706,319 accounts between September and now

Swiggy isn't the only company complaining about forced GST payment

Tax consultants allege many others face coercion from field officers

It's game on for online players, but regulatory woes in India remain

$794 mn investments pumped into Indian gaming industry in 2021, but regulatory woes remain

Metaverse exceeds current virtual reality simulations tenfold: Sinha, Kumar

The metaverse is yet to become a reality but many industry leaders are obsessed with the idea

Skill vs chance argument weighs as Indian states mull banning online gaming

Blanket curbs could be ignoring the potential offered by a sector that grew by 17% CAGR between 2016-2020, and could reach $2 billion by 2023

Skill gaming startups caught in Karnataka's online gambling ban

Following a ban by Karnataka, fantasy sports and online games like Dream11 are out of bounds for gamers in the state. Let's understand the regulatory scenario for the Indian online gaming industry

TMS, Ep 18: Online gaming conundrum, Hero Electric MD Q&A, markets, and AI

Are fantasy sports bearing the brunt of regulatory grey area? What Hero Electric MD Naveen Munjal sees as best drivers of an EV future? What is AI and why it may be a gamechanger? Get all answers here

Online gaming firms are building sophisticated fraud detection mechanisms

By 2023, the Indian online gaming sector is expected to reach a value of $2 billion in terms of fees earned, up from $543 million in 2016

Online rummy federation urges Kerala govt to regulate online gaming

The Online Rummy Federation (TORF), a not-for-profit society to guide and support the online rummy industry, has urged the Kerala government to regulate online gaming

Netflix buys first video game studio, rolls out mobile games

Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday

After TN, K'taka, now Kerala HC quashes notification banning online rummy

The two consecutive High Court judgements further put the Karnataka bill under a huge amount of scrutiny

Karnataka govt seeks to ban online gaming, worrying a booming industry

Many offences under planned law will attract prison terms; gaming firms spooked by proposals, fear business hit, say sources

Industry, trade bodies urge Karnataka to relook online gaming ban in Bill

IAMAI says Bill seems to ignore legal and constitutional positions by including a wide definition of "gaming" in amendments against various SC and High Court judgments

Parents laud Chinese rules aimed at kids' 'unhealthy' gaming

Li Zhanguo's two children, aged eight and four, don't have their own smartphones, but like millions of other Chinese children, they are no strangers to online gaming

Gaming start-up Mobile Premier League valued at $2.3 bn, joins unicorn club

In February, MPL was valued at $945 million after raising $95 million in a Series D round

Mobile Premier valued at $2.3 bn, becomes India's second gaming unicorn

Bangalore-based startup raised capital from investors led by Legatum Capital with participation from Accrete Capital and Gaingels LLC.

China will suspend approvals for new online games, says report

Tencent and Netease led a selloff of Chinese stocks in Hong Kong after the Xinhua news service reported that officials had invited gaming firms to meeting to discuss further oversight of industry

Mumbai Angels Network invests $320,000 in game developer GameEon Studios

India's gaming industry has been growing at a CAGR of 18.6% and is estimated to reach $2 billion by 2023