Dream Sports, the parent company of online fantasy gaming platform Dream 11, has reportedly approached the Bombay High Court, filing a writ petition against the tax notice served by the GST authorities for alleged tax evasion. As per Inc42 and Moneycontrol, the tax amount demanded is estimated to be around Rs 40,000 crore which is […]
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Gaming News
Slew of GST notices worry Centre about sustainability of online real money gaming industry
With the number of GST show cause notices being issued to online real money gaming firms, some officials in the Finance Ministry are now concerned about the sustainability of the real money gaming industry itself as the quantum of amounts is very large. The officials believe a “considerate view” is required so that the industry […]
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The Directorate General of GST Intelligence (DGGI) is now planning to investigate 100 more online gaming firms for possible GST evasion. The decision comes in light of the Supreme Court’s order to stay the Karnataka High Court’s judgement in the Gameskraft case. “There are over 100 companies registered domestically with online gaming federations. We will […]
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Esports matches in the ongoing Asian Games 2022 commenced yesterday at the Hangzhou Esports Centre, China with EA Sports FC Online and Arena of Valor. Two players from India, Charanjot Singh and Karman Singh Tikka, represented India in FC Online. Unfortunately, both of them lost and were eliminated after the fierce competition provided by other […]
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Developer of Pokémon GO, Niantic has revealed their plans to 10x their user base in India in three years time. The company will also put India on their top five markets around the globe. The company recently added the support for Hindi language to further improve the users based and also announced its plan to […]
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Gaming News
We expect higher sales in India than in China in next decade: Capcom COO Haruhiro Tsujimoto
Japanese video game developer and publisher Capcom is looking to expand into new markets and according to Chief Operating Officer of the company Haruhiro Tsujimoto, it may see substantial growth in India. The company is known for some of the most iconic video games like Street Fighter, Megaman, Devil May Cry and Resident Evil series. […]
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Gaming News
Even if DGGI wins in SC, will govt manage to recover Rs. 2.5 lakh crore taxes from gaming Cos?
This week, India’s only listed casino operator received GST intimation notices for an amount aggregating to INR 16,000 crores. The amount is based on total value of bets by players and relates to Delta Corp and it’s subsidiaries. This tax amount is much higher than last ten year aggregate turnover of Delta Corp. While Delta […]
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Another entry in smartphone line-up by Motorola, the Edge 40 Neo is one of the most aggressively priced midrange device that packs a ton of utility and features. Without further a do, let us have a quick look at all Edge 40 Neo packs. The hardware specifications themselves are more than what anyone could ask […]
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Gaming licenses from small carribbean island Curaçao have been associated with offshore online gambling operators from across the world. Several leading offshore operators undertake iGaming business operations with the license under Curaçao laws. There are currently 4 Master Licences in Curaçao and B2C operators apply for a sub licence under one of the Master Licences […]
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Future Gaming & Hotel Services Private Limited and 15 other companies are facing criminal charges laid down by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA) with a charge sheet filed before a special PMLA court in Kolkata. The ED conducted the investigation against Lottery King Santiago Martin-owned Future Gaming and other […]
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