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The Enforcement Directorate (ED) recently seized assets worth Rs 417 crore as a part of their investigation towards illegal betting app Mahadev Book. The ED is also actively probing against Mahadev Book’s masterminds Saurabh Chandrakar and Ravi Uppal. Searches were conducted across These angadiya entities were used as hawala channel to transfer money to an […]
The post Mahadev Book owner Saurabh Chandrakar spends Rs 200 crore in wedding; ED freezes Rs 417 crore appeared first on G2G News.

Rajeev Chandrasekhar, the minister of state for electronics and IT, has revealed the expected time frame in which the self-regulatory organisations (SROs) will be set up. In his statement, Chandrasekhar said that the SROs, which will certify permissible and non-permissible applications, are expected to be established by the end of September. “There is a slight […]
The post SROs for online gaming sector to be notified by September end: Rajeev Chandrasekhar appeared first on G2G News.

The Enforcement Directorate (ED) has raided angadiya entities across eight locations in Mumbai for alleged money laundering and delivering Rs 112 crore in cash to an event management firm named M/s R-1 Events Pvt Ltd which is connected to the Mahadev Book illegal betting app. Angadiyas are informal couriers used to transport liquid cash and […]
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Recent revelations in the Anant Navratan Jain alias Sontu Jain fraud case has brought up police interest on Rakesh Rajdev. Also known as RR, Rajdev is a fugitive from India who is the owner of illegal betting apps Wolf777 & DiamondExchange and is said to have links with the underworld. Rajdev is reportedly hiding in […]
The post Nagpur: Police investigation reveals Sontu’s link with Wolf777 mastermind Rakesh Rajdev appeared first on G2G News.

The central government has notified the rules governing the online games in April 2023. However, even after a lapse of six months, the rules are yet to be fully implemented as the government has not registered any self regulatory bodies (SRBs). Online gaming operators have been permitted to offer only those ‘online real money games’ […]
The post Online gaming rules: 6 months on, no SRB approved by MeiTY leading to ambiguity appeared first on G2G News.

The Battlegrounds Mobile India Series (BGIS) 2023 qualifiers saw many teams participating. The teams eyed a chance to enter the big leagues and make a name after the game made a comeback. Sadly, there are plenty of teams that used unorthodox methods to achieve their goals. As per the official announcement from Krafton, the cheat […]
The post Krafton disqualifies more teams from BGIS 2023 Qualifiers appeared first on G2G News.

The Gujarat Assembly passed the Gujarat Goods and Services Tax (Amendment) Bill, 2023 on September 13. However, the opposition does not seem to be supportive of the decision which involves levying 28% tax rate on online gaming, casinos and horse racing. Congress MLAs claimed that the new GST law will promote gambling and push the […]
The post Gujarat: Opposition unhappy with GST Amendment Bill to levy 28% tax on online gaming appeared first on G2G News.

The Gujarat State Assembly passed the Gujarat Goods and Services Tax Amendment Bill unanimously on September 13. The Bill was introduced by State Finance Minister Kanubhai Desai. The amendment sought to introduce 28% GST rate on online real money gaming, casinos and horse racing on full face value as per the recommendations of the GST […]
The post Gujarat assembly passes GST Amendment Bill to impose 28% tax on online gaming, casinos and horse racing appeared first on G2G News.

The Supreme Court a few days earlier took a shocking decision to put a stay on Karnataka High Court’s (HC) judgment of quashing the show-cause notice of Rs 21,000 crore to GamesKraft by the GST department. With things set in motion again, the Central Board of Indirect Taxes and Customs (CBIC) is very likely to […]
The post CBIC likely to issue demand notice to Gameskraft appeared first on G2G News.