Tech giant Nvidia and Reliance Industries have collaborated in order to develop India’s own AI (Artificial Intelligence) language model. The AI will be trained on all the languages used in the country. This will be done in order to help to ease the development of multilingual apps as per requirement. Nvidia will be providing access […]
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The UAE, known for its oil exports and tourism, is now taking steps to establish the gaming and casino industry with a view to further boost tourism revenue. People usually compare Dubai to Las Vegas, minus the casinos, but that can change very soon. Most recently, the UAE formed a federal authority for commercial gaming […]
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Rario, a Dream11-backed NFT startup, has been in the news of late. In the latest development, a shocking statement has come out in the public. Rario’s founders Ankit Wadhwa (CEO) and Sunny Bhanot (CTO) are reported to leave the company from their respective roles. The move is a part of investors’ strategic decisions, a close […]
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Gaming News
Illegal offshore betting platform SuperWin signs up AB de Villiers, Pooja Hegde as brand ambassadors
Despite the efforts of the central government to curb illegal betting and gambling platforms along with their promotions, they are still operating and promoting themselves with impunity. Moreover, the celebrities do not seem to be bothered about the illegality of the platforms and their promotions, and are still signing sponsoring agreements with them. The latest […]
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In its cabinet meeting on September 7, the Karnataka government postponed the approval of a draft ordinance to impose the new 28% GST rate on online real money games, casinos and horse racing. The approval is now expected to be given in the next cabinet meeting. According to Moneycontrol, the finance department had presented the […]
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A study by a group of computer scientists has revealed there is no evidence found of Chinese game playtime restrictions reducing the amount of time spent on the activity. The data for the study was provided by Unity Technologies, a prominent game engine. China imposed the restrictions back in November 2019 as a way to […]
The post China’s restrictive gaming hours policy may be ineffective: Study appeared first on G2G News.
As online gaming evolves every day, many companies are now hopping on in the gaming sector. One of them includes YouTube. The Google-owned company has confirmed that it is testing out “Playables”. Notably, this feature will provide a list of games on its platform. The feature, however, is a limited test where few users will […]
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Gaming News
Nazara Technologies to raise Rs 410 crore from SBI Mutual Fund through private placement
Nazara Technologies Ltd’s board has approved to raise Rs 410 crore through an equity issue from SBI Mutual Fund. The company will be issuing 57,42,296 shares at a price of Rs 714 each to SBI Mutual Fund. The investment from SBI Mutual Fund will be through SBI Multicap Fund (Rs 200 crores), SBI Magnum Global […]
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Gaming News
Online gaming industry reacts to Supreme Court staying Karnataka HC decision in Gameskraft GST matter
On Wednesday, September 6 the Supreme Court stayed the decision of the Karnataka High Court quashing the GST show-cause notice issued to Gameskraft for Rs 21,000 crore. With this, the GST department can resume proceedings in the Gameskraft matter for now. This development comes as a heavy blow to the online real money gaming (RMG) […]
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The state governments have started rolling out amendments to their respective state GST enactments to implement the proposed 28% GST tax rate for online gaming, casinos, and racecourses. These are corresponding changes to CGST amendments carried out last month by the central government which are necessary for implementation of the tax rate change approved by […]
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