All Posts by admin

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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Karnataka cabinet delays draft ordinance for levying 28% GST on online gaming

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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China’s restrictive gaming hours policy may be ineffective: Study

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 […]
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YouTube testing out ‘Playables’ for desktops, mobile devices

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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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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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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Online RMG: States start amending GST laws towards implementing 28% tax from October 1

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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28% tax on online gaming: Central govt notifies amendments to CGST Rules, no tax adjustment on deposit refund

The central government today notified amendments to CGST Rules 2017 towards implementing the 28% tax rate for online gaming, casinos and horseracing. The rules will be effective on a date to be notified by the government which tentatively will be October 1, the proposed date of implementation of the new tax regime. As deliberated by […]
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Mahadev Book: ED takes CM Baghel’s political advisor Vinod Verma’s family members for questioning

The Enforcement Directorate (ED) been working aggressively on the busting Mahadev Book’s illegal betting operations. Working further in the matter, ED has now summoned and questioned CM Bhupesh Baghel’s political advisor Vinod Verma’s family members. Verma disclosed that his sons Punarvasu, Tathagat and brother-in-law Tukendra Verma have been summoned. Verma also said that tomorrow his […]
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Real money games to be allowed on Play Store after SRB formation as Google’s pilot plan nears end

Google Play Store’s pilot programme is set to end soon. As a result, daily fantasy sports and rummy apps under real-money gaming category will be allowed on Play Store only after formation of Self Regulatory Body (SRB). Notably, the year-long pilot program was started in September 2022. In the program, the government approved fantasy sports […]
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