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India approves Digital Data Protection law imposing new compliance requirements for gaming Cos

The Indian Parliament has finally approved the Digital Personal Data Protection Bill, 2023 (“Bill”) ushering a new era in the story of Digital India. The Bill will now become an act after receiving presidential assent. The legislation lays down a comprehensive framework for data protection in India. In line with Puttuswamy decision by Supreme Court, […]
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Cannot dilute download warning for WinZo’s app: Google to Delhi HC

On Wednesday, August 9, Google told the Delhi High Court that it cannot simply dilute the warning/disclaimer or make changes in it when users download the WinZO APK file using its search engine. This comes in response to Justices Manmohan and Saurabh Banerjee of the Delhi HC, asking Google in March to consider issuing a […]
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Gaming startup MetaShot raises $400k in pre-seed round

Bengaluru-based gaming startup MetaShot have successful raise $400,000 in a pre-seed round led by Inflection Point Ventures. Several angel investors including founders of Dineout – Ankit Mehrotra, Sahil Jain and Khalid Qazi. MetaShot’s founding team includes Prince Thomas, Ranjit Behera, and Ajith Sunny. The founders say that they want to enable the users to have […]
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Report: Cabinet approves Bill amending 28% GST on online gaming

The Union Cabinet has approved the bill to amend the new GST rate of 28% on online gaming, casino and horse racing on Wednesday, August 9. With this, the bill will now be presented into the ongoing monsoon Parliament Session which will allow it to be enforced by the estimated date of October 1. The […]
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Kerala: HC dismisses lottery king Santiago Martin’s writ petition challenging ED’s attachment orders

Lottery king Santiago Martin’s appeal against Enforcement Directorate’s recent action to attach and freeze his and his company’s movable assets under the Prevention of Money Laundering Act, 2002 (PMLA) has been dismissed by the Kerala High Court on Tuesday, August 8. Martin had approached the High Court challenging ED’s provisional attachment orders on the aforementioned […]
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Yudiz Solutions share trades at premium in grey market after record-breaking IPO subscription; eyes bumper listing

Leading gaming designer and futuristic web app development company Yudiz Solutions Ltd.’s SME Initial Public Offer (IPO) closed for application on Tuesday, August 8 at 5PM IST. Notably, the issue got a massive response from the public as well as investment institutions, thereby leading to oversubscription. While the Qualified Institutional Buyers (QIBs) had an oversubscription […]
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Zerodha co-founder Nikhil Kamath calls esports a sound opportunity for investors

A recent GST council meeting, as some would say, put the final nail in the real money gaming sector for a while with a 28% GST rate on full face value. Although the tax is levied on the initial deposits by players, so already-established firms may be able to survive. Co-founder of brokerage firm Zerodha, […]
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28% GST on online gaming, casinos, horse racing will result in revenue growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman stated today that the 28% GST on full face value on online gaming, casinos and horse racing will lead to higher revenue. The Finance Minister was replying to a host of questions asked in the Rajya Sabha by Retired Lt. General and BJP member D.P. Vats relating to GST levy on […]
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Report: Govt to issue ordinance imposing 28% GST on online gaming

With the finalization of new GST rate for online gaming, casino and horse racing, the central government may soon issue an ordinance to enforce the newly implemented 28% GST. Finance Minister Nirmala Sitharaman, during the 51st GST council meeting, announced that the new law is expected to take effect starting October 1. Since the parliament […]
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Australia: VGCCC bans betting on minors in sports competitions

The Victorian Gambling and Casino Control Commission (VGCCC) has finally put an end to sports betting on competitions comprising players under the age of 19 or where all of them are minors. Betting on a particular athlete under the age of 18 and their performance, bets on specific events like first goal or first to […]
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