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Gaming News

MP-born to have 80% reservation in India’s first esports academy: Sports Minister Yashodhara Raje Scindia

In the latest development to India’s first-ever esports academy in Madhya Pradesh, state’s Sports Minister Yashodhara Raje Scindia has revealed that 80% of the seats will be reserved for state-born while the rest 20% is open from outside Madhya Pradesh. The announcement of opening the academy was done a few days ago with the announcement […]
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Gaming News

Online gaming companies write to Govt. to reconsider 28% GST

As many as 127 gaming startups and industry bodies have addressed an open letter to the government requesting to reconsider the GST rate for online gaming. Reportedly, the online gaming industry with a valuation of $20 billion is set to grow at a rate of 30% CAGR by 2025. Notably, there are more than 420 […]
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Gaming News

Tamil Nadu: Anbumani Ramadoss suggests state to hire senior lawyers to defend online gaming law

DMK leader and BAMA President Anbumani Ramadoss had his say in the ongoing case in Madras High Court between the state and online gaming companies regarding imposition of ban on online rummy. Ramadoss believes that senior legal experts should be hired to defend the Tamil Nadu government. The ongoing battle between the state and companies […]
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Gaming News

Bangalore Turf Club partners with illegal offshore betting website Betway

Bangalore Turf Club has announced illegal offshore betting website Betway as their title sponsor for the summer and winter races of 2023-24. The betting platform is banned in India and has had no physical presence in the country either. The prominent horse racing club joins many other sporting events and teams in onboarding an illegal […]
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Gaming News

28% GST: Online gaming companies await more clarity before taking next steps

Online gaming firms are now waiting for clarity on how the 28% tax rate at full face value, announced by the GST Council on Tuesday, will be implemented. The companies are looking for details of how the tax will be levied before deciding their next course of action. An executive at an online gaming firm […]
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Gaming News

Will 28% GST on casinos pose a unique constitutional crises in post GST era?

Last year, the Supreme Court held that the recommendations of the GST Council are not binding on the Parliament and State Legislatures. The apex court opined that had the Parliament intended to make recommendations of the GST Council mandatory the concerned article 279A of the Constitution would have said so explicitly. The recommendations pertaining to […]
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Gaming News

Will 28% GST on real money gaming & casinos pose a unique constitutional crisis in post GST era?

Last year, the Supreme Court held that the recommendations of the GST Council are not binding on the Parliament and State Legislatures. The apex court opined that had the Parliament intended to make recommendations of the GST Council mandatory the concerned article 279A of the Constitution would have said so explicitly.The recommendations pertaining to rate […]
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Gaming News

Reports: Dream11 expects 80% drop in operating profit for FY24 after GST Council’s decision

The most prominent fantasy gaming platform Dream11 is likely to slash its operating profit target by 80% if a report by The Arc is to be believed. The reported development comes after the GST Council announced that the online gaming sector will be taxed at 28% on the full face value amount. The report adds […]
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Gaming News

‘Stop gaming, start building rockets’ – Anupam Mittal takes a jibe at GST Council’s decision

Popular businessman and one of the judges on Shark Tank India, Anupam Mittal, recently poked fun at the latest GST council decision to increase the tax rate on online gaming to 28% on full face value. Mittal said, “Latest lessons – stop gaming, start building rockets, move money from crypto to tomatoes,” implying that people […]
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Gaming News

Google’s new policy allows apps with digital assets on Play Store

Google’s latest marketplace policy update have paved the way for apps containing asset that can be purchased and bought with digital tokens. “Today, we’re pleased to share that we’re updating our policy to open new ways to transact blockchain-based digital content within apps and games on Google Play,” says an official post by Group Product […]
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