The Enforcement Directorate (ED) recently carried out searches at various properties owned by the Santiago Martin including his residence and office. Martin is known as ‘lottery king’ as he reportedly operates lottery businesses in Tamil Nadu and the north-eastern states. Searches were carried out at Martin’s residence at Thudiallur Vellakinar in Coimbatore district, his Homeopathic […]
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With a surge in technology, gambling companies have now created numerous betting apps and websites that are operated from different parts of the world with almost non-existent tax laws. Ahmedabad, in recent days, has fallen prey to many of the biggest illegal gambling operators in India running illegal betting apps and dabba trading. These operators […]
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Gaming News
A23 Games targeting Rs 1100 crore gross revenue, over 50% growth in FY24: Siddharth Sharma
The revenue from operations for FY22 of Head Digital Works (HDW), which owns A23 brand of games, saw a slight decline of 13.5% going down to Rs 721.8 crore from Rs 819.2 crore in FY21. The profit also dipped by 17.9% to Rs 17.8 crore in FY22 from Rs 21 crore in FY21, according to […]
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South Korean game development studio and publisher Krafton recently released its financial results for Q1 2023, reporting a 3% year-on-year increase in sales to $408 million. It is not surprising given the recent growth in the global gaming population. While the operating profit was down by 10% sitting at $214 million, net profit increased to […]
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Gaming News
Cyberabad SOT busts three inter-state online cricket betting rackets, seizes Rs 1.84 crore
In a major crackdown on illegal betting, the Cyberabad Special Operations Team (SOT) has busted three illegal online betting rackets spanning across several states taking bets on IPL matches. Speaking of the arrested to the media, Police Commissioner Stephen Ravindra said the first raid was conducted by SOT Shamshabad and RGIA PS team who booked […]
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Witzeal Technologies, a gaming technology company, has surpassed 35 million (3.5 crore) registered users. The brand launches new games and features every quarter which it believes has played a significant role in reaching the milestone. In the recently ended fiscal year, Witzeal has launched Ludo and CandyCash on their multi-gaming platform, Big Cash and have […]
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After four seasons, Poker Sports League (PSL) has announced its return. With a prize pool of Rs 1.5 crore, PSL 2023 is slated to host all the prominent pro-poker players and enthusiasts of India. The league is going to host a mixed bag of players, bringing variety skills, high investment biddings, significant retainers, and an […]
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Gaming News
Karnataka HC to deliver verdict in Rs 22,000 crore Gameskraft GST evasion case on May 11
The long-awaited judgement in the Rs. 22,000 crore Gameskraft GST evasion case will be pronounced tomorrow on May 11 at 2.30 pm by a single judge bench of the Karnataka High Court, comprising Justice SR Krishna Kumar. The final judgement in the case would clarify if the government’s stand to levy 28% GST on the […]
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Gaming and sports media platform Nazara Technologies saw a 21% increase in profit after tax (PAT) for FY23 along with a 75% increase in revenue and a 16% increase in EBITDA compared to FY22. Nazara released its financial performances for Q4FY23 and FY23 yesterday. The revenue rose to Rs 1091 crore in FY23 from Rs […]
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The 107 winners of different tournaments at the National Poker Series India 2023 were invited to the Night of Glory event at Novotel Aerocity in New Delhi to receive awards from retired professional boxer Mary Kom and CEO of All India Gaming Federation (AIGF) Roland Landers. The top three players of the tournament have also […]
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