The Central Board of Direct Taxes (CBDT) chairperson Nitin Gupta on Tuesday revealed that the IT department has collected Rs 600 crore in TDS from online gaming companies in the current financial year till September end. The new TDS regime took effect from April 1, 2023, after a new section 194BA was introduced to the […]
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Gaming News
Bridge is opposite of gambling, not just about luck: Asian Games silver medalist Jaggy Shivdasani
The Indian men’s Bridge team recently made history by securing a silver medal at the Hangzhou Asian Games 2022, contributing to India’s 100-plus medal tally. The team in the final consisted of Sandeep Thakral, Jaggy Shivdasani, Raju Tolani and Ajay Prabhakar Khare with Shivdasani being India’s eldest medalist at the tournament aged 65. In an […]
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ED probe reveals another subsidiary of Mahadev Book illegal betting network called Lion Book
The ongoing investigation by the Enforcement Directorate (ED) in the Mahadev Book illegal betting app case has brought to light another of its subsidiaries named ‘The Lion Book app’. It is reportedly being promoted by Hitesh Khushalani and actor Sahil Khan. A video celebrating the success of the aforementioned illegal betting app surfaced today with […]
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The overall investments across the entire gaming sector in India saw a dip of over 77% in 2023. As per Tracxn’s report, the investments stood at $94.2 million in 15 funding rounds for the said period. Notably, this is a massive drop, as the gaming startups garnered $423.2 million in over 53 funding rounds in […]
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Mahadev Book masterminds deny all allegations, name Shubham Soni as ‘principal architect’
In their first statement ever since the controversy came to light, the alleged Mahadev Book mastermind Saurabh Chandrakar and Ravi Uppal have denied all allegations against them for running an illegal betting network. As part of their statement they said that they are “wrongly accused and portrayed as masterminds of this operation”. As per Chandrakar […]
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After recent names emerging in the Mahadev Book illegal betting case, more celebrity names may be added to the Enforcement Directorate’s investigation list. This has happened after a new video of Mahadev Book-organized Thailand party surfaced on the internet. Many Bolly celebs were spotted at the party, as seen in the video. The video is […]
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Kerala state government is set to bring out an ordinance to align with the Central GST framework for online real money gaming, casinos and horse racing. The ordinance is currently before the state cabinet, as per reports. Reports further reveal that the 13 states, which have not implemented the new GST regime yet, have been […]
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GST dept’s interpretation runs counter to the 70 years of jurisprudence: GamesKraft reply in SC
Gameskraft in a filing before the Supreme Court said the GST Department construct of skill games losing relevance when played for stakes runs counter to the 70 years of jurisprudence evolved by the Supreme Court. Responding to GST Department’s appeal against Karnataka High Court decision quashing GST notice issued to GamesKraft, the Company said organising […]
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Illegal Chinese betting platform Fun88 launches ad campaigns in Mumbai, Bengaluru metros
Illegal Chinese betting website Fun88 announced today that it is launching an advertisement campaign in Mumbai and Bengaluru metros despite there being advisories issued by the government authorities against betting advertisements. The company, in its press release, states that it provides several online betting options including live casino gambling activities and sports betting, all of […]
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The upcoming polls in the state of Chhattisgarh are scheduled to take place soon. The polls will be held in a couple of phases. The first phase of the polls will be held on November 7 followed by the second phase on November 17, as per the dates announced by the Election Commission of India. […]
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