Gaming News

State representative on the GST council and Goa Transport Minister Mauvin Godinho believes that the tax hike on casinos would harm the sector moving forward and called it “a negative factor for the industry.” Goa was already in support of taxation on gross gaming revenue (GGR) and not on full face value. Godinho said that […]
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The online gaming industry was dealt a heavy blow yesterday after the GST Council announced 28% tax rate on full face value amount. Entrepreneur Ashneer Grover of Shark Tank fame, who recently stepped into the fantasy sports space with his venture CrickPe, shared his frustration on the development. Much like others, Grover, through his Tweet, […]
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Starlight Gaming, a company of Softstar Entertainment Inc., launched their Battle Royale game, “Raider SIX,” with a media launch event on July 11 at the Four Seasons Hotel, Worli, Mumbai. Well-known gamers and bloggers were invited for the event to witness Raider SIX’s formal debut. The event witnessed a gathering of more than 100 esteemed […]
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Microsoft won the legal battle against the Federal Trade Commission’s (FTC) preliminary injunction against its $69 billion acquisition of gaming giant Activision Blizzard. With this win, the company can move forward with its acquisition of Activision. While the larger case is still underway, the current win has raised hope for the company. The injunction was […]
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Noida-based not-for-profit organization Social Organization for Creating Humanity (SOCH) has addressed a letter to Prime Minister Narendra Modi regarding the issue of widespread presence of illegal betting and gambling websites. The letter highlights the rapidly growing trend of online gaming adoption among young people and how access to smartphones and internet has had them addicted […]
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India’s only listed hospitality and gaming company, Delta Corp, saw a drop in its share price after yesterday’s decision by the GST Council to levy a 28% tax on online gaming, casinos and horse racing at full face value. Delta Corp currently operates as Deltin and has three casinos in Goa – Deltin Royale, Deltin […]
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The decision by the GST Council to tax online gaming at 28% on full face value amount has shaken the industry. Nazara Technologies, in a statement this morning, has tried to allay the fears of investors and market participants, stating that the changes in taxation will have minimal effect on the company. The company has […]
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