The National Company Law Appellate Tribunal (NCLAT) has granted relief to Sporta Technologies, the parent company of the fantasy gaming platform Dream11, by setting aside the corporate insolvency resolution process (CIRP) initiated against it. This decision comes as a result of rejecting a petition by Reward Solutions, a move that restores Sporta Technologies to its […]
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Gaming News
Roland Landers, CEO of the All India Gaming Federation (AIGF), has urged the government of India to regulate offshore betting and gambling platforms. Landers emphasized the need for models like the Self-Regulatory Organisation (SRO) to be swiftly implemented to address this issue, reported Devdiscourse. He highlighted the impact of offshore companies and stated that these […]
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The Directorate of Sports and Youth Services of the Government of Maharashtra has awarded a prize of Rs. 10 lakhs to each Esports athlete representing India in the Asian Games 2022, held in Hangzhou, reported IndianTelevision. This move marks a shift for Indian Esports, with Maharashtra becoming the first state to include Esports alongside traditional […]
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OneVerse Gaming, a player in the metaverse and gaming technology sector, announced its acquisition of the online poker platform PokerSaint on Thursday. This marks the fourth acquisition by OneVerse in its ongoing expansion efforts within the gaming industry. As reported by Investing.com, the undisclosed transaction underscores OneVerse’s commitment to its market position and diversifying its […]
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Gaming News
Circle of Games secures $1M investment from Nazara Technologies and The Hashgraph Association
Circle of Games, a Web3 multi-gaming platform, has raised $1 million in funding from investors Nazara Technologies and The Hashgraph Association, it announced on 17th April. signalling a resurgence in the Web3 gaming sector. Money Control mentioned that according to an exchange filing by Nazara Technologies, the company is investing up to $500,000 in Circle […]
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LightFury Games, a gaming startup managed by industry veterans, has secured an investment of $8.5 million in a seed funding round led by well-known investors including Blume Ventures, Mixi Inc, and Gemba Capital. The funding round also saw participation from investors such as Kunal Shah and Gaurav Munjal, highlighting the growing interest in the Indian […]
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The Anti-Extortion Squad (unit I) of Pune Police’s crime branch captured 10 individuals suspected to be part of an international betting syndicate involved in online betting on ongoing IPL matches. The raid, conducted in the Bhusari colony area of Kothrud at 9:30 pm on Saturday 13th April, led to the seizure of goods valued at […]
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Former Chief Minister of Chhattisgarh, Bhupesh Baghel, raised questions about the central government regarding the Mahadev app. Contesting elections from the Rajnandgaon Lok Sabha constituency in Chhattisgarh, when questioned about his alleged involvement in the Mahadev app case, he reacted strongly, reported IndiaTV. He questioned the central government, asking how much money has been involved […]
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Gaming News
Extensive online gambling network exposed in Durg-Bhilai district as police conduct raid
In a crackdown against online gambling activities, police in the Supela, Newai, and Padmanabhpur areas of Durg-Bhilai district have taken necessary actions. On Sunday, the Supela police apprehended two individuals operating the Mahadev app’s panel near a hookah bar. Similarly, the Newai police caught two suspects engaged in online gambling while driving around in a […]
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NODWIN Gaming has announced a partnership with the Global Esports Federation (GEF), designating the South Asia-based company as the Portfolio Management Company (PMC) for emerging markets. As reported by Storyboard 18, in the partnership, NODWIN Gaming takes on the main job of managing areas in South and Central Asia, Africa, the Middle East, and some […]
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