Online gaming industry leaders including the Federation of Indian Fantasy Sports (FIFS), the E-Gaming Federation (EGF), and the All India Gaming Federation (AIGF) have signed the “Code of Ethics for Online Gaming Industries” during the Indian Gaming Convention (IGC) hosted by the Internet and Mobile Association of India (IAMAI) on December 5. As part of […]
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Gaming News
Gaming News
Police suspect suicide after Mahadev Book’s alleged ‘cash courier’ Aseem Das’ father found dead
Enforcement Directorate (ED) recently arrested Aseem Das, who was allegedly a cash courier for illegal operatives of Mahadev Book. In the latest turn of events, Aseem’s father, Sushil, has reportedly committed suicide. Sushil worked as a security guard for a private company and had gone missing since Sunday, December 3. Later, the 62-year-old was found […]
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All India Gaming Federation (AIGF), the apex industry body for online gaming in India announces a strategic partnership with Neokred Technologies, a leading Embedded Beyond Banking as a service solutions provider to introduce a groundbreaking initiative the “Game Bureau.” This revolutionary platform has been launched in a quest to enhance onboarding, fraud prevention, user insights […]
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Gaming News
Online gaming industry proposes three-tier regulatory mechanism; oversight committee for SRBs
The notification of the amendments to online gaming rules included the plan to establish self-regulatory bodies (SRBs) by July of this year. However, they are yet to be formed and the online gaming companies are hopeful to get clarity on the situation soon. Interestingly, the Centre is re-evaluating its plan of notifying SRBs for the […]
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A report by Ernst and Young (EY) on the Indian online gaming sector revealed that the number of gamers in India has now reached 42.5 crore, second only to China. The report states that the industry holds the potential to boost Foreign Direct Investment (FDI) inflows, employment, and investments in various sectors. The online gaming […]
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The Ministry of Finance informed Parliament today that not even a single offshore gambling and betting website has taken registration and starting paying 28% Goods and Services Tax (GST) on deposits, as mandated under the Integrated Goods and Services Tax (IGST) Act, 2017. Union Minister of State for Finance Pankaj Chaudhary, while replying to an […]
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Lately, the Directorate General of GST Intelligence (DGGI) has been on a roll, issuing tax evasion notices to several real-money gaming (RMG) companies. This has become more common, especially after the Hon’ble Supreme Court put a stay on Karnataka HC’s verdict on Gameskraft’s Rs 21,000 crore notice. Aggregatively, the amount of notices served to 71 […]
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Go Nisha Go, a mobile game designed with and for adolescent girls in India, was named “Best Serious Game” at the Gala2023 Serious Games competition in Dublin, Ireland. Led by Howard Delafield International (HDI), it was created by the USAID-funded Game of Choice, Not Chance direct-to-consumer initiative giving players access to vital resources, products, and […]
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Online gaming firm Gameskraft recently revealed its annual results for financial year 2022-23. The results showed a quarter-fold increase in operational revenue, which stood at Rs 2,622 crores. There was a 24.8% increase in revenue, as the previous period reported Rs 2,133 crores. The expenditures, on the other hand, had a negative impact, as they […]
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Rockstar Games has released the trailer for Grand Theft Auto (GTA) 6, giving us a glimpse of what is to come with the latest instalment in the franchise. The initial release was planned for December 5, 9am E.T (7.30pm IST). However, due to leaks, Rockstar Games decided to release the trailer early. The trailer revealed […]
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