Sporta Technologies, the operator of fantasy sports platform on Tuesday filed an appeal in the National Company Law Appellate Tribunal (NCLAT), Delhi against the National Company Law Tribunal (NCLT) Mumbai order admitting an insolvency petition against the unicorn money gaming platform. NCLT appointed Madan Bajrang Lal Vaishnawa as the interim resolution professional to conduct the […]
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To expand revenue streams, X, led by CEO Linda Yaccarino, has entered into a partnership with leading sports betting platform BetMGM. The announcement, made by Yaccarino on Friday, heralds the integration of sports betting services directly into the X platform, offering users an enhanced interactive experience. Yaccarino expressed enthusiasm for the partnership, emphasizing the aim […]
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The National Company Law Tribunal (NCLT) in Mumbai has admitted an insolvency plea against Sporta Technologies, the parent company of the popular fantasy sports platform Dream 11, owing a debt exceeding Rs. 7 crores. The decision, made on February 9, came in response to a petition filed by Piyush Jani, representing Reward Solutions Pvt Ltd, […]
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Gaming News
Goa government collects Rs. 820 crore revenue from casinos, no plans to shut down despite controversies
Goa and its casinos have been a combination for several years now, with the capital Panaji situated along the Mandovi River, drawing the attention of tourists visiting these casinos. Disputes have arisen over the years regarding the operation of these casinos, with demands for some to be shut down. Allegations have also been made that […]
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Understanding Hand Rankings and Odds Mastering online poker begins with a solid grasp of hand rankings and odds. Before diving into complex strategies, ensure you’re clear on which hands beat others. This knowledge is the foundation of your decision-making process. Additionally, understanding the odds is crucial. It’s not just about the hand you’re holding but […]
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The National Basketball Association (NBA) and the Women’s National Basketball Association (WNBA) have announced a significant multiyear extension of their collaboration with the fantasy sports giant Dream11, aimed at enhancing the presence of basketball in India. Under this renewed partnership, Dream11 will continue its role as the official fantasy gaming partner of both the NBA […]
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Gaming News
Study reveals concerns over celebrity endorsements leading children to view gambling as normal and attractive
A recent study funded by the Australian Research Council has uncovered alarming insights into how children as young as 12 perceive celebrity endorsements of gambling. The Guardian reported about this research conducted by Deakin, Wollongong, and Curtin universities, children expressed beliefs that celebrities and influencers paid to promote gambling make the activity appear safe, normal, […]
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The Goa State Commission for Protection of Child Rights (GSCPCR) has issued a stern warning regarding the escalating incidents of cyberbullying, sexual exploitation, and harassment targeting minors within online gaming communities. According to a report by O Herald, GSCPCR Chairperson Peter F Borges highlighted these alarming trends at the recent National Conference on Child Rights […]
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The Indian government is set to take charge as the primary regulator for the online gaming industry, discarding plans for an industry-led self-regulatory organization (SRO). Indian Express reported that the officials from the Ministry of Electronics and Information Technology (MeitY) announced that they will develop a framework for authorizing and certifying online games involving monetary […]
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Gambling in Iran faces strict prohibitions rooted in Islamic law, which considers games of chance incompatible with religious principles. This prohibition extends to both traditional casinos and online gambling activities. The legal stance on gambling in Iran reflects the country’s commitment to Islamic values and societal norms. Islamic law, as interpreted in Iran, views gambling […]
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