Delta Corp, India’s only listed casino operator informed the stock exchanges on 9 January that the Board has approved repurposing of a residential project located in Miramar, Panaji, Goa into a resort hotel. The project is implemented through Marvel Resorts Private Limited (MRPL), a wholly owned subsidiary of Delta. The top casino operator said the […]
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Adda52, a prominent hub for online poker in India, has announced the highly anticipated Adda52 Online Poker Series (AOPS), marking a significant milestone for the poker community. The event, set to run from January 27th to February 18th, 2024, has collected nationwide attention in previous editions, attracting participants from across India. With a staggering prize […]
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The Chhattisgarh High Court has delivered its verdict in the case involving the Mahadev App scandal. The bail plea of the accused hawala traders, Anil Dammani and Sunil Dammani, has been dismissed. Justice NK Chandravanshi presided over the court’s ruling. As reported by Zee News, prior to this, the court had kept the decision reserved […]
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As reported earlier, the Supreme Court on Monday agreed to have a final hearing of cases challenging the GST show cause notices to online money gaming companies and casinos after conclusion of hearings in 9 judge bench cases scheduled in the coming months. The order made available on Tuesday has listed 2 April 2024 as […]
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Delta Corp, India’s only listed casino & online real money gaming company, has reported a substantial decline in its consolidated net profit for the third quarter ended December 2023. The net profit plunged by 59% year-on-year (YoY), dropping from Rs 84.8 crore to Rs 34.4 crore during this period. Likewise, the company’s revenue from operations […]
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Unity, the powerhouse behind the popular game engine, has set in motion a significant reduction in its workforce, targeting about 1,800 employees, constituting a quarter of its current staff. The decision follows the ‘company reset’ initiated by interim CEO Jim Whitehurst in November, a move aimed at streamlining operations and sharpening core business functions. This […]
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In a bold move marking their step into 2024, Acer, a front-runner in tech innovation, has revealed an impressive lineup of gaming laptops assured to set new benchmarks in the gaming industry. Headlining this release are the revamped models of the Predator Helios 18 and Predator Helios 16. Alongside these, Acer introduces the new Predator […]
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The Union government has made a significant move in the ongoing dispute over the retrospective imposition of Goods and Services Tax (GST) on online gaming. On January 8, it pledged to file a petition requesting the transfer of all related cases from various high courts to the Supreme Court. During the court proceedings, Additional Solicitor […]
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The Supreme Court has taken notice of the petitions filed by Head Digital Works and Games 24/7, two prominent online gaming companies. These pleas challenge the government’s decision to retroactively impose a 28 percent Goods and Services Tax (GST) on the total value of bets placed, rather than on the gross gaming revenue. As reported […]
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