Tax authorities in filings before the Supreme Court have claimed that GamesKraft cannot cite hardships to avoid tax payment of Rs 21,000 crores. The authorities have relied on past precedents in tax laws to support this argument. In a rejoinder response running into several pages, the department said the Varun Gumber case had no connection […]
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Australia: The Lottery Corporation asks for exemption from ban on credit card use for gambling
Australian operator The Lottery Corporation has requested to be exempted from the upcoming credit card use ban for gambling which was enacted last month. Sue van der Merwe, CEO of The Lottery Corporation, put out the request before the senate. Van der Merwe argued that lotteries, in general, have very low harm potential compared to […]
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Asian Games 2022: Indian men’s bridge team defeats China in semis, to meet Hong Kong in final
Indian men’s team competing in the bridge competition at Hangzhou Asian Games 2022 defeated their Chinese counterparts in the semi-final on Wednesday, securing their place in the Gold Medal match to be held today. The match was intense with India starting slow at the beginning and facing defeat in the first round with a scoreline […]
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After Ranbir Kapoor, Bollywood actress Shraddha Kapoor has now been issued a summon notice by the Enforcement Directorate (ED) in connection with Mahadev Book illegal betting app case. While Ranbir has asked for a two-week time period, Shraddha is expected to appear before ED today. These two are not the only celebrities who have been […]
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Bollywood actor Ranbir Kapoor has asked for two weeks’ time to appear before the Enforcement Directorate (ED) in connection with Mahadev Book illegal betting app promotions. Ranbir was asked to appear today at the ED’s Raipur office but sought additional time on Thursday, October 5. Not only Ranbir, the ED plans on summoning 15-20 more […]
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The Enforcement Directorate (ED) has now sent a summon notice to a few more celebrities namely, comedian Kapil Sharma and actors Huma Qureshi and Hina Khan. This action is part of the ED’s plans to question more celebrities connected to Mahadev Book illegal betting app syndicate – be it through its promotions or attending mastermind […]
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The online real money gaming industry has been in a state of turmoil with the recent changes recommended by the Goods and Services Tax (GST) Council recommending 28% GST on every deposit, that has been implemented by the central government from 1st October, 2023, despite fervent pleas by the industry to defer or reconsider the […]
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Fantasy sports platform Dream11 recently acquired Sixer, a fantasy stock trading platform founded back in 2018. The game uses players as stock and their performance as a determiner of their price. Thus, the players have to predict and build a team accordingly. The operator of Sixer, Oyster Soft India, has entered a business transfer agreement […]
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ED to interrogate Ranbir Kapoor, summon celebs for attending Mahadev Book owner’s wedding
Mahadev Book is undoubtedly the biggest illegal betting network in India with numerous platforms under its belt. Despite multiple arrest of Mahadev Book operatives in Chhattisgarh and some other states, the illegitimate operations remained active. This prompted the Enforcement Directorate (ED) to take over and further escalate the investigation. Later, ED arrested a few small […]
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Social gaming company WinZO Games is set to launch its platform in Brazil with an investment of $25 million as part of the company’s global expansion plans. Talking about the move, co-founder of WinZO Games, Saumya Singh Rathore, said, “Brazil is a very interesting market. Almost 98% of the local population actually consumes in Portuguese. […]
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