In its latest move to boost international presence, gaming and esports media firm Nodwin Gaming’s Singapore division has acquired a 100% stake in game marketing agency Publishme from parent company Nazara Technologies and co-founder Ozgur Ozalp. The revelation was done via a recent stock market filing, indicating that Nodwin Gaming’s Singapore subsidiary is acquiring 82.81 […]
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The industry body for fantasy sports, Federation of Indian Fantasy Sports (FIFS), has requested the government not to impose 28% GST on the online gaming industry with retrospective effect as it is driving away potential investors. While the companies have accepted the 28% GST rate on full face value on initial deposits the bone of […]
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Gaming News
Karnataka GST authorities write to 161 online gaming firms asking them to comply with new rate
Within a week of notifying an ordinance to implement 28% GST on online gaming, casinos, horse racing, Karnataka GST authorities have written to 161 online gaming firms asking them to comply with the new GST policy and file returns accordingly. “We have done this to be doubly sure that they collect taxes as per the […]
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Gaming News
Australia: AUSTRAC restricts online sports betting firms to take wagers from unverified users
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has now restricted online sports betting firms from taking wagers from unverified users. The decision has been taken under the latest drive to enhance anti-money laundering (AML) measures. As per the new rules, betting operators will now require pre-verification of all online gamblers. Non-complying customers will be […]
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The Enforcement Directorate (ED) has summoned Bollywood actor Ranbir Kapoor for promoting an illegal betting app. The app in question is Fairplay, which is one of the apps under Mahadev Book’s international betting network. Mahadev Book is considered as the biggest illegal betting network in India. The ED has been investigating the case since a […]
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Gaming News
Nagpur: Police make Sontu Jain’s brother co-accused in Rs 58 crore illegal betting app fraud case
Nagpur police have claimed involvement of illegal online betting operator Sontu Jain’s elder brother Dheeraj in the recent Rs 58 crore fraud case. Sontu, who is currently on the run from police, allegedly worked with Dheeraj who used to launder money on his behalf. The latter has been made co-accused in the case now. Dheeraj […]
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Fantasy gaming platform Dream11 has launched a new campaign with Rohit Sharma and Rishabh Pant ahead of the ODI World Cup. The move aims to excite cricket fans interested in online gaming. Dream11 is also the lead sponsor for the Indian cricket team, a deal that began a few months back. Cricketer and captain of […]
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Developers of many big gaming IPs, Krafton launched Krafton India Gaming Incubator (KIGI) to help talented developers in the country. The KIGI program will help the innovative gaming developers to hone their skills. The program also promises to guide and help the developers financially in order to expand the gaming ecosystem. Under the program, Krafton […]
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The Directorate General of GST Intelligence (DGGI) has now sent the biggest-ever tax notice to fantasy sports platform Dream11. The requested amount is a whopping 28,000 crore, breaking the previous record tax notice of Rs 21,000 crore to Gameskraft in 2022. However, Maharashtra state GST audit authorities asked for Rs 18,000 crore in taxes previously. […]
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Gaming News
Mahadev Book: CM Baghel’s political advisor Vinod Verma calls betting allegations as ‘politically motivated’
Political advisor for Chhattisgarh CM Bhupesh Baghel, Vinod Verma has been recently under the Enforcement Directorate’s radar for being allegedly involved in Mahadev Book illegal betting racket. Verma however has denied any connections with the illegal betting network. A police official, ASI Chandrabhushan Verma, is currently under arrest for taking bribes from Mahadev Book operators. […]
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