The Deputy Chief Officer for Bangladesh Financial Intelligence Unit (BFIU) AFM Shahinul Islam revealed that they have suspended 21,725 mobile financial services accounts. Islam quoted that the accounts have been seized for being allegedly involved in illegal online gambling and hundi activities. A majority of these accounts belonged to MFS platforms like bKash, Nagad and […]
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Deltin, a gaming, hospitality and entertainment brand, announced the 10th-anniversary celebrations of its flagship property Deltin Royale. Deltin Royale’s tenth anniversary celebrations are to take place throughout the month of October. As a part of celebrating its ten years of operations, Deltin will hold month-long events where guests from across the nation will be invited. […]
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Casual gaming startup QuriousBit has announced that the company successfully raised $2 million during its seed funding round. Notably, the round was led by gaming and interactive media venture firm Lumikai. Additionally, General Catalyst also joined the round as co-investors. QuriousBit is planning to make fun and engaging casual puzzle games on mobile devices for […]
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Goa state government has seemingly given up on Rs 1,000 crore of potential tax revenue meant to be collected in the form of GST from casinos this year as the latter are likely to contest the notices received. As a result, the state government believes that the new fiscal year will begin before the tax […]
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In a recent interview with ET NOW, technology and gaming lawyer Jay Sayta talked about the ongoing tax notice spree by the Directorate General of GST Intelligence (DGGI) to real money gaming companies as well as the 28% GST rate that will be implemented soon. Sayta explained that as per the government, there is 28% […]
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Neela Films, the producer of television show ‘Taarak Mehta Ka Ooltah Chashmah’ (TMKOC), is foraying into gaming, animation, and e-commerce with its new venture Neela Mediatech Pvt. Ltd. The company has infused Rs 24 crore along with the rights to the IP, TMKOC. With this, the company aims to diversify and extend the show’s IP. […]
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When it comes to seeking an unparalleled casino experience in the vibrant state of Goa, one name stands out as the epitome of luxury, excitement, and entertainment: Big Daddy Casino. Nestled amidst the pristine waters of the Mandovi River, this establishment has earned its reputation as the best casino in Goa. 1. World-Class Entertainment: Big […]
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Unicorn fantasy gaming operator Dream11 challenged the validity of certain provisions of GST Law before the Bombay High Court after it received a tax notice of Rs 1221 crores for the financial years 2017-18 and 2018-19. While proceedings against GamesKraft for Rs 21,000 crore tax dues were initiated by DGGI which is under the central […]
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Latest GST notices to real money gaming firms are now making noise among the industry stakeholders. One after another, the RMG industry is being bombarded with problems. Founder of online fantasy gaming platforms CrickPe, Ashneer Grover also shared his views and disappointment on the matter. Taking his views on ‘X’, Grover questioned the thorough process […]
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The Ministry of Information and Technology (MeitY) may consider dissolving its plan to establish self-regulatory bodies (SRBs) to oversee the online gaming sector if major companies gain influential positions within them, resulting in lack of independent decision-making. Reports suggest that in such a case the government itself will certify permissible games. As of now, a […]
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