28% GST on online gaming, casinos, horse racing will result in revenue growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman stated today that the 28% GST on full face value on online gaming, casinos and horse racing will lead to higher revenue. The Finance Minister was replying to a host of questions asked in the Rajya Sabha by Retired Lt. General and BJP member D.P. Vats relating to GST levy on […]
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Report: Govt to issue ordinance imposing 28% GST on online gaming

With the finalization of new GST rate for online gaming, casino and horse racing, the central government may soon issue an ordinance to enforce the newly implemented 28% GST. Finance Minister Nirmala Sitharaman, during the 51st GST council meeting, announced that the new law is expected to take effect starting October 1. Since the parliament […]
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Australia: VGCCC bans betting on minors in sports competitions

The Victorian Gambling and Casino Control Commission (VGCCC) has finally put an end to sports betting on competitions comprising players under the age of 19 or where all of them are minors. Betting on a particular athlete under the age of 18 and their performance, bets on specific events like first goal or first to […]
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TN: Madras HC adjourns the matter on petition by online gaming cos; next hearing on August 14

Senior counsel Kapil Sibal, representing the state of Tamil Nadu at Madras High Court (HC), has put forward new arguments on the petition filed by online gaming companies against the state banning online gaming. In the latest hearing on the matter, Sibal has contented the claims of online gaming firms on three important points. These […]
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Acer Aspire 5: The best budget RTX gaming laptop on sale

Having an all-rounder PC is a dream for many people and while building one can be a daunting task, not to mention the limitation of not able to take it everywhere, a simple solution for that is getting a good laptop device. A gaming laptop will not only provide better entertainment and productivity, regular work […]
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Goa: Mahadev Book operators kidnap youth, demand Rs 20 lakh as ransom

Another case of kidnapping has surfaced after an individual was taken to Goa as hostage by people linked with Mahadev Book betting app. Reportedly, the kidnappers and Mahadev Book operators have asked Rs 20 lakh in ransom from the youth’s family. Durg police have already started investigating the case. According to the superintendent of police […]
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India qualifiers of Valorant student tournament Red Bull Campus Clutch begins today

The India qualifiers of the third edition of Red Bull Campus Clutch, a Valorant tournament for college and university students, begins today. The tournament is played in an open format where players can form teams and compete to get a chance to play at the grand finals in Istanbul which is scheduled to take place […]
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Breaking: Delta Corp’s longtime CFO resigns for new professional opportunity

Delta Corp Limited, the country’s only listed casino operator today announced the resignation of its longtime Chief Financial Officer (CFO) Hardik Dhebar. Dhebar has been the face of the Company attending investor calls on quarterly basis and is designated as a Key Managerial Person alongside Company Secretary Dilip Vaidya. In a stock exchange filing, the […]
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Goa: Fire breaks out at entrance of Big Daddy Casino

A fire broke out at the entrance of ‘Big Daddy Casino’ around 5pm yesterday when the vessel was docked on the banks of Mandovi river in Panaji. According to a report by Dainik Gomantak, the team onboard was able to bring the fire under control in time avoiding any form of major damage. The staff […]
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How much amount will be left to play online games with under new GST rules? Read more to know

The GST Council, in its 51st meeting on August 2, announced that the tax rate on online real money gaming will remain at 28% on full face value and it will be valued on initial deposits. Earlier, the online gaming companies were paying GST at 18% on gross gaming revenue (GGR). What this now means […]
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