Smartphone brand TECNO Mobile has joined forces with esports tournament organizer Skyesports as the title sponsor for the Skyesports Champions Series (SCS). The 10-day Battlegrounds Mobile India (BGMI) tournament features one of the best Indian esports teams vying for glory and a share of the Rs. 25 lakh prize pool. The SCS pits the esports […]
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As reported last week, the revenue department will in all likelihood file an appeal directly to the Supreme Court against the single-bench ruling of the Karnataka High Court that had quashed the Rs. 21,000 crore Goods and Services Tax (GST) showcause notice issued to Gameskraft Technologies Private Limited. It may be noted that by an […]
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According to a senior government official, the upcoming GST Council meeting is likely to discuss the Group of Ministers’ (GoM) report and decide on the tax rate for online gaming along with considering defining it. “A clarification in the tax law will be enough. Definition is important for taxability. A distinction will have to be […]
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Online gaming platform WinZO has reported that the company crossed 40 billion micro transactions in FY23 and estimates it will cross 55 billion in FY24. Micro transactions are usually carried out in free-to-play games for in-game purchases. They can take many forms including game characters, battle/season pass, cosmetics, etc. and can range from tens of […]
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Casual gaming studio HighXP has raised $2.2 million in seed funding led by 3one4 Capital along with Prime Venture Partners and Gemba Capital. The company also saw the participation of several big names in the gaming industry, like Co-Founder COO Junglee Games, Rahul Bhardwaj and CEO of Jetsynthesys, Anuj Tandon. According to an official release, […]
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BinaryX announced their plans to expand into Virtual Reality (VR) and Artificial Intelligence Generated Content (AIGC) on Tuesday, June 13. Building upon their GameFi expertise, BinaryX has reportedly entered into agreements with their VR and AIGC partners, AiGC Labs, to develop a groundbreaking new GameFi genre of AI-based VR games. According to the team, BinaryX […]
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Former chairperson of Central Board of Indirect Taxes and Customs (CBIC) John Joseph expressed his views on the GST rate for online games recently, saying that the GST Council and CBIC need to differentiate between skill-based and chance-based online games before coming up with a new tax rate. The next GST Council meeting is expected […]
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A native of Jaspur town in Odisha, Sahajan Mohammad who recently won a lottery in Abu Dhabi has pledged to donate a portion of his winnings to the Odisha train accident victims. Mohammad, who worked as a chef at a hotel in Abu Dhabi, recently won Dh 20,000 (Rs 4,48,885) in Dream Island’s scratch-card lottery. […]
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Celebrities and online influencers are continuing to promote banned betting website Lotus365 on Instagram. This time it is actresses Sreemukhi and Esther Anil with the former having previous connections with the illegal betting website as well. Sreemukhi has nearly five million followers on Instagram. In her latest video, she tries to entice people by saying […]
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Boat cruise operators have addressed a letter to the state disaster management authority (SDMA), stating that despite the Captain of Ports (CoP) issuing warning regarding bad weather, small vessels in Mandovi river are still operating and taking passengers to floating casinos. A high wave alert was recently issued by the SDMA, advising all small vessels […]
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