Sega, Japanese video game giant, is reportedly planning to acquire Rovio, producer of one of the most popular games – Angry Birds. The deal is estimated to be undergone at a price of $1 billion. According to reports from The Wall Street Journal, if negotiations go right, an agreement should be signed within the next […]
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The Indian Premier League (IPL) is one of the most popular and lucrative sports leagues in the world, attracting millions of viewers and generating billions of dollars in revenue. In recent years, fantasy games based on IPL have also gained immense popularity among fans, who can participate in online contests and win cash prizes by […]
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Illegal gambling platforms resort to identity theft to operate bank accounts, pose threat to financial stability
Illegal gambling has become a major problem in India, and it seems that some operators are resorting to identity theft to further their illicit activities. Reports indicate that these operators are using the identity cards of poor individuals to open bank accounts and transact money. In one case, illegal platform Wolf777 used PAN and AADHAR, […]
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The Tamil Nadu government this week notified the online gaming ban law for the second time. A similar law was quashed as unconstitutional by the Madras High Court. While so, the central government, earlier this week notified the long awaited online gaming rules. Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on […]
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Ambiguity around ‘wagering’ persists among online gaming stakeholders, minister believes otherwise
The amendments to the IT Rules, 2021 were released earlier this month by Rajeev Chandrasekhar, the MoS for the Ministry of Electronics and Information Technology (MeitY) with the intention to protect gamers and regulate the industry. Though the rules go a long way in ensuring safety of users on gaming platforms and are largely clear […]
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Japan’s government on April 14 approved a controversial plan to open the country’s first casino in the city of Osaka as it seeks to lure more foreign tourists. Shinzo Abe, the longest-serving Prime Minister of Japan made huge efforts to open casinos in the country. He was assassinated last year. The Parliament way back in […]
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Jet Skyesports, an esports tournament organizer in South Asia, has unveiled its latest IP – the Skyesports Masters. The company is claiming it to be India’s first-ever franchise-based esports league and also the biggest gaming tournament to date with a prize pool of Rs 2 crore. The league will feature a total of eight franchise […]
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The English top-flight football league announced yesterday that all Premier League clubs have decided to cease sporting gambling advertisements on the front of their matchday uniforms starting 2026–27 season. However, clubs will still be permitted to promote gambling brands after the cutoff date in places like shirt sleeves and LED advertising. “Premier League clubs have […]
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Terrance Watanabe was a businessman who inherited his family’s party-favor importing company, and at one point, he was listed as one of the richest people in Nebraska, USA. He became known for his high-stakes gambling in Las Vegas and had a reputation for being one of the biggest spenders in the city. In 2007, Watanabe […]
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New amendments for online gaming rules were recently released by Ministry of Electronics and Information Technology. With this release Minister of State (MoS) Rajeev Chandrasekhar clarified that any online game, be it game of skill or chance, will be barred if it contains wagering. Real money games that have prize money are permitted, while real […]
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