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Probe Agency Freezes Rs 523 Crore In Assets Of Gaming Firms WinZO, Gameskraft
The ED on Monday said it has frozen collective deposits worth about Rs 523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly "held" funds worth crores of rupees that should ideally have been refunded to players.
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Case Filed Against Ex-CFO Of Online Gaming Company For Diverting Funds
A case has been registered against the former Group Chief Financial Officer of an online gaming company for allegedly diverting company funds to invest in future and options trading, leading to an estimated loss of Rs 250 crore, police said
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Online Gaming Bill 2025: Real Money Gaming Platforms Reportedly Wind Down Some Online Games
The Online Gaming Bill, 2025 was recently passed by Parliament, and real money gaming platforms like Dream11 and MPL have reportedly begun to halt their RMG-related operations in the country. While users may still have access to games not requiring money deposits, thanks to the new law that prohibits online money gaming services but allowse-sports ...
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Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impacting cash flows as well as business expansion. The All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the council is unconstitutional, irrational, and...
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Probe Agency Freezes Rs 523 Crore In Assets Of Gaming Firms WinZO, Gameskraft
The ED on Monday said it has frozen collective deposits worth about Rs 523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly "held" funds worth crores of rupees that should ideally have been refunded to players.
-
Case Filed Against Ex-CFO Of Online Gaming Company For Diverting Funds
A case has been registered against the former Group Chief Financial Officer of an online gaming company for allegedly diverting company funds to invest in future and options trading, leading to an estimated loss of Rs 250 crore, police said
-
Online Gaming Bill 2025: Real Money Gaming Platforms Reportedly Wind Down Some Online Games
The Online Gaming Bill, 2025 was recently passed by Parliament, and real money gaming platforms like Dream11 and MPL have reportedly begun to halt their RMG-related operations in the country. While users may still have access to games not requiring money deposits, thanks to the new law that prohibits online money gaming services but allowse-sports ...
-
Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impacting cash flows as well as business expansion. The All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the council is unconstitutional, irrational, and...
