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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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IT Minister Ashwini Vaishnaw Said to Have Met Real Money Gaming Firms to Discuss Transition After Ban
IT Minister Ashwini Vaishnaw and government officials reportedly met representatives from firms impacted by the new Online Gaming Bill on Monday. The minister held discussions with the firms over "orderly transition" and compliance with the ban on real money games.
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Online Money Games Ban Faces First Legal Challenge From Rummy, Poker Games Firm A23
In a court filing at the High Court of Karnataka in southwestern India, A23, which offers rummy and poker games, said the law "criminalises the legitimate business of playing online games of skill, which would result in the closure of various gaming companies overnight".
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India Faces First Legal Challenge Against Online Money Games Ban: Report
Gaming company A23 has challenged the government's ban on online money-based games, a legal filing shows, in the first case against a law that led to the sudden shutdown of popular contests and has thrown the industry's future into doubt.
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Indian Game Developers and Publishers Announce Industry Body After Parliament Passes Online Gaming Bill
A number of Indian game developers and publishers announced an independent industry body on Tuesday. The Indian Game Publishers and Developers Association, launched after the Online Gaming Bill was passed in the Parliament, is also seeking a partnership with the Government of Maharashtra.
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Exclusive: Big Names In Queue For Team India's Title Sponsorship Ahead Of Asia Cup 2025 - Sources
Two companies have shown interest in becoming Indian cricket team's title sponsor following Dream11's exit, a source revealed.
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How Tobacco Companies Are Using Gaming, Metaverse And NFTs To Target Young Smokers
A new report warns that tobacco and vape companies are exploiting the metaverse to target young people through digital tokens and game sponsorships.
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Nintendo Sees Overwhelming Demand for Switch 2 in Japan
Nintendo said it sees overwhelming demand for its upcoming Switch 2 game console in Japan. The Kyoto-based company introduced a lottery system to deal with high demand in its domestic market, putting a priority on customers who played frequently and made online subscription purchases on the original Switch.
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Infinix GT 30 Pro Key Features Surface Online; Tipped to Get Gaming Trigger Buttons
Infinix GT 30 Pro may launch soon as a successor to the Infinix GT 20 Pro. The company has yet to confirm the model but the expected key features of the purported handset have surfaced online. The RAM and storage options of the smartphone, as well as the display chipset, camera, battery and charging details have been leaked.
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Ubisoft Announces Rainbow Siege X, a 'New Era' of Rainbow Six Siege
Rainbow Six Siege, Ubisoft’s online tactical shooter, is set to get a makeover. The company announced a “new era” of Siege with Rainbow Six Siege X Monday, promising major changes to gameplay in an upcoming update.
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Supreme Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
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Nintendo Switch 2 Joy-Cons Design Spotted in Leaked Images Ahead of Anticipated Debut
Nintendo Switch 2 is expected to launch in the coming months, but leaked images of the console have already surfaced online, showing us what to expect from the console. A Reddit user has now leaked images of the new Joy-Cons, hinting at a more refined design for the upcoming handheld console.
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Lenovo Legion Tab Price in India, Specifications Revealed; Pre-Orders Go Live on Flipkart
Lenovo Legion Tab is now available for pre-orders in India. The company had previously confirmed the India launch of the gaming tablet. It was initially unveiled in March this year in select markets in the EMEA (Europe, the Middle East, and Africa) region. The online listing of the tablet in India has revealed its price in the country.
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Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre
A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.
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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
-
IT Minister Ashwini Vaishnaw Said to Have Met Real Money Gaming Firms to Discuss Transition After Ban
IT Minister Ashwini Vaishnaw and government officials reportedly met representatives from firms impacted by the new Online Gaming Bill on Monday. The minister held discussions with the firms over "orderly transition" and compliance with the ban on real money games.
-
Online Money Games Ban Faces First Legal Challenge From Rummy, Poker Games Firm A23
In a court filing at the High Court of Karnataka in southwestern India, A23, which offers rummy and poker games, said the law "criminalises the legitimate business of playing online games of skill, which would result in the closure of various gaming companies overnight".
-
India Faces First Legal Challenge Against Online Money Games Ban: Report
Gaming company A23 has challenged the government's ban on online money-based games, a legal filing shows, in the first case against a law that led to the sudden shutdown of popular contests and has thrown the industry's future into doubt.
-
Indian Game Developers and Publishers Announce Industry Body After Parliament Passes Online Gaming Bill
A number of Indian game developers and publishers announced an independent industry body on Tuesday. The Indian Game Publishers and Developers Association, launched after the Online Gaming Bill was passed in the Parliament, is also seeking a partnership with the Government of Maharashtra.
-
Exclusive: Big Names In Queue For Team India's Title Sponsorship Ahead Of Asia Cup 2025 - Sources
Two companies have shown interest in becoming Indian cricket team's title sponsor following Dream11's exit, a source revealed.
-
How Tobacco Companies Are Using Gaming, Metaverse And NFTs To Target Young Smokers
A new report warns that tobacco and vape companies are exploiting the metaverse to target young people through digital tokens and game sponsorships.
-
Nintendo Sees Overwhelming Demand for Switch 2 in Japan
Nintendo said it sees overwhelming demand for its upcoming Switch 2 game console in Japan. The Kyoto-based company introduced a lottery system to deal with high demand in its domestic market, putting a priority on customers who played frequently and made online subscription purchases on the original Switch.
-
Infinix GT 30 Pro Key Features Surface Online; Tipped to Get Gaming Trigger Buttons
Infinix GT 30 Pro may launch soon as a successor to the Infinix GT 20 Pro. The company has yet to confirm the model but the expected key features of the purported handset have surfaced online. The RAM and storage options of the smartphone, as well as the display chipset, camera, battery and charging details have been leaked.
-
Ubisoft Announces Rainbow Siege X, a 'New Era' of Rainbow Six Siege
Rainbow Six Siege, Ubisoft’s online tactical shooter, is set to get a makeover. The company announced a “new era” of Siege with Rainbow Six Siege X Monday, promising major changes to gameplay in an upcoming update.
-
Supreme Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
-
Nintendo Switch 2 Joy-Cons Design Spotted in Leaked Images Ahead of Anticipated Debut
Nintendo Switch 2 is expected to launch in the coming months, but leaked images of the console have already surfaced online, showing us what to expect from the console. A Reddit user has now leaked images of the new Joy-Cons, hinting at a more refined design for the upcoming handheld console.
-
Lenovo Legion Tab Price in India, Specifications Revealed; Pre-Orders Go Live on Flipkart
Lenovo Legion Tab is now available for pre-orders in India. The company had previously confirmed the India launch of the gaming tablet. It was initially unveiled in March this year in select markets in the EMEA (Europe, the Middle East, and Africa) region. The online listing of the tablet in India has revealed its price in the country.
-
Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre
A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.
