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Business Gaming

FICCI-EY Report Claims Online Gaming to Grow at 40% CAGR, Reach Rs. 18,000 Crores in 2022

A 2020 report on India’s Media & Entertainment Sector titled ‘The era of consumer A.R.T. – Acquisition Retention and Transaction,’  released by the Federation of Indian Chambers of Commerce & Industry (FICCI) and consulting firm Ernst & Young (EY) claims that online gaming grew at a rapid 40% growth rate in the year 2020 and […]

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Events

Pre-SPiCE India 2020 Webinar: A Discussion on 2019 Gaming Developments and Predictions for 2020

Eventus International hosted a special SPiCE India Webinar on 17th March 2020 to discuss the recent development in the gaming industry, hits and misses in the last year and predictions for 2020. Operators and users from all over the world joined the webinar.  The ‘Pre-SPiCE India 2020 Webinar: A Sneak Peek of 2019 Developments and […]

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Gaming

Will Karnataka’s Tourism Department Allow Casinos in the State?

The Tourism Department of Karnataka is considering opening casinos in the state to boost tourism and generate revenue for the state. The state expects to attract international tourists through its Vegas-inspired gambling haven.  As per a recent report in Deccan Herald, the state’s Tourism Minister C T Ravi spoke about various aspects of this project […]

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Gaming

Ninth On-shore Casino Gets Nod from Goan Government

The state government of Goa has given a nod to open another onshore casino in the state. As per the sources of Times of India in the Home department of Goa, this will be the ninth licensed onshore casino in the state. The said casino will occupy 300 square mt. in a five-star hotel at […]

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Legal & Regulatory

Rajasthan HC Reiterates that Dream11 is a Game of Skill

A division bench of the Rajasthan High Court in an order given last week, reiterated the earlier pronouncements of the Punjab & Haryana and Bombay High Courts that ruled fantasy sports to be games of skill and consequently falling outside the ambit of gambling/betting legislations. The division bench comprising of Chief Justice Indrajit Mohanty and […]

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Legal & Regulatory

Vijay Goel Raises Questions About Regulating Online Lotteries, Govt to Amend Rules, Introduce RNG Certification

Rajya Sabha Member of Parliament (MP) and former Minister Vijay Goel, on Wednesday, raised unstarred questions in the upper house of parliament in respect to committees formed by the government on banning or regulating lottery, recommendations made by such committees on online lottery, details of any plans of the government to formulate guidelines or regulation […]

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Gaming

Goa Minister Supports Entry of Goans in Casinos and Legalisation of Matka

Although Goa Chief Minister Pramod Sawant recently announced ban on Goans from entering casinos in the state from February 1 2020, his party colleague and State Ports Minister Michael Lobo said that Goans should be allowed to visit casinos as there is a difference between visiting a casino and gambling, as reported by The Times […]

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Business

Dream11 Likely to Raise $500 Million in a Funding Round Led by Tiger Global

Dream11, India’s first gaming unicorn, is looking at raising $500 million in a funding round that is likely to be led by Tiger Global Management, a New York-based startup investor that is actively investing in India. Tiger Global Management is likely to lead the funding round for Dream11 at a valuation of $2.5 billion, as […]

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Legal & Regulatory

Maharashtra Decides to Ban Online Lotteries

The Maharashtra government has decided to ban online lotteries of other states, as there is no way to track online sales of lotteries, which leads to loss of revenue for the state. Maharashtra’s Deputy Chief Minister and Finance Minister Ajit Pawar has decided to make this move to ban online lotteries in the state, as […]

Categories
Legal & Regulatory

Another PIL against Dream11 pending in Bombay HC

Although the Bombay High Court dismissed a petition alleging that leading fantasy sports operator Dream11 was involved in gambling and Goods and Services Tax (GST) evasion on 30th April, 2019, another PIL filed against the central and state government, Dream11 and its founder directors Harsh Jain and Bhavit Sheth has been pending since 5th April, […]