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Business Legal & Regulatory

Online lottery distributor Playwin defaults on Loan Repayments, Insolvency Petition filed

Essel Group promoted Pan India Network Limited, which distributes online lotteries of various state governments under the ‘Playwin’ brand has defaulted on payment of various dues and loans of operational creditors. As per the order of the Mumbai bench of the National Company Law Tribunal (NCLT), Pan India Network has defaulted on loans exceeding Rs. […]

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Business Gaming

Paytm First Games Stats for 2019: 45 Ml. Users, 485.16 Cr of Winnings and More

Paytm First Games (earlier known as Gamepind) recently released a report called Gamestats 2019, which reported various stats about their gaming app’s performance in the previous year. As per the report, 45 million users registered on Paytm First Games app in 2019. The platform hosts around 200 games. The biggest amount won by a single […]

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Gaming

Fantasy Sports are Strategy and Skill Dominant as per IIMB-Cartesian Study Findings

A recent study by the Indian Institute of Management, Bangalore (IIM-B) and Cartesian Consulting Pvt. Ltd. has concluded that fantasy sports players use strategic and skill-dominant techniques rather than relying on chance to play fantasy sports. The study, titled ‘Fantasy Sports: A Game of Skill or Chance’, was led by Dr. U Dinesh Kumar, Professor, […]

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Legal & Regulatory

One SLP against Dream11’s Bombay HC order dismissed, 2 more pending in SC

Three Special Leave Petitions (SLPs) have been filed in the Supreme Court against the April 2019 order of the Bombay High Court holding Dream11 to be a game of skill and approving the company’s manner of payment of Goods and Services Tax (GST). Through its order, the division bench of the Bombay High Court comprising […]

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Events Poker

AIGF organises knowledge session about the poker industry

Industry body All India Gaming Federation (AIGF) kick started the second edition of the ‘Pro Series’ last week, by hosting a knowledge session with international poker operator – PokerStars in Mumbai. The knowledge session highlighted topics like developments in the poker industry, the legal landscape of Poker in India, the importance of self-regulation, responsible gaming and growth […]

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Gaming

Winzo Games launches 10 new games on its platform

Ahead of Diwali, real money skill gaming platform Winzo Games has announced the addition of 10 new arcade games like metro surfer, stupid birds, car racing, space hunter, bear run, howzzat, fly balloon and rummy on its platform, taking the total number of games available on the app to over 40. The company also launched […]

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Business

Delta Corp quarterly profit sees 22% y-o-y growth

India’s only listed casino and online gaming company Delta Corp Limited, announced its quarterly results for the period July-September 2019 yesterday. The casino company reported a total revenue (including GST) of Rs. 252.76 crores against a revenue of Rs. 236.78 crores for the last quarter and Rs. 254.13 crores for the September 2018 quarter. Delta […]

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Legal & Regulatory

Gaming loot boxes: Understanding their legality and impact on the online gaming industry

This is a guest post by Sarthak Doshi, an Associate working at Ikigai Law, a Delhi-based legal and policy firm. Digital gaming in the 21st century has been all about interactivity and in-game experience. Gone are the days when a schoolkid would buy a copy of GTA Vice-City and complete the entire game in a […]

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Gaming

Feature: Nostragamus CEO Yashashvi Takallapalli discusses growth in prediction-based fantasy gaming

Around two years ago, IIT Madras and IIM Calcutta graduate Yashashvi Takallapalli along with his three other friends decided to start Nostragamus, a new and untested version of fantasy sports, that was different from draft-based fantasy. In less than three years, Takallapalli and his team have turned Nostragamus into the biggest prediction gaming app in […]

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Poker

PokerHigh announces Justice Mudgal poker tournament for lawyers

Online poker website PokerHigh is organising a unique tournament for lawyers, in-house counsels, law students and interns, which is supported by Mukul Mudgal, retired Chief Justice of the Punjab and Haryana High Court. Mudgal, who is currently the head of the FIFA Governance and Review Committee and had earlier led the spot-fixing probe in the […]