Categories
Business

Naspers to invest $100 million in Dream11 at a whopping $2.5 billion valuation

South African tech behemoth Naspers is looking to invest $100 million in Dream11 at a $2.5 billion valuation according to a report in Mint. According to the report, the transaction is expected to be a secondary one with Naspers looking to partially buy shares of existing investors Kalaari Capital, Think Investments and Multiples Alternate Asset […]

Categories
Poker

India’s Abhinav Iyer wins WSOP 2019 Bracelet

The biggest poker tournament in the world, the World Series of Poker (WSOP) hosted its 50th Annual Event from  28th May to 16th July 2019, with the event bringing a bracelet winner for an Indian for the third consecutive year.  The WSOP 2019 tournament was attended by many Indian players, who earned a total of […]

Categories
Gaming

MPL announces Chess Mahayudh, India’s biggest chess tournament, Viswanathan Anand endorses event

Leading esports and digital gaming platform Mobile Premier League (MPL) announced the launch of India’s biggest chess tournament on its platform, christened as ‘MPL Chess Mahayudh’. The 12-hour long online tournament, to be conducted on 21s July, will follow the speed chess format (with total of 3 minutes given to a player in a particular […]

Categories
Events

Eventus International announces third edition of SPiCE from 25-27 March 2020

After the successful culmination of the second edition of the Strategic Partnership for iGaming Conference & Exhibition (SPiCE) in Goa in February this year, Hong Kong-based events specialist, Eventus International has announced that the third edition of SPiCE will be held from 25th-27th March, 2020 at the Goa Marriott Resort & Spa at Miramar near […]

Categories
Gaming

Kapil Dev launches new fantasy sports website Apne11

Former Indian cricket captain Kapil Dev launched a new daily fantasy sports portal ‘Apne11’ at a ceremony held at The Lalit Hotel in New Delhi yesterday. The new fantasy sports portal, which has Dev as its brand ambassador has announced an introductory offer of 100% user bonus on new deposits made by customers. The company […]

Categories
Gaming

India Today Group launches new fantasy sports website Aaj Tak 11

One of India’s biggest print and electronic media networks in the country, the India Today Group, announced (watch video below from Sports Tak) that it had launched a fantasy sports portal ‘Aaj Tak 11’ at the Salaam Cricket 2019 summit held at the Lord’s Cricket ground in London yesterday. The fantasy cricket portal was launched […]

Categories
Legal & Regulatory

PIL filed in Delhi HC to stop online poker & betting websites

Exclusive A Public Interest Litigation (PIL) has been filed by social activist and chartered accountant Avinash Mehrotra in the Delhi High Court seeking directions to the Union Ministry of Information Technology and the Reserve Bank of India (RBI) ‘to bring illegal and illicit online gambling/betting/wagering/gaming to an end.’ Mehrotra in his petition states that the […]

Categories
Gaming

Sourav Ganguly endorses fantasy sports website My11Circle

Former India cricket captain Sourav Ganguly has joined online fantasy gaming website My11Circle as its brand ambassador, as per an announcement made by the company. Promoted by PlayGames 24×7 Pvt. Ltd. (which operates one of the largest online rummy websites RummyCircle and social gaming portal Ultimate Games), My11Circle is one of the recent entrants in […]

Categories
Legal & Regulatory

Tax issues for skill-based gaming companies

This is a guest post by Pallav Pradyumn Narang, a Delhi-based Tax and Regulatory Partner at CNK, an accounting, tax and advisory firm. That skill-based gaming companies have regulatory challenges every now and then is not a new story. There are however persistent issues and new developments with respect to the tax landscape that governs […]

Categories
Gaming

Kerala state lotteries – types, tax, prizes, and prices

Kerala State Lotteries is a lottery program organised by the state government of Kerala. Lottery is a type of gambling in India, in which tickets with different number combinations are purchased by participants, and numbers are drawn at random from a pool to announce the winners. In this article, read about Kerala state lottery: Types, […]