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Business

Nazara Technologies invests Rs. 75 lakhs in social contests platform Bakbuck

Online games company Nazara Technologies Limited has announced that it has invested an undisclosed amount in Khichadi Technologies Private Limited, the company that runs social contest platform Bakbuck. However, as per Registrar of Companies (ROC) records, Nazara has invested around Rs. 75 lakhs (Rs. 75,00,500/-) in the company for 2143 compulsorily convertible preference shares. Some […]

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Gaming

9stacks group entity launches new fantasy sports portal Faboom

The founders of online poker website 9stacks have started a new fantasy sports portal Faboom, through a related entity named Faboom Gaming LLP. 9stacks, which raised a $4 million in a Series A funding round last year, joins a host of other online poker and rummy brands including PokerBaazi, Spartan Poker, Adda52, Ace2Three and RummyCircle […]

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Business Gaming

India Bet parent company invests in new fantasy sports startup Scoring11

Sports Gaming UK, the parent company of free to play betting website India Bet has made an investment of an undisclosed amount in PlaySafe Games Pvt. Ltd., the parent company of new fantasy gaming portal Scoring11. The deal will entitle Sports Gaming to hold around 20% stake in PlaySafe Games according to those familiar with […]

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Gaming

Dream11 partners with BCCI to become official fantasy sports partner of IPL

Dream11, the largest fantasy sports website in the country has announced that it has partnered with the Board of Control for Cricket in India (BCCI) to become the official fantasy gaming partner of the Indian Premier League (IPL) for a period of four years. The 4-year exclusive partnership will begin with the upcoming 2019 edition […]

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Business Gaming

Delta Corp invests Rs. 15.50 crores in fantasy sports portal HalaPlay, divests its fantasy sports portal

India’s only listed gaming and hospitality company, Delta Corp Ltd., has announced that it has Rs. 15.50 crores in Halaplay Technologies Pvt. Ltd., the company that operates fantasy gaming portal HalaPlay, for a 15.52% stake (at a post money valuation of around Rs. 100 crores) in the company. Delta Corp, in a regulatory filing to […]

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Gaming Legal & Regulatory

TRS MP raises question on fantasy sports legality; central govt says states can decide

Exclusive¬†The central government did not give a clear answer on the legality of fantasy sports and proposal to regulate it, in response to an unstarred question raised in the Lok Sabha by Telangana Rashtriya Samiti (TRS) MP AP Jithender Reddy. Reddy, in an unstarred question dated 8th February, 2019 sought to know whether the central […]

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Gaming

Mumbai police arrest lottery centre owner, race course bookies over tax evasion

The Mumbai police raided a Carter Road-based lottery centre yesterday and arrested its owner, Rajesh Jaiswal, for allegedly evading Goods and Services Tax (GST) on lottery tickets by issuing hand-written notes instead of printed receipts. According to the Mumbai police, Jaiswal would sell the hand written tickets to customers and tell the results over phone, […]

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Gaming

Feature: Ability Games CEO Navneet Makharia talks about his vision of creating India’s leading skill gaming company

Navneet Makharia, CEO of Kolkata-based Ability Games Pvt. Ltd. decided to foray into the skill gaming industry a year ago, after dabbling in the medicine and cement sectors. According to Makharia, he started the company with the aim of creating a brand similar to the EA Sports of skill gaming in India. Today, Ability Games […]

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Gaming

INCLA petitions PMO demanding amendments in gaming laws to allow casinos in cruise ships

The India Cruise Lines Association (INCLA), backed by Rajya Sabha MP and Essel Group Chairman Subhash Chandra, has approached the Prime Minister’s Office (PMO) demanding several concessions and amendments in existing laws to enable promotion of the cruise shipping and tourism sectors. INCLA convenor Jurgen Bailom has shared the organisation’s demands to the PMO which […]

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Business Gaming

Sugal & Damani launches Luckykhel mobile app for buying lottery tickets

Lottery conglomerate Sugal & Damani Group will be launching a new mobile app called ‘Luckykhel’ over the next few days, as per a report in the Economic Times. The lottery distribution company claims that it would be able to reach more participants through this initiative and at the same time reduce the costs of reaching […]