fdi

Nepal govt to bring new law to regulate casinos

The Nepalese government has announced that it will be submitting a new casino bill aimed at encouraging foreign investment into…

Its official: Clairvest-led consortium acquires majority stake in Ace2Three for around $74 million

Canadian Private equity firm Clairvest Group and a consortium of investors  have officially announced that they have acquired a majority…

Breaking news: Ace2Three to be acquired by Clairvest Group and other foreign funds for $90-100 million

Exclusive Head Infotech Pvt. Ltd. which operates rummy website Ace2Three is set to be acquired by a consortium of foreign funds…

Online rummy gets more competitive with entry of large players; Foreign Direct Investment in skill games remains a grey area

The online rummy space is set to grow more competitive with an aggressive foray in the online rummy space by…

Newly created trade body demands opening up of FDI in gambling and betting

The All India Gaming Federation (AIGF), a not-for-profit organisation registered under the Societies Registration Act, 1860 and working towards promotion…

Government relaxes FDI norms for retail, defence, telecom, insurance but maintains status quo on gambling, betting FDI ban

In a bid to revamp India's investor-friendly image, the Union Cabinet eased existing Foreign Direct Investment (FDI) norms in key…

Delta Corp seeking foreign investors for its gaming operations against FDI policy?

A recent report in Economic Times and other internet news websites recently quoted top Delta Corp officials suggesting that it…