The Swadeshi Jagran Manch, an influential group in the country, will push for limits on entry fees for players of paid online games, potentially turning up the heat on a multi-billion-dollar industry that is preparing to lobby against tougher rules. The growing popularity of real-money games, driven by backing from top figures in cricket, a …
India’s Planned Regulation of Online Gaming to Include all Real-Money Games India’s much-anticipated regulation of online gaming is set to encompass all real-money games, according to a government document and three reliable sources. Initially, there was a proposal to only regulate games of skill and exclude games of chance, but the prime minister’s office overturned …
India’s finance ministry has received a letter from over 100 gaming companies expressing their concerns about the new 28 percent tax on online gaming firms. These companies argue that this tax will hinder foreign investment and put the $2.5 billion already invested in the sector at risk. The tax specifically targets the funds collected by …
India’s finance ministry has received a letter from over 100 gaming companies expressing concern about the country’s new tax on online gaming, which is set at 28%. The companies argue that this tax will hinder foreign investment and jeopardize the $2.5 billion (roughly Rs. 20,500 crore) already invested in the sector. The popularity of games …