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Legal
January 8, 2025
Indian Gaming Firms Seek Supreme Court Protection from Tax Demands
Gaming businesses in India are looking to the Supreme Court to help them out with backdated Goods and Services Tax (GST) bills that might be way more than what they make. In December at least two companies put in special requests asking the court to stop the tax office from taking action until they make […]
Legal
December 17, 2024
Indian Gambling Ship Staff Reportedly Attack and Detain Officials
Last Thursday, officials of the Directorate of Enforcement (ED) were allegedly attacked, confined, and obstructed by staff members of the offshore Casino Pride operating in the Mandovi River. The confrontation occurred during a search operation relating to an ongoing money laundering investigation. Although nobody got hurt, the floating casino’s staff may face serious accusations. The […]
Industry
December 2, 2024
India Investigates Google Over Real Money Gaming App Practices
The Competition Commission of India (CCI) has started looking into Google after Winzo, a real money gaming (RMG) platform, said Google was misusing its power in the RMG field. Winzo claims Google’s rules favor some apps over others, which creates an unfair market. The CCI is now checking to see if these claims are true […]
Industry
October 24, 2024
New Report Warns of Money Laundering Threat in India’s iGaming Sector
With a whopping number of 442 million gamers, India has become the second-largest gaming market worldwide, only surpassed by China. As with the rest of the global gaming hubs, India is also dealing with money laundering concerns tied to the gaming industry, among others. A recent report has emphasized the need for stricter regulations to […]
Industry
October 24, 2024
India Cracks Down on Influencers Who Promote “Illegal” Gambling
With India’s state of gambling regulation being a hot mess, a thriving black market has proliferated, mostly related to online casino operators, which are still unregulated in the country and enjoying a “grey area status”, and unlikely to be regulated on a federal level for many years to come. Indian Ministry Wants to See Influencers […]
Blockchain
September 27, 2024
Binance Collaborates with India Authority, Brings Down Massive Scam
The largest cryptocurrency exchange, Binance, recently helped law enforcement in India to bring down a large-scale scam valued at nearly $50 million. Pig-Butchering Scheme Dismantled The fraudulent action involved an app called Fiewin that lured users into an infamous “pig butchering” scheme by offering easy earnings and low risk. The scammers used a range of […]
Industry
September 10, 2024
India Holds Firm on 28% GST for Online Gaming despite Industry Pushback
According to the latest data by the Indian government, revenue from online gaming has reached ₹6,909 crore ($832 million) in just six months, rising by 412% despite the recent Goods and Services Tax (GST) hike to 28%. Finance Minister Nirmala Sitharaman confirmed these figures during the 54th meeting of the GST Council on 9 September […]
Industry
August 7, 2024
RMG Changes Would Provide Relief to Indian Gaming Businesses
India might allow 100% Foreign Direct Investment (FDI) for real-money gaming companies, without official approval, reports say. According to Mint, the government has proposed to allow companies to access full FDI via an automatic online RMG route. If enacted, this measure would allow monetary amounts up to the value of the entire business to be […]
Business
July 9, 2024
Rummy Leader Passion Gaming Reacquires Shares from Rank Group
Bobby Garg and Priya Kumar, the co-founders of Indian rummy operator Passion Gaming, have re-acquired all company shares from their investors and are back in control of the company. The company’s shareholders included global gambling giant Rank Group. Rank Group, through its Stride Investments subsidiary, had invested $5 million in Passion Gaming shares, comprising of […]
Industry
June 26, 2024
AIGF Criticizes Google’s Updated PlayStore Policies
The All India Gaming Federation (AIGF) has sharply criticized Google’s recent decision to halt the expansion of real-money gaming (RMG) apps on its Play Store. AIGF CEO Roland Landers condemned the move as arbitrary and anti-competitive, reinforcing the urgent for updated legislation in India to ensure fair business practices. Google’s Move Affects Indian Businesses Landers […]
