Page 3 - Gaming Industry

WinZO announces launch in the US, expanding international footprint

WinZO officially launches in the US after a successful entry into Brazil, aiming to solidify its position in the global gaming market, valued at $65-70 billion with over 20 billion downloads annually

Bans won't kill gambling, money gaming will just shift to the Dark Web

As attempts to ban card games in Stalinist Russia show, they simply move underground - or, in the case of online gaming, to the Dark Web

Nodwin Gaming acquires Sony's stake in e-sports event Championship Evo

Nodwin Gaming acquires a majority stake in Evo, expanding its presence in the global fighting games e-sports market.

Casual gaming market set to gain from govt's ban on RMG platforms

The government's blanket ban on real money gaming platforms may shift demand towards casual, midcore and AAA titles that rely on in-app purchases and advertising for growth

RMG platforms suspend paid contests to comply with new gaming law

Real money gaming apps like Dream11, Zupee, and Probo suspend paid contests following the passing of the Promotion and Regulation of Online Gaming Bill, 2025, which introduces severe penalties.

Tech Wrap Aug 21: Google Pixel 10 series, Apple store, WhatsApp voicemail

Google Pixel 10 series pre-order. Apple to open third store in India. WhatsApp's Voicemail feature. Google Pixel Watch 4, Buds 2a. ROG Xbox Ally, Ally X handhelds launch confirmed

Online gaming Bill puts no liability on gamers: Union Minister Vaishnaw

The online gaming sector comprises three segments, namely e-sports, online social gaming, and real-money games, said Ashwini Vaishnaw

Govt should have considered forward-looking options for money games

Predictably, the move has sent the online gaming industry into a tizzy. As reports suggest, there are thousands of high-skill jobs at stake

Nazara Tech shares plunge nearly 13% as gaming Bill drags sentiment

However, Nazara Tech clarified that the company has no direct exposure to RMG businesses

Investors put $1 billion into real-money gaming firms between 2020 and 2024

It went on to secure $332 million across 22 rounds in 2022, before plummeting to $20.6 million in six rounds in 2023 and $19.5 million in just three rounds in 2024, according to Tracxn

Real-money gaming dealt a losing hand as crackdown follows ₹20,000 cr blow

Experts and industry players warn that the move could backfire by driving users toward unregulated offshore betting platforms

EPWA urges PMO to reconsider ban on real money games, seeks framework

EPWA has written to the PMO urging reconsideration of the blanket ban on real money games, calling for regulation distinguishing skill from chance and safeguarding players' rights

Lok Sabha clears Bill to ban real-money gaming: Countdown begins

Cleared by the Union Cabinet on Tuesday, the Bill was introduced in the Lok Sabha earlier in day. Senior officials described it as a balanced measure, defending the government's decision to outlaw RMG

Money gaming industry may be forced to fold as Centre goes all in on ban

Days after it was figuring out how to deal with a steep GST burden, the real money gaming industry has been hit with a legislative tsunami that could effectively eliminate it entirely

Tharoor warns ban may push online gaming underground, calls for regulation

Congress leader Shashi Tharoor on Wednesday criticised the government's move to ban online money gaming, warning that such a step would only push the industry underground and strengthen criminal networks. He also said he had not studied the three Constitution amendment bills seeking to provide a framework for the removal of prime ministers, Union ministers, chief ministers and state ministers detained on serious criminal charges in any detail. On the face of it, it is difficult to say it has any problem, but obviously if anyone does something wrong they should not be a minister anyway. I don't know if there is any other motive, he remarked. Discussing the bill seeking to prohibit and regulate online gaming introduced in the Lok Sabha, he said, "I had written a very long article on the argument that by banning online gaming we are simply driving it underground, whereas it could be a useful source of revenue for the government if we legalise it, regulate it and tax it." He added that

Gaming bodies seek Amit Shah's intervention to stop RMG ban in India

Gaming associations warn that banning real-money games could shut 400 firms, endanger 2 lakh jobs, reduce tax revenue, and push users to offshore gambling operators

Govt set to log out real-money games; Bill to be tabled on Wednesday

The draft bill, however, calls for promoting e-sports and online social games, according to a source

Govt likely to tighten rules for money-based games in Online Gaming Bill

The draft Bill is likely to impose severe restrictions on online money games or online money gaming service offerings, including bank transactions

Games24x7 rolls out 3rd edition of TechXpedite accelerator programme

Games24x7 announces the third edition of its TechXpedite accelerator, offering support to early-stage startups in AI, gaming, sports, and inclusive technology.

Real money gaming firms on shaky grounds after increased 40% GST

Real money gaming firms say a proposed 40 per cent GST could drive users offshore or force closures, adding to the stress already caused by the 28 per cent levy imposed in 2023