Page 8 - Gaming Industry

Gaming federations tie up to enforce code of ethics for user safety

Under the code of ethics framework, all gaming companies will implement strict age-gating norms, have robust know-your-consumer norms, ensure appropriate safeguards for gamers' data

ASUS targets 30% growth in PCs driven by AI, gaming, content creation

Taiwanese PC maker Asus expects to achieve 30 per cent growth in 2025 on account of demand for personal computers for artificial intelligence, gaming and content creation coupled with its strategy to expand sales channels, a senior official of the company said. Asus India, vice president for consumer and gaming, Arnold Su told PTI that the price of AI personal computers share in the India consumer PC market is expected to rise from 5 per cent to 25-30 per cent mainly on account of more devices coming at lower price points. "We continue to lead in the gaming, content creation segment in India. AI PC will be another area where we see big opportunities coming up this year in India. It will be not only for Asus but for the overall industry. We already have 40 per cent market share in the India copilot PC segment," Su said. He said that last year most of the AI PCs were priced above Rs 80,000 and Asus will start selling AI PCs with the Qualcomm Snapdragon AI processor for Rs 65,990 from

Take-Two confirms GTA 6's release by Fall of 2025: Here's what to expect

Take-Two confirmed during the recent earnings call that GTA 6 is set to launch in the Fall of 2025

GTA 5 Enhanced for PC launched: Check new features and upgrade eligibility

GTA 5 Enhanced version for PC is available for download from Steam, Epic Games, and Rockstar Games Launcher

Meta, Google must help combat India's illegal gambling, betting mkt: Study

A report by not-for-profit think tank Digital India Foundation states that the illegal gambling and betting ecosystem in India exceeds $100 billion annually and is growing at 30 per cent per year

Head Digital Works acquires Adda52 parent Deltatech Gaming for Rs 491 cr

This will be the second largest deal in the online rummy and poker gaming segment. In September, Nazara Technologies bought a significant stake in Moonshine Technology (MTPL)

Asci flags 413 offshore online betting advertisements for violating norms

Between April 2023 and March 2024, ASCI flagged 1,336 advertisements, and 492 cases related to RMGs were observed by the body

FATF invites Indian online gaming firms to discuss laundering risks

Companies invited for tomorrow's meet include Dream11, Baazi Games, Zupee, WinZO, and others

MIB, IEIC, and WinZO launch Tech Triumph Season 3 for gaming startups

The TTP supports gaming startups through investment, mentorship, and global exposure

TN gaming rules may spur similar action by other states, add biz hurdles

These rules are also likely to lead to fragmentation of rules across these states as there is a lack of central regulation for online gaming and real money games

PlayStation network outage affects thousands of gamers, Sony informs on 'X'

Downdetector data showed users of popular titles such as Call of Duty and Fortnite began reporting outages since Friday. At one stage the number of PlayStation incident reports reached over 14,000

PlaySuper raises $500,000 in seed funding led by IAN Angel Fund, 100X.VC

PlaySuper will launch a hyper-personalised in-game store allowing integration without requiring updates

New gaming titles to dominate growth for India's gaming sector: Survey

Seven out of 10 industry stakeholders and company leaders believe that local themes, languages, and culturally resonant content may determine the success of Indian games in 2025

Epic Games kicks off plan to add third-party games to own mobile store

Epic Games will launch a program to offer free games on its mobile store, starting with titles such as "Bloons TD 6" and "Dungeon of the Endless: Apogee"

Games24x7 announces final list of its startup accelerator programme

More than 330 companies had applied to the programme, which was launched in October 2024

SOGI urges 28% GST on platform fees and not deposits, for gaming firms

Real money gaming firms-backed Skill Online Games Institute (SOGI) has demanded that the government levy 28 per cent GST on platform fees instead of on deposit for gaming companies in India, to prevent offshore platforms from taking advantage of significant tax arbitrage. The demand comes ahead of the 55th meeting of the GST Council in Jaisalmer, Rajasthan on Saturday. In an interview with PTI, Amrit Kiran Singh, President of SOGI, said the online gaming industry is in a nascent stage and the government and industry need to work together to harness the full positives of this industry for the economy and country. "SOGI has approached the Indian government to put forward its recommendations that will allow India to harness the full potential of this huge industry for creating jobs and contributing to its GDP while simultaneously mitigating negative aspects of such as addiction," he said. Starting October 1, 2023, deposits on online gaming platforms and casinos attracted 28 per cent G

GST on betting: Indian gaming industry faces tax demands by Feb 2025

While some firms have already received tax demands, gaming industry bodies are lobbying to prevent aggressive enforcement actions until the Supreme Court resolves the matter

25 years after the Matrix: Simulation theory more relevant than ever

Regardless of The Matrix, Nick Bostrom, Elon Musk, or the peculiarities of quantum physics, we might still be living in "base reality."

Nazara Technologies' board approves five investments worth Rs 196 cr

Gaming and sports media firm Nazara Technologies' board has approved five investments worth Rs 196 crore, including 100 per cent acquisition of stake in Sportskeeda owner firm Absolute Sports, the company said in a regulatory filing on Monday. Of the total Rs 196 crore, Nazara will invest Rs 148 crore in existing subsidiaries, including Sportskeeda, Nodwin Gaming, and Datawrkz, to increase its ownership in them and support their growth. The company will invest Rs 69 crore to purchase shares arising from exercise of ESOPs from the Sportskeeda management to increase its stake to 100 per cent in the company, making it a wholly owned subsidiary. Nazara Technologies board approved investment of Rs 64 crore in its subsidiary Nodwin Gaming. The investment will be done through subscription of optionally convertible preference shares. The funds will support Nodwin's expansion, enhance its intellectual properties (IPs), and strengthen its footprint in emerging markets, according to the ...

Nazara Tech raises Rs 855 cr via preferential issue to fuel expansion

In a regulatory filing on November 27, Nazara's board approved the allotment of 8,959,728 shares at an issue price of Rs 954.27 a share