Page 33 - Gaming

Chinese tech giant Tencent Holdings wins approval for gaming blockbusters

It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April

Clear, consistent taxes key to making India next global gaming hub: Experts

A clear and consistent approach to personal taxation is necessary for realizing India's vision of making AVGC (Animation, Visual Effects, Gaming and Comics) a high-growth sector, experts said. A high incidence of Tax Deducted at Source (TDS) to the tune of 30 per cent on gaming income is creating an incentive for offshore platforms that are not under any regulatory obligations and where no taxes need to be paid, to thrive in India, they said. Such evasion of taxes will be a huge loss to the government and will eventually even kill the domestic industry. An AVGC Promotion Task Force report, constituted by the government has proposed a national AVGC-Extended Reality Mission with a budget outlay to be created for integrated promotion and growth of the sector. As per estimates, the Online Skill-Based Gaming (OSG), is about USD 2.5 billion industry with a CAGR of over 38 per cent and is projected to grow to USD 20 billion by 2030 in terms of revenue. According to Games24x7 founder ...

IT ministry appointed as nodal ministry for online gaming in India

The Department of Sports under the Ministry of Youth Affairs and Sports has been notified as the nodal agency for e-sports

AVGC task force suggests national mission to promote sunrise sector

In a bid to make audio visual, gaming and comic (AVGC) education as sought after as medical and engineering, a government-appointed task force has suggested starting globally recognised undergraduate and postgraduate courses and tapping talent at the school level leveraging the National Education Policy. The AVGC Task Force, chaired by Apurva Chandra, secretary of the Ministry of Information and Broadcasting, has also recommended to the government to launch a National AVGC-XR Mission with a budget outlay for integrated promotion of the sector and a 'Create in India' campaign on the lines of Make in India' with an exclusive focus on content creation. XR refers to Extended Reality, an umbrella term used to describe immersive technologies that can merge the physical and virtual worlds. The AVGC Task Force was announced by Finance Minister Nirmala Sitharaman in her budget speech this year to promote the AVGC sector which has been growing at 16 per cent year-on-year to emerge as a USD ..

AVGC task force calls for a national mission with budgetary outlay

Quantum of budget unknown; task force also recommends 'Create in India' campaign with exclusive focus on content 'For India and For the World'

Amazon launches Prime Gaming service in India: Know what is new and pricing

Prime Gaming is a service exclusive for Amazon Prime members. It is available through desktops, mobile browsers, and Android app. Support for Apple iOS is coming in January 2023

Online games with monetary bets likely to have a 'child lock' mechanism

MeitY could also call for formation of a self-regulatory organisation; policy release likely in 2-3 weeks

Govt plans federal oversight of all real-money online games: Report

An Indian panel tasked with drafting the regulation in August proposed a new body to decide whether a game involves skill or chance, and then let skill games be governed by planned federal rules

MPL bans over a million accounts in 2022 to promote fair gameplay

According to the company, these are not temporary suspensions but permanent bans of these users from the system

India now has second largest gamer base in world at over 369 million

India now has the second largest gamer base in the world with 396.4 million gamers, a new report has showed

Indian gamers keen in turning professional, see career growth: Report

Jobs seen as influencers, software developers, animators as industry grows in country

Majority of people think online gaming involves betting, gambling: Survey

A majority of people view fantasy sports as online gaming that involves wagering, betting and gambling, a survey by online platform LocalCircles said on Monday. The survey on online gaming conducted by LocalCircles found that 91 per cent of the respondents want a ban on pesky SMSes that promote online and fantasy games. "While the Supreme Court has upheld its position and the position of the Punjab High Court in 2017 and ruled that fantasy sports are a game of skill, the public view continues to differ," the report said. In response to a question on "should online fantasy sports be considered as online gaming that involves wagering, betting and gambling", nearly 2 out of 3 respondents chose "yes", 14 per cent stated 'no' and the remaining 21 per cent gave no clear response. "In effect, for 65 per cent, out of 9,507 respondents, online fantasy sports is akin to gambling, wagering or a game of chance with risks in contrast to the position of the Supreme Court," the report ...

Indian gaming to add 100,000 jobs in FY23, grow five-fold in 7 years: Study

Industry expected to attract Rs 780 crore in foreign investment, says TeamLease Digital report

Explained: What is ray tracing, how it works, and future of mobile games

Ray tracing uses lighting techniques to bring more realism in video games. By using algorithms, this technology traces and imitates the path of light that it would take in real world

Indian gaming worth $2.6 bn in FY22, will grow four-fold by 2027: Report

Country has 507 million gamers and more than 900 companies in the sector

Electronic gaming can result in cardiac arrhythmias in children: Study

Computer gaming might create life-threatening cardiac arrhythmias in vulnerable youngsters whose tendency may have previously gone unreported, according to a new study.The researchers observed an uncommon yet distinct pattern in children who lose consciousness while playing video games.The findings of the study were published in the journal of the Heart Rhythm Society, the Cardiac Electrophysiology Society, and the Pediatric & Congenital Electrophysiology Society."Video games may represent a serious risk to some children with arrhythmic conditions; they might be lethal in patients with predisposing, but often previously unrecognized arrhythmic conditions," explained lead investigator Claire M. Lawley, MBBS, PhD, The Heart Centre for Children, Sydney Children's Hospitals Network, Sydney, Australia. "Children who suddenly lose consciousness while electronic gaming should be assessed by a heart specialist as this could be the first sign of a serious heart problem."The investigators

BMW to bring QR-based casual gaming into vehicles from next year

Automaker BMW and gaming platform AirConsole have announced a partnership to bring casual gaming into new BMW vehicles via scanning a QR code.

Gaming industry needs regulation, not ban: CEO, E-Gaming Federation

At least 600 million people will be playing online games by 2030, says Sameer Barde

No cheat-code for online gaming industry as ministry, I-T turn up the heat

The income tax (I-T) department recently issued show-cause notices to seven online game companies, as part of an investigation into possible tax evasion by such institutions.

Industry considers options as Tamil Nadu ordinance bans online gaming

Sector takes hope from High Courts previously overturning such prohibitions by state governments