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Page 5 - Online Games

Soon, Krafton will roll out BGMI 4.0 update: Here's what you can expect

Krafton India might release the BGMI 4.0 update on September 11, introducing the new haunted mode, magic broom, new events, and more. Here's what players can expect from the upcoming update

Updated On : 10 Sep 2025 | 1:15 PM IST

Gameskraft reports decline in net profit after ₹231 crore siphoning case

Online gaming firm Gameskraft Technologies Ltd has filed a police complaint against its former CFO for allegedly siphoning off over Rs 231 crore -- whose write-off led to a decline in the company's FY25 net profit. The Bengaluru-based firm on Friday reported a net profit of Rs 706 crore on a revenue of Rs 4,009 crore in the fiscal year 2024-25 (April 2024 to March 2025). This compared with Rs 947 crore net profit on a revenue of Rs 3,475 crore in the previous year. The company said FY25 was the first full year of 28 per cent GST tax on its operations. The previous year earning was factoring in a six-month impact of the newly introduced GST regime for the online gaming sector. The 2024-25 profit was also impacted by "a one-time accounting adjustment of past unsanctioned transactions amounting to approximately Rs 231 crore," it said in a statement. While the company did not elaborate on the nature of unsanctioned transactions, sources with knowledge of the matter said the write-off .

Updated On : 05 Sep 2025 | 1:27 PM IST

Govt moves SC seeking transfer of pleas against online gaming law from HCs

The Centre on Thursday moved the Supreme Court seeking transfer of various pleas challenging the Promotion and Regulation of Online Gaming Act, 2025 from various high courts to the apex court to avoid conflicting verdicts. The plea was mentioned before a bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran. "(The) Union has filed a transfer plea... the Online Gaming Regulation Act has been challenged before three high courts. If it can be listed on Monday since it's listed for interim orders before the Karnataka High Court," the lawyer said. The CJI agreed to list the plea for consideration next week. The Promotion and Regulation of Online Gaming Act, 2025 is the first Central legislation imposing a nationwide ban on real-money online gaming, including popular formats such as fantasy sports. The law prohibits offering or playing online money games, regardless of whether they are games of skill or chance, and categorises violations as cognisable and non-bailable ..