RMG ban sparks massive impairments as gaming majors erase India betsGaming companies are reporting large write-downs after India’s real money gaming ban, with major players such as Flutter, Clairvest and Naz...
16 Nov, 2025, 06.00 AM IST
Canada’s Clairvest Group writes off investment in Head Digital Works after real money gaming banThe investment that had a carrying value of Rs 760 crore has been marked down to nil. This resulted in Clairvest reporting a net loss of ar...
13 Nov, 2025, 08.38 PM IST
Gaming app MPL to sack 60% of India staff after real-money gaming ban, source saysPrime Minister Narendra Modi's government this month banned online paid games, citing financial and addiction risks especially among youth,...
01 Sep, 2025, 09.41 AM IST
Real-money gaming ban triggers split in industry response: Legal challenge vs complianceWhile most big companies in the RMG space have complied with the new law, one firm, Head Digital Works, which owns India’s top online gamin...
29 Aug, 2025, 07.29 PM IST
New law likely to fuel shift from real-money gaming to esports, casual gamesThe Promotion and Regulation of Online Gaming Act, 2025, is expected to boost esports and casual gaming in India by providing regulatory cl...
25 Aug, 2025, 12.24 AM IST
Vijay Deverakonda, Rana Daggubati and Nidhhi Agerwal, among many celebrities under ED investigation in betting app caseThe Enforcement Directorate (ED) has initiated a major crackdown, filing a case against 29 actors, social media personalities, and influenc...
10 Jul, 2025, 10.05 AM IST
Head Digital Works to acquire Adda52 parent firm for Rs 491 croreHead Digital Works announced it will acquire Deltatech Gaming Ltd, the parent company of Adda52, for Rs 491 crore. The acquisition will occ...
21 Feb, 2025, 02.43 PM IST
PhonePe in talks with top smartphone brands to pre-install Indus AppstorePhonePe launched its own Android-based app store, challenging Google's billing policy and commissions. It onboarded popular apps and gaming...
21 Jun, 2024, 06.01 AM IST
Games 24x7 posts 70% rise in FY23 operating revenue, trims lossGames24x7's operating revenue grew by over 70% to Rs 1,988 crore in FY23. The firm's loss narrowed by nearly 30% to Rs 199 crore. It runs p...
14 Jun, 2024, 09.40 PM IST
Double whammy coming for already struggling real gaming companiesReal money gaming companies like Dream11, Games24X7, and Mobile Premier League (MPL) face cost pressures with Google introducing service fe...
13 Jun, 2024, 01.57 PM IST
Real-money gaming firms look for cues in Google billing rowAs the battle between Google and startups over service fees unfolds, online real-money gaming (RMG) companies are observing the situation c...
07 Mar, 2024, 06.00 AM IST
Real-money gaming companies look for an ace to beat tax bluesCompanies are trying out restrictions on the withdrawal of deposits for shorter games like rummy and poker to avoid being hit by repetitive...
05 Mar, 2024, 09.00 AM IST
Madras HC sets aside Tamil Nadu ban on online rummy, poker againThe All India Gaming Federation, Gameskraft, Games24x7, Junglee Rummy, and A23 were among the petitioners who argued that while the game is...
10 Nov, 2023, 12.11 AM IST
Madras HC allows partial lifting of ban by Tamil Nadu govt on online gamingThe Madras High Court on Thursday ordered partial lifting of ban on online gaming as it has allowed games of skills like rummy and poker. H...
09 Nov, 2023, 05.31 PM IST
DGGI raises Rs 55,000-crore tax demand from Dream11, other online gaming companiesThis includes a notice of approximately Rs 25,000 crore to Dream11, making it possibly the largest indirect tax notice in India. More notic...
26 Sep, 2023, 08.23 AM IST
Madras HC denies immediate relief to online gaming companiesThe bench said that they would prefer to take up the writ petitions for final hearing anytime rather than hearing the matter for the purpos...
03 Jul, 2023, 09.30 PM IST
Tamil Nadu's decision to ban online gaming likely to hurt rummy companies the mostOnline gaming in India, which has seen steep growth in the last couple of years driven by increasing internet and smartphone penetration, c...
25 Nov, 2020, 09.47 AM IST