Gaming firms offer to pick up tax bill to keep players hookedCompanies are subsidising tax liability on users through deposit offers and bonuses, say industry insiders.
23 Jan, 2024, 07.11 AM IST
Delta Corp Q1 Results: Net profit rises 19% YoY to Rs 679.1 mn on sustained casino demandGrowing revenue offset total expenses for the quarter, which inched up 9% to 1.95 billion rupees, with licence fees and registration charge...
25 Jul, 2023, 11.36 PM IST
Delta Corp subsidiary Deltatech Gaming files for Rs 550 crore IPOThe issue, of one rupee face value per equity share, consists of a fresh issue of shares worth up to Rs 300 crore and an offer-for-sale (OF...
17 Jun, 2022, 05.41 PM IST
As state governments come down on real-money gaming, companies ask for regulation instead of banOver half a dozen state governments are trying to ban some or all forms of real-money gaming (RMG). The states are forced to step in as the...
19 Dec, 2021, 12.56 PM IST
Big league awaits Indian online gaming firms in 2021Fundraising by Indian online gaming firms in 2021 is expected to surpass previous records as investors will look to make the most of people...
06 Jan, 2021, 10.30 AM IST
Indians bet on online gaming to kill boredomOnline gaming nights are one way of socialising and competition with money makes it more exciting, said an expert. Online games involving e...
02 May, 2020, 08.45 AM IST
Real-money gaming firms make a bigger betCard-based games such as rummy and poker, from companies such as Adda52, RummyCircle and Ace2Three, were part of the first wave of realmone...
21 Oct, 2019, 09.24 AM IST
Is online poker becoming the next big thing for the Indian millennial?A lot of youngsters are earning a livelihood playing the game.
04 Jul, 2019, 08.42 AM IST
New casino policy of Goa government can be a win-win for everybody: Jaydev Mody, Delta CorpGovt should bring multi-billion dollar gaming business can be bought under tax net, says Mody
31 Oct, 2018, 01.32 PM IST
- Poker and eSports see surge in India
The latest to join the expanding bailiwick of ‘brain duels’ is Gaurav Gaggar, incubator of the country’s largest poker and card games site ...
28 Apr, 2018, 10.24 AM IST
Gaming startup Rummy Passion divests 51% stakeThis comes after two other poker and rummy online gaming portals Adda52 and Ace2Three were also acquired.
29 Nov, 2017, 09.07 AM IST
Gaming company Delta Corp completes Adda52 DealAs per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021.
28 Sep, 2017, 10.36 AM IST
Morality or money? Tobacco, liquor, casino stocks surge up to 225% in five yearsSome people consider buying liquor, cigarette or playing games in casino against their ethics.
05 Sep, 2017, 02.11 PM IST
Matrix Partners earns 20 times returns after selling its stake in online rummy gaming companyThe venture capital firm is said to have made over Rs 257 crore on its seven-year-old investment, as the Canadian investment firm Clairvest...
02 May, 2017, 08.35 AM IST
Canada's Clairvest buys majority in rummy portal Ace2Three for $74 millionAccording to Gullapalli, Clairvest Group’s existing investments in the global gaming industry will be of strategic help in exploring other ...
29 Apr, 2017, 11.33 AM IST
India's poker startups industry worth $120 million slowly becoming a profit-making modelIt’s a patch start, but Karnataka, West Bengal and Nagaland are the only states to have given a clear verdict, classifying poker as a skill...
04 Nov, 2016, 07.22 AM IST
Delta Corp may buy rummy website ace2three.com for $80-100 millionSources say Delta Corp on its part is keen to structure the buyout via conversion instruments, whereas ace2three.com might insist on a cash...
28 Sep, 2016, 04.14 PM IST