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Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- How new online gaming rules will change your income tax and legal exposure depending on the kind of game you playAn online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electr...
- Poker table to courtroom: Gamers challenge online gaming lawWhile the gaming firms are defending their right to carry out a business, the gamers argue that the law curtails their fundamental right. O...
- Fans fume as married Michael Phelps wraps his arms around model at wild poker gameMichael Phelps received widespread attention during a star-studded poker livestream after being seen hugging and getting unusually close to...
- Nazara Technologies COO Sudhir Kamath resignsAn IIM Ahmedabad alumnus, Kamath joined Nazara during a leadership transition at the company. In October 2022, then-CEO Manish Agarwal had ...
- Nazara completes Rs 855 crore fundraise led by SBI Mutual FundNazara Technologies secured $100 million in funding, led by SBI Mutual Fund, to fuel acquisitions and expansion. This capital injection wil...
- Nazara Tech acquires 47.7% stake in PokerBaazi parent in Rs 832 crore dealNazara Technologies has acquired a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crores. Nazara will al...
- IAMAI pulls invite to some gaming companies for meet with IT MoS Rajeev ChandrasekharThe private discussions are expected to be around “building certainty for online gaming”, according to people with knowledge of the matter.
- 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...
- Diwali gets a virtual spin, online card parties see family and friends bond across citiesIndians took Diwali celebration a notch higher with online card parties.
- Amit Burman's Poker Sports League goes digital ahead of third seasonOwned by Mind Sports League, the virtual tournament will be streamed over a 6-week window.
- Everyone's a winner: Ben Affleck, Matt Damon's online poker tournament raises $1.75 mn for Covid reliefThe event also saw participation by Adam Sandler, Tom Brady and Adam Levine.
- The new buzz: As internet reach expands, live streaming emerges as the next big thingLive streaming — in education, gaming, commerce and sports — is emerging as the next big frontier for internet platforms in India. In China...
- Test your skills: Here's your chance to win Rs 2 cr at India's biggest online poker eventThe tournament, dubbed 'Game Changer', is good news for poker enthusiasts.
- Poker websites search for a straight flush at IITs nowWhile card games that involve more skill than luck are not considered gambling as per a Supreme Court ruling, apprehension over launching o...
- Show of hand: How Indian players are earning fortunes with pokerPoker has been getting bigger with professional players in India sometimes earning between Rs 10 lakh to a crore every year.
- India may be poised to benefit from a broadly legalized gambling marketAround $60 bn is spent on all types of gambling in India, but only a fifth of it is legally accounted, according to a 2010 study by KPMG.
- Supreme Court to decide whether rummy for stakes is a skill-based card game or a criminal offencePerhaps the most anxious observers of this case are foreign firms waiting to enter the Indian market.
- The tournament lotteryThe poker boom was kickstarted 11 years ago when Chris Moneymaker won the World Series of Poker (WSOP) Main Event in Las Vegas for US$2.5 m...
- Unlikely is inevitableWe are pattern seeking creatures, and tend to give too much significance to coincidences and improbable events.
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