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
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
RummyCircle operator moves Madras HC against crime branch noticeThe crime branch is investigating into the suicide of one Manikandan, and has filed an FIR that claims he had killed himself after losing m...
10 Mar, 2023, 11.00 PM IST
Ban promotion of online gambling, Karnataka BJP MLA implores CentreKarnataka recently moved the Supreme Court challenging the High Court judgment early this year that had quashed key amendments to the Karna...
12 Dec, 2022, 03.52 PM IST
Games24x7 plans marketing blitzkrieg for RummyCircle; ropes in Hrithik Roshan as brand ambassador"In the North, rummy doesn’t share that sort of popularity. And we have been thinking for a while on how to educate North India about this ...
28 Jan, 2022, 08.06 AM 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
Online gaming to cross Rs 290 billion mark in FY25 with over 657 million users: KPMGAs per the report, ‘Beyond the Tipping Point’, the sector, which at present is at Rs 136 billion, is poised to grow more than double by FY2...
17 Jun, 2021, 12.39 PM IST
Games24x7 eyes US expansion with casual gamesGames24x7, an online gaming startup that operates RummyCircle, is also looking to aggressively expand its fantasy sports offering My11Circl...
21 Apr, 2021, 04.43 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
Real-money gaming companies face an increasing hostile regulatory landscapeTamil Nadu was the third south Indian state to ban these games, after Telangana and Andhra Pradesh, and Karnataka is considering a similar ...
09 Dec, 2020, 11.04 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
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
Fearing backlash, India's skill gaming startups ensure users don't get addicted playing onlinePlay Games24X7 has formed a data science team to pick up on warning signals of players such as time spent on the portal, withdrawals, depos...
27 Jul, 2018, 03.42 PM IST
Tech lobbyists now crowd New Delhi's power corridorsStrengthening channels of communication with the government has become inevitable for companies to proactively address concerns around new ...
12 Dec, 2017, 01.36 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