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Industry
August 7, 2024
RMG Changes Would Provide Relief to Indian Gaming Businesses
India might allow 100% Foreign Direct Investment (FDI) for real-money gaming companies, without official approval, reports say. According to Mint, the government has proposed to allow companies to access full FDI via an automatic online RMG route. If enacted, this measure would allow monetary amounts up to the value of the entire business to be […]
Business
July 9, 2024
Rummy Leader Passion Gaming Reacquires Shares from Rank Group
Bobby Garg and Priya Kumar, the co-founders of Indian rummy operator Passion Gaming, have re-acquired all company shares from their investors and are back in control of the company. The company’s shareholders included global gambling giant Rank Group. Rank Group, through its Stride Investments subsidiary, had invested $5 million in Passion Gaming shares, comprising of […]
Industry
June 26, 2024
AIGF Criticizes Google’s Updated PlayStore Policies
The All India Gaming Federation (AIGF) has sharply criticized Google’s recent decision to halt the expansion of real-money gaming (RMG) apps on its Play Store. AIGF CEO Roland Landers condemned the move as arbitrary and anti-competitive, reinforcing the urgent for updated legislation in India to ensure fair business practices. Google’s Move Affects Indian Businesses Landers […]
Business
May 9, 2024
Stake Doubles Down on India as IPL Betting Explodes
Stake.com, a leading crypto betting operator, continues to capitalize on the Indian market as its competitors pull out. The other companies’ loss is Stake’s win as Indian Premier League bettors have already wagered over $100 million this season alone. Some of Stake’s competitors were alienated by the GST flat tax on turnover. This notably included […]
Business
May 7, 2024
Kindred Highlights Bengaluru as Silicon Valley of India
On its way to expansion, the online gambling operator that consists of nine globally recognizable brands, Kindred Group, announced it will seek talent in Bengaluru, India. The company is establishing its new Tech Hub in the city and seeks to access the rich pool of technical experts in the region. Kindred’s new Tech Hub in […]
Industry
April 1, 2024
Indian Man Ends Own Life Over Gambling Struggles
A 29-year-old Indian man by the name of Gururajan has hanged himself over gambling, demonstrating the dangers of excessive spending. The man’s friends tried to save his life and rushed him to the hospital but it was too late. Gururajan was an employee of a BPO firm in Perungudi. His parents told the police that, […]
Industry
March 22, 2024
India’s MIB Issues Advisory Against Online Betting Promotions
India’s Ministry of Information and Broadcasting (MIB) has issued a stern advisory urging social media influencers and endorsers to abstain from promoting or endorsing offshore online betting and gambling platforms. The advisory highlights the potential financial and socio-economic ramifications associated with online betting and gambling, particularly among the youth demographic. MIB Issues Warning to Social […]
Industry
March 4, 2024
Legal Obstacles May Impact the Growth of India’s Gaming Sector
India, the country with the highest population and fifth-largest economy on the globe, can benefit significantly from legalized gambling. The worldwide availability of smartphones and easy access to the internet grants millions of users access to online gambling activities and Indians are not an exception. While the country doesn’t prohibit online betting, only a couple […]
Business
January 15, 2024
Android Allows RMG Apps in Three Markets, Announces Fee Changes
Android has officially allowed real-money gaming (RMG) apps to appear on the Google Play store in Brazil, India and Mexico. The decision will come into force on June 30, 2024. Android also allowed developers trialing RMGs in India and Mexico to continue offering their pilot products until the official launch. In line with the approval […]
Industry
January 4, 2024
India: Five Arrested in Police Operation against Illegal Gambling
Countries across the globe continuously fight against illegal gambling activities. The black market is often tied to criminal activities, including money laundering and terrorism financing but also increases violent crimes. India is one of the countries in Asia that has an ongoing dedication to fight illegal gambling. Recently, a massive raid resulted in the arrest […]
