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The Kerala legislative assembly passed a unanimous resolution urging the Central Government to withdraw the move to bring uniform Goods and Services Tax (GST) rate on state-run lottery and other state lotteries. As per news reports, the legislative assembly passed the resolution moved by state Finance Minister Thomas Isaac after a discussion over it on the floor of the House. – “The Centre’s move is to reduce the tax on lotteries run by intermediaries…
Paytm-backed real money gaming platform Gamepind has decided to rebrand itself to FirstGames, as per a report in the Economic Times. Gamepind, which is a joint venture between Paytm’s parent company One97 Communications Limited and Alibaba Group owned gaming technology provider AGTech Holdings, is also reportedly looking to raise further capital of US$30 million to expand its gaming platform and scale it with more games. – One97 Communications and AGTech had infused US$16 million in…
Days after announcing bidding an emotional adieu to competitive cricket, legendary cricketer Yuvraj Singh has announced that he would be endorsing fantasy sports website BalleBaazi. Commenting on his new assignment, Singh remarked that he is starting his ‘second innings’ as a captain on BalleBaazi and in a press release stated, “I am delighted to be associated with BalleBaazi.com, the ultimate cricket fantasy league. I will interact with my fans on a personal level while competing with them…
This is a guest post by Dibyojyoti Mainak, Consultant General Counsel of esports and online skill gaming company Mobile Premier League (MPL). Operating an online games of skill platform for esports and digital sports gaming (hereafter DSG) in India can be interesting. The archaic laws, undefined legal parameters, multiple state specific legislations, conflicting judicial interpretations, and lack of competent regulatory supervision make it extremely challenging for anyone to operate an online skill gaming portal. –…
Former Indian cricket captain Kapil Dev launched a new daily fantasy sports portal ‘Apne11’ at a ceremony held at The Lalit Hotel in New Delhi yesterday. The new fantasy sports portal, which has Dev as its brand ambassador has announced an introductory offer of 100% user bonus on new deposits made by customers. The company has also announced a special ‘Kapil League’ wherein the highest scorer on Kapil’s leaderboard stands a chance to win Rs.…
Goa Chief Minister Pramod Sawant defended the inclusion of casinos in the state government’s official tourism promotion video. Sawant while interacting with the local press after attending a tourism department meeting stated, “In the present circumstance, tourists are coming to visit casinos as well. Keeping in mind that Goa is a tourist place and with regards to the tourism sector, we need to promote every activity, which brings interest to tourists and also helps the…
Goa Chief Minister Pramod Sawant has told media houses that the proposed Casino Policy and appointment of a Gaming Commission are in the final stages of consideration and will be decided in due course of time. Sawant in his interaction with the media added that closure of offshore casinos will send a wrong signal to investors and the issue of casinos cannot be decided arbitrarily. – He further stated that once the policy is decided,…
One of India’s biggest print and electronic media networks in the country, the India Today Group, announced that it had launched a fantasy sports portal ‘Aaj Tak 11’ at the Salaam Cricket 2019 summit held at the Lord’s Cricket ground in London yesterday. The fantasy cricket portal was launched by former Australian cricketer Shane Warne, former Indian cricket captain Sunil Gavaskar and Chairman and Editor-in-Chief of the India Today Group, Aroon Purie. – According to…
At least four top Nepali companies are vying to buy or invest in the Silver Heritage Group owned Tiger Palace integrated casino resort in Bhairahawa located on the India-Nepal border, as per a report in local daily Kathmandu Post. Kathmandu Post further reports that the business deal for the casino resort could be worth around US$33 million. The Nepali business conglomerates interested in the deal include Chaudhary Group, IME Group, Vishal Group and a Nepali…
A division bench of the Delhi High Court comprising of Chief Justice Rajendra Menon and Justice Brijesh Sethi declined to issue an order directing interim blocking of online gambling, betting and poker websites in the PIL filed by social activist Avinash Mehrotra. “No interim relief. Let it go on,” the bench stated when advocates Prashant Kumar, Siddhartha Iyer, Saurabh Suman Sinha, Awantika Manohar and M/s AP&J Chambers, appearing on behalf of Mehrotra, pressed for…