Page 18 of Online Gaming

Loco Legends launches with exclusive partnerships with the most popular Esports teams in India including 8bit, s0ul, Godlike, Revenant, Blind, and XO among others

Loco rolls out NFT platform ‘Legends’ for Esports

Loco goes live with over 50 Indian Esports teams and gaming influencers, empowers users to own NFTs

Updated: June 27, 2022 12:01 IST

The offer also includes a reservation for subscription by eligible employees and Delta shareholders.

Deltatech Gaming files Rs 550 crore IPO papers with Sebi

The proceeds from the fresh issuance worth Rs 150 crore will be utilised for organic growth, through marketing and business…

Updated: June 17, 2022 16:09 IST

One big new challenge as part of Nexon's expansion will to generate returns from higher-budget Western games.

Japan game giant Nexon plots western expansion

Last year it completed the acquisition of Stockholm-based Embark Studios, whose founder led development of the hit “Battlefield” franchise

June 13, 2022 11:33 IST

Rooter, Rooter Diamonds, Piyush Kumar, game streaming platform rooter,

Rooter to invest Rs 77- 96 crore in marketing in FY23; aims to clock revenue of Rs 60 crore

The company which declined to comment on the loss, aims to have a userbase of 25 million month active users…

June 1, 2022 09:58 IST

The biggest challenge is talent for building AAA games

Mayhem Studios launches its Battle Royale game ‘Underworld Gang Wars’; expects in-app purchase to be the dominant revenue model

‘India will be a very big hub for global games to come out from here’

May 27, 2022 10:01 IST

PlayStation is aiming to keep pace with industry change that has seen cloud technology and the increased computing power of smartphones untether users from bulky hardware and more money spent by gamers in free-to-play online titles

Sony to ramp up PS5 production and broaden games portfolio

We’re planning for heavy further increases in console production, taking us to production levels that we’ve never achieved before, Jim…

May 26, 2022 12:20 IST

GoM’s proposal of 28% GST: Black market will thrive, FDI will be hit, says gaming industry

There is a real risk that such a broad regulatory framework will stifle the growth of legitimate skill gaming businesses,…

May 26, 2022 02:45 IST

Penta Esprots, Penta Amateur League, Anurag Khurana,

Penta Esports to launch three more leagues this year; aims to break-even by FY23

After the launch of six-month long Penta Amateur League, the company aims to launch three more leagues this fiscal along…

Updated: May 24, 2022 12:48 IST

Amend IT Act to regulate online gaming

The sunrise industry needs regulatory clarity to build on the good, minimise the bad and eliminate the ugly associated with…

May 21, 2022 04:45 IST

Online gaming and GST in India – Is the adoption of global best practices a far cry?

‘The gaming industry has been waiting with hope and optimism for the outcome of the meeting of the Group of…

May 20, 2022 13:05 IST

Online gaming is taxed at 18% of the platform fee, which works out to 5-20% of the contest entry amount. The gaming industry has been urging the government to keep the online gaming tax rate at 18% to promote the industry.

Group of ministers for raising GST on online gaming to 28%

However, it was not immediately clear whether the enhanced GST rate would be on the full contest entry amount (platform…

May 19, 2022 05:15 IST

Gaming vs Gambling, Skill vs Chance: Controversy surrounds the Gaming industry in India

‘Gambling has been a topic of moral policing since ancient times and has been facing backlash from many states in…

May 18, 2022 12:40 IST

The firm is a gaming gatekeeper with its PlayStation 5 console, however observers point to the risk presented by the growth of cross-platform, cloud-based titles and their potential to reduce the influence of proprietary platforms.

Sony readies for metaverse revolution with cross-platform push

Sony’s game, music and movie units contributed two-thirds of operating income in the year ended March, underscoring the group’s transformation…

Updated: May 18, 2022 11:16 IST

Taxation: The right wager on online gaming

Basing the GST rate for online skill-gaming on the overall pool of money wagered by the players instead of the…

May 16, 2022 04:15 IST

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