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Highest tax slab on online gaming may stunt growth

NEW DELHI: The government's plan to levy the highest goods and services tax (GST) slab on online gaming has the industry worrying about future growth plans. Industry experts and executives said that it could stunt the growth of online gaming firms and force fantasy sports firms to reduce the prize pools they offer, which could drive their big users…
Finance
Highest tax slab on online gaming may stunt growth
BW Businessworld

Karnataka HC Strikes Down State s Online Gambling Law Gaming Industry Leaders Reacts

These petitions had challenged the constitutional legitimacy of revisions made to the Karnataka Police (Amendment) Act that had prohibited all types of internet gaming where the move of money is involved. Amid the months-long controversy, the Karnataka High Court, on Monday struck down the state's online gambling law as unconstitutional. On…
Law
Karnataka HC Strikes Down State s Online Gambling Law Gaming Industry Leaders Reacts
Super Slots
BW Businessworld

Karnataka Govt Bans Online Gaming To Stop Digital Gambling Causes Uproar

Chief Minister Basavaraj Bommai said the proposal is not valid for online games that strictly comply with the "game of skills". 1630347669_u3u7wF_Untitled_design_17_.jpg Amid all the controversy and flak from the gaming industry, the Karnataka Assembly has passed an amendment to the Karnataka Police Act, 1963, which seeks to ban online gaming and…
Industry
Karnataka Govt Bans Online Gaming To Stop Digital Gambling Causes Uproar