Thursday, September 24, 2020

India

MPL raises US$90 million in new funding

MPL raises US$90 million in new funding

Mobile Premier League (MPL) has raised $90 million in new financing and plans expansion outside India.
Paytm and Google dispute over suspected gambling payments

Paytm and Google dispute over suspected gambling payments

Paytm, one of India’s largest mobile payment apps, was temporarily removed from the Google Play Store on Friday over allegations that it had breached...
Maharashtra studying legalization of online gambling

Maharashtra studying legalization of online gambling

Maharashtra, an Indian state with a population far in excess of 100 million people, is studying the possibility of legalizing online gambling as a...
online gambling sites block

Madras court wants state government to block online gambling sites

The Madras High Court is stepping up its pressure on the Tamil Nadu government to come down hard on the online gambling industry, including...
New funding round values Dream Sports

New funding round values Dream Sports at US$2.5 billion

Dream Sports, the parent company of Dream11, has secured new funding worth $225 million, valuing the fantasy league company at $2.5 billion. 

Real money games in India “next big segment”

Real money games in India are the “next big segment” seeing compound average growth of 40 percent a year, according to a report from Bernstein Research.

Covid-19 triggers spike in regulation chatter

The spike in online gambling during the Covid-19 lockdowns has triggered greater chatter amongst politicians in India to regulate and tax online gambling, says igaming consultant Anutosh Chatterjee.
Dream11 fends off court challenges over its legality

Dream11 fends off court challenges over its legality

The fantasy gaming firm Dream11 has been defending, so far successfully, a series of challenges to its legality in the courts of India. The most...

IPL to mark bounce back for India’s online fantasy games

While the legality of sports betting in India remains a question of debate, betting on online fantasy sports (OFS) has been the biggest growth area of the country’s online skill-based gaming industry.

Andhra Pradesh bans all online gambling

The Indian state of Andhra Pradesh has taken the decision to ban all online gambling, including poker and rummy, because it’s pushing youth down the wrong path.

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Philippines seeks to squeeze more tax from POGOs

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