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Daily Asia Gaming eBrief: Tax measures hampering online gaming growth in India

Good Morning. India’s online gaming sector has rampant potential for growth, but current taxation measures are limiting the options, according to a report. Retroactive taxation is causing even established companies to up their operating costs and layoff employees, limiting profitability and reducing the possibilities for operators in the space. Meanwhile, in Macau, concerns over increased pressure by authorities appear to be overdone, as whales continue to play in the SAR and their movement of funds appears unperturbed.

What you need to know


On the radar


AGB Intelligence

INDIA

Regulatory changes hamper online growth: Report

India’s online gaming sector holds massive potential for growth, but experts are worried that the current tax structure is prohibiting companies from reaching their full potential, and limiting market entrants. The current GST rate of 28 percent is stifling FDI, but the industry is still looking to add some 150,000 jobs next year. But retrospective taxing is also weighing down already established companies, with increased costs leading to more layoffs in the sector.


Corporate Spotlight

Know Your Enemy: An Interactive Guide to Online Gaming Fraud

Sumsub, Online Gaming Fraud, verification platform

Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.

How 1xBet dominates the Asian market: conditions and approach

1xBet, Asian Market

1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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