Tag Archives: india

India’s Andhra Pradesh imposes blanket ban on online gambling

New measures have been put in place in the Indian state of Andhra Pradesh which impose a blanket ban on online gambling, targeting direct restrictions on online poker and rummy services. Perni Venkataramaiah, the state’s Minister of Transport, Information and PR, confirmed the news, stating that the Council of Ministers had agreed to amend the state’s 1974 Gaming Act to …

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Paytm First Games reveals two-tournament India esports launch

Paytm

Paytm First Games (PFG) has switched attention to the Indian esports market after launching separate online tournaments in partnership with the Esports Players League (ESPL) and Garena Partners. The dual announcement comes at a time when online gaming is picking up as a form of stay-at-home entertainment. The Indian public are currently living under government-imposed lockdown measures until 3 May …

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SBC’s Year In Review: March 2019’s big betting news

As 2019 comes to a close SBC looks through the year to highlight major news that you might have missed in the sports betting world.  This third edition looks at March and more specifically at VAR, the relationship between betting sponsorship and football, sports betting in India, and the expected innovations for 2019. Joe Petyt, Sky Bet: Taking a step …

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Gaurav Assomull: Livepools – Fantasy numbers a realistic goal in India

Livepools

Growing player numbers from 300,000 to 10 million in just two-and-a-half years may seem like an impossible goal for any business, but as Gaurav Assomull of fantasy sports platform LivePools explains, conditions in India are right for exactly that kind of expansion. The continuing lack of regulated online gambling markets in all but two of India’s 36 states and union …

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Vereeni backs Indian DFS enterprise Nostragamus

Industry venture capital fund Vereeni Investments has confirmed a ‘seven-figure’ investment in fast-growth Indian fantasy sports app ‘Nostragamus’. Vereeni undertakes its enterprise investment in Nostragamus, participating in a funding round led by Mumbai-based investment bank Incorp Advisory. In its investment notes, Vereeni underlines Nostragamus popularity with Indian sports fans, which seen its app record +5 million downloads to date, whilst …

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AGTech eyes First Captains fantasy growth through Kabaddi

Kabaddi

AGTech has added new Kabaddi games to daily fantasy sports (DFS) site First Captains, which sits on the popular Paytm First Games platform. Formerly known as Gamepind, Paytm First Games is a gaming destination running as a joint venture (JV) between Paytm as operator and AGTech Holdings as the technical service and sports content provider. Charlie Zhang, Vice President of …

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Paytm targets number 1 fantasy sports status in India

Paytm

Having rebranded its gaming platform from Gamepind to FirstGames, parent company Paytm has set about delivering India’s number one fantasy sports destination. The fintech firm is also looking to raise $30 million to fund the continued expansion of the platform – a joint venture with AGTech Holdings Limited. Despite only launching in February 2018, it reached over 30 million users …

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Sportito launches fantasy platform in India

Fantasy sports platform Sportito has bolstered its position in the Indian market after attracting over 500 registrations to its Sportito India platform in its first 2 hours of operation. The platform has attributed its recent uptake in followers to the  fantasy contest on the ICC Cricket World Cup, which has just started. While operating in the new market, Sportito India …

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Indian DFS scene faces GST tax conundrum

Indian business news sources have reported that the nation’s tax authorities are revising how to charge a ‘goods and services tax (GST)’ on the burgeoning Indian daily fantasy sports (DFS) industry. State level tax authorities are said to be reviewing whether to charge DFS operators on GST applicable to net commission earned from DFS games and prize pools, or whether …

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Dream11 valued at $1bn after recent Steadview investment

Indian fantasy sports gaming platform Dream11 has become the first gaming company in India to join the exclusive ‘unicorn club’, after Hong Kong-based Steadview Capital bought an undisclosed stake in the startup, valuing the company at over $1bn. Investment from Chinese online gaming giant Tencent, along with others, also resulted in a $100 million funding round which significantly helped the …

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