Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry
Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.
Microsoft successfully completes mega $69 billion Activision purchase deal
London: Microsoft has successfully finalized its $69 billion acquisition of Activision Blizzard, marking a significant move in the video game industry, Bloomberg reported.
Mobile Premier League expands in Africa
New Delhi: Mobile Premier League (MPL), the mobile esports and digital gaming platform, has officially launched its app in Nigeria, marking its first foray into the African gaming market.
Mumbai: Sports collectibles and skill gaming company BuyStars Wednesday said it has raised $5 million in pre-series A round led by Indian Gaming and Interactive-focused VC Fund Lumikai, Chiratae and Leo Capital.
Mumbai: The gaming sector is expected to grow by 20%-30% and is likely to add 1 lakh direct and indirect new jobs by FY 23, according to a report.
India’s Gaming Market Hits $2.6Bn; Projected to reach $8.6Bn by 2027: Report
India was the world’s largest consumer of mobile games in FY22 with 15 billion downloads, according to a report by an Indian Gaming, and Interactive Media Venture Capital.
More ways of depositing money in online betting for the Indian players
With the digital transformation, the betting industry has moved online, and it has new aged starts-ups which is accessible to the world. Since last year, the Indians have worked from home because of the COVID-19 pandemic. It has given many facilities which have also given rise to many hobbies.
Should Online Betting Be Legal in India?
Online betting is a huge trending topic in India. Millions of Indians are extremely open to the idea of using the Internet’s full potential, especially when it comes to online betting. Research has shown that they are extremely open to the idea of wagering their money. But, there is one big problem – online betting is considered an illegal activity according to the Public Gambling Act of India.