online gaming

Even though the base of online gamers willing to make payments continues to grow, the recent increase in the goods and services tax (GST) will “moderate” monetisation per user, a joint report by real money gaming (RMG) firm Winzo and non-profit firm Interactive Entertainment and Innovation Council (IEIC) said. “Pay to Play games have historically been the largest revenue source and key driver for India’s gaming sector. Its share will mellow down over the next five years on account of high tax burden… While the industry…

New Delhi: The Union government has taken note of the growing addiction to online gaming, and has decided…

Pony Ma, chief executive and co-founder of Tencent Holdings, has said that the company's video games business faces great challenges from competitors but is catching up in artificial intelligence (AI) development. Ma, speaking at Tencent's annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming while competitors have delivered new hits. Video games account for more than 30% of Tencent's revenue. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Swiggy’s largest investor Prosus is likely to be tagged a promoter in the company as plans for trimming stake ahead of an initial public offering (IPO) haven’t materialised. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Online gaming’s latest conundrum■ Udaan CFO resigns■ GenAI in customer engagementNaspers’ Prosus may be tagged promoter in Swiggy’s $1 billion IPO As food and grocery delivery platform Swiggy prepares for its $1 billion IPO, its largest investor Prosus might be tagged…

Real money online gaming companies including Dream11, Mobile Premier League and Games24X7 are running personalised offers and schemes, in an effort to keep regular gamers and influencers hooked on the platforms amid an increase in tax liability.The goods and services tax rate on real money gaming has been increased to 28% effective October 1. The tax is applicable on the full face value, or the money that a user deposits to participate in a game.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Online gaming company Kindred Group confirmed on Sunday it has received a cash takeover bid from French group La Francaise des Jeux.The offer will be announced on Monday before the market opens, Kindred said in a statement, noting that FDJ would acquire its entire outstanding share capital.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied…

Google has announced broadening its backing for additional real-money games and has intentions to expand this backing to more countries. Initially, the trial…

343 Industries While I once enjoyed jumping into a few matches of Halo or Street Fighter, lately I almost never engage with multiplayer titles. Where we once enjoyed a game’s multiplayer component for what it was and for as long as we found it fun, an ongoing industry push toward “live services” wants those titles to be our only games. Gone are the days of jumping in and playing a round or two of capture the flag or team deathmatch for a quick burst of fun before turning the game off. Games like Fortnite, Call of…

When it comes to figuring out a formula for a hit game that keeps players coming back year after year, Saxs Persson would know. Now at Epic Games overseeing the Fortnite ecosystem, Persson previously spent 12 years at Mojang building Minecraft into the stratospheric success it is today. Persson hopped over to Epic in 2022 to work on the Fortnite maker’s roadmap, shepherding Lego Fortnite from a press release last year into a polished, ambitious standalone experience designed to draw new audiences to Fortnite’s…

If you’ve been planning on spending the tail-end of your holiday break revisiting the original Splatoon for Wii U or Super Smash Bros. for Nintendo 3DS, you could be out of luck. It looks like Nintendo has already begun to restrict the Wii U and 3DS’s ability to play online, according to multiple users and  This started just before Christmas Eve, which is a real Bowser move.We knew this was coming, but Nintendo originally said the until early April. This may not impact every player just yet, so head online with your…