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  • Maharashtra Decides to Ban Online Lotteries

    The Maharashtra government has decided to ban online lotteries of other states, as there is no way to track online sales of lotteries, which leads to loss of revenue for the state. Maharashtra’s Deputy Chief Minister and Finance Minister Ajit Pawar has decided to make this move to ban online lotteries in the state, as... (See Article)

    Jan 20, 2020 9:33 AM

  • Suit In India Over Discriminatory Citizenship Law

    In India, the state of Kerala has filed suit in the Supreme Court challenging as discriminatory the Citizenship Amendment Act, 2019, and various prior rules on citizenship for members of certain religious minorities who entered the country illegally. The complaint (full text) in State of Kerala v. Union of India, (India Sup. Ct., filed 1/14/2020), alleges in... (See Article)

    Jan 20, 2020 7:33 AM

  • Bill Classifying Poker, Fantasy Sports as Skill Games Introduced in Nebraska

    A legislation defining various games like poker, fantasy games and sports betting as games of skills has been introduced by state Sen. Justin Wayne (D-Omaha) in Nebraska, United States of America, as reported by Cards Chat. Currently, Nebraska doesn’t allow gambling in most forms. If the bill is passed, it will allow operators in the... (See Article)

    Jan 20, 2020 7:33 AM

  • Recap of Key Labour Law Developments of 2019 & Looking Forward to 2020

    The year 2019 can be said to be a watershed year in relation to the employment law regime in India. The Indian government took various steps to simplify and streamline the dated employment legislations, veritably in a bid to rise up in the index of Ease of Doing Business in India. The courts in India... (See Article)

    Jan 15, 2020 7:33 AM

  • Delta Corp Reports Flat Revenues, Lower EBIDTA, 9% jump in Net Profit

    Listed online gaming and casino company Delta Corp Limited announced its results for the third quarter of financial year 2019-20. The company declared that its consolidated net revenues for the period October-December 2019 was Rs. 205.13 crores, which was roughly the same as the revenues it earned for quarter three last year. – Delta’s EBIDTA... (See Article)

    Jan 15, 2020 7:33 AM

  • Episode 295: The line between deepfake legislation and deeply fake legislation

      There’s a fine line between legislation addressing deepfakes and legislation that is itself a deep fake. Nate Jones reports on the only federal legislation addressing the problem so far. I claim that it is well short of a serious regulatory effort – and pretty close to a fake law. In contrast, India seems serious... (See Article)

    Jan 15, 2020 7:33 AM

  • Cross-border Demergers – Lack of Legislative Intent?

    In the matter of Sun Pharmaceuticals Industries Limited, the Ahmedabad bench of the NCLT has ruled that Section 234 of the Companies Act, 2013 and the FEMA Cross Border Merger Regulations, 2018, do not permit cross-border demergers. Sun Pharma sought to demerge two of its investment undertakings in India into two overseas resulting companies, based... (See Article)

    Jan 14, 2020 9:33 AM

  • Being Responsible Corporate Citizens – How Mutual Funds and Alternative Investment Funds will Rise Up to the Stewardship code

    Introduction On December 24, 2019, Securities and Exchange Board of India (“SEBI”) released a circular setting up a stewardship code for Asset Management Companies (“AMCs”), Mutual Funds (“MFs”) and all the categories of Alternative Investment Funds (“AIFs”) investing in listed Indian companies (“Stewardship Code” or “Code”). In keeping with global trends, SEBI has made it... (See Article)

    Jan 14, 2020 7:33 AM

  • Gujarat HC Defers Poker Matter to 17th February

    The Gujarat High Court once again deferred the hearings of letters patent appeals filed against a single judge bench’s order ruling poker to be a game of chance. A division bench of the High Court comprising of Chief Justice Vikram Nath and Justice AJ Shastri did not hear the appeals that were scheduled for arguments... (See Article)

    Jan 13, 2020 7:33 AM

  • Another PIL against Dream11 pending in Bombay HC

    Although the Bombay High Court dismissed a petition alleging that leading fantasy sports operator Dream11 was involved in gambling and Goods and Services Tax (GST) evasion on 30th April, 2019, another PIL filed against the central and state government, Dream11 and its founder directors Harsh Jain and Bhavit Sheth has been pending since 5th April,... (See Article)

    Jan 13, 2020 7:33 AM

  • Game Streaming Platform Rheo TV Raises $2 Million

    Rheo TV, an online e-streaming and community platform, raised USD 2 million in an investment round led by Sequoia Capital India’s Surge, Lightspeed and other angel investors. “With this fundraise, Rheo is looking at product and content development and to hire new talent,” said Saksham Keshri, Co-founder and CEO, Rheo. – They are looking at... (See Article)

    Jan 10, 2020 9:33 AM

  • Evolving Private Equity Trends in India – Buyout Transactions

    INTRODUCTION Private equity (PE) transactions in India conventionally comprised minority investments in Indian companies. However, maturing market conditions and an increasingly favouring regulatory landscape have been providing tailwinds to PE firms to undertake buyout transactions. Many PE firms investing in India have gained significant experience to deal with the governance and regulatory risks that Indian... (See Article)

    Jan 10, 2020 7:33 AM

  • Online lottery distributor Playwin defaults on Loan Repayments, Insolvency Petition filed

    Essel Group promoted Pan India Network Limited, which distributes online lotteries of various state governments under the ‘Playwin’ brand has defaulted on payment of various dues and loans of operational creditors. As per the order of the Mumbai bench of the National Company Law Tribunal (NCLT), Pan India Network has defaulted on loans exceeding Rs.... (See Article)

    Jan 10, 2020 7:33 AM

  • Paytm First Games Stats for 2019: 45 Ml. Users, 485.16 Cr of Winnings and More

    Paytm First Games (earlier known as Gamepind) recently released a report called Gamestats 2019, which reported various stats about their gaming app’s performance in the previous year. As per the report, 45 million users registered on Paytm First Games app in 2019. The platform hosts around 200 games. The biggest amount won by a single... (See Article)

    Jan 10, 2020 7:33 AM

  • India Supreme Court: State Commission Can Choose Teachers For Madrassas

    In Rafique v. Managing Committee, Contai Rahamania High Madrasah,(India Sup. Ct., Jan. 6, 2020), a 2-judge panel of India’s Supreme Court in a 151-page opinion upheld a law in the state of West Bengal under which a government appointed Commission selects teachers for Islamic Madrassas. The Court held that the Act does not infringe on the right... (See Article)

    Jan 9, 2020 7:33 AM

  • Control Deals Involving Tender Offers: Flashback 2019

    Control deals are gaining popularity because of the ability of the incoming controlling shareholder to control the ‘when’ and ‘how’ of the functioning of the business that is housed in the company. Additionally, the stigma associated with promoter’s relinquishing control of their companies is on the wane in India. Despite the market conditions, 2019 saw... (See Article)

    Jan 8, 2020 7:33 AM

  • Multi-crore Baazi Poker Tour and IPC Events in Goa in January 2020

    ‘Tis the season for Poker players in India, as the year 2020 is starting with back-to-back multi-crore poker events, Baazi Poker Tour (BPT) and Indian Poker Championship (IPC), being hosted in Goa in January 2020. Pokerbaazi.com is hosting Baazi Poker Tour ‘20 (BPT ‘20), the third edition of the poker event. The event started on... (See Article)

    Jan 5, 2020 12:47 AM

  • Baazi Games to Invest $5 million in Innovative Gaming Startups

    Baazi Games Group  is set to invest $5 million in the Indian gaming industry. The company is seeking to invest in innovative startups that will develop the latest technology for the gaming industry in the country, as reported by The Bridge. As per Statista.com, the Indian gaming industry has a market value of around Rs.... (See Article)

    Dec 30, 2019 9:32 AM

  • Puducherry on path to Legalise Casinos but LG expresses Opposition

    The Union Territory of Puducherry may be on the path to legalise and permit casinos in the region after three years of dithering and deliberations. As per media reports, although the elected government headed by Chief Minister V Narayanasamy has almost made up its mind to allow casinos in the state for the purpose of... (See Article)

    Dec 30, 2019 7:33 AM

  • GST Council Votes to Change Lottery Slab to Flat 28 Per Cent

    The 38th meeting of the Goods and Services Tax (GST) council on Wednesday saw a new practice to reach a decision on taxation of state and authorised lotteries. The states, for the first time, voted on the matter, as there were wide differences over whether there should be a single rate or dual rates on... (See Article)

    Dec 24, 2019 7:33 AM

  • Fantasy Sports are Strategy and Skill Dominant as per IIMB-Cartesian Study Findings

    A recent study by the Indian Institute of Management, Bangalore (IIM-B) and Cartesian Consulting Pvt. Ltd. has concluded that fantasy sports players use strategic and skill-dominant techniques rather than relying on chance to play fantasy sports. The study, titled ‘Fantasy Sports: A Game of Skill or Chance’, was led by Dr. U Dinesh Kumar, Professor,... (See Article)

    Dec 23, 2019 9:32 AM

  • Gujarat HC Poker hearings moved to January 2020

    A division bench of the Gujarat High Court comprising of Chief Justice Vikram Nath and Justice AJ Shastri did not hear appeals challenging ban on poker in Gujarat on the scheduled date of 19th December. Letters patent appeals filed by Indian Poker Association Secretary KN Suresh, Dominance Games Private Limited, Aman Chhabra and Hotel Ramada,... (See Article)

    Dec 23, 2019 7:33 AM

  • India’s Supreme Couirt Will Review Controversial Citizenship Law Amendments

    On Dec. 12, India’s Citizenship (Amendment) Act, 2019 (full text) that was passed by Parliament received assent of the President.  The controversial new law  allows migrants who came into India from Afghanistan, Bangladesh, or Pakistan on or before December 31, 2014, and who belong to the Hindu, Sikh, Buddhist, Jain, Parsi, or Christian religious communities, to... (See Article)

    Dec 20, 2019 7:33 AM

  • India’s Draft Data Privacy Bill Introduced in Parliament

    On December 11, 2019, an updated version of India's draft data privacy bill was introduced in the Indian Parliament by the Ministry of Electronics and Information Technology. (See Article)

    Dec 20, 2019 7:33 AM

  • Online Gaming Startup Rein Games Raises Rs 5 Cr from Ranjan Pai, Titan Capital

    Noida-based Rein Games Pvt. Ltd. raised Rs. 5 crore (around $705k) in a seed funding round led by Dr. Ranjan Pai’s Manipal Education and Medical Group (MEMG) family office, Titan Capital and a few other high net-worth individual investors (HNIs). As per Rein Games, the funds raised will be used for enhanced product development, customer... (See Article)

    Dec 20, 2019 7:33 AM

  • MPL Releases Video Campaign with Winners of ‘Meet Virat’ Contest

    Mobile Premier League (MPL) released a video campaign that features top 10 winners of their recent ‘Meet Virat’ Contest. The video campaign represents the user-centric branding of MPL. The contest held from November 15 to November 22 required players to play any fantasy sports on the platform and win big. The top 10 winners on... (See Article)

    Dec 18, 2019 7:33 AM

  • The Rummy Federation Awards Accreditation Seal to Four Operators in India

    The Rummy Federation (TRF), the self-regulatory body for the online rummy industry in India, awarded the TRF Dynamic Seal, a seal of accreditation to four operators in the country, in an event held in New Delhi last week. As per TRF, the online rummy industry in India is worth Rs. 2200 crore and caters to... (See Article)

    Dec 17, 2019 7:33 AM

  • India Proposes Updated Personal Data Protection Bill

    More than a year after the Government of India’s Committee of Experts released a draft Personal Data Protection Bill in July 2018 (the “2018 draft”), India is one step closer to passing a comprehensive data privacy law. On December 11, 2019, India’s Minister for Electronics and Information Technology introduced an updated draft of Personal Data... (See Article)

    Dec 16, 2019 7:33 AM

  • SC Dismisses all GST Evasion and Gambling Appeals filed against Dream11, Centre can approach HC again

    A division bench of the Supreme Court comprising Justices Rohinton Nariman and S. Ravindra Bhat today dismissed Special Leave Petitions filed by lawyer Gurdeep Singh Sachar, Department of Revenue, Union of India and State of Maharashtra against a Bombay High Court order dated 30th April, 2019 in Gurdeep Singh Sachar v. Union of India &... (See Article)

    Dec 16, 2019 7:33 AM

  • MPL Conducts Esports and Mobile Gaming Awareness Meet at IIM Ahmedabad

    Leading esports and digital gaming platform Mobile Premier League (MPL) recently conducted an event at Indian Institute of Management, Ahmedabad (IIM-A) to raise awareness about mobile gaming and esports industry and career options in the industry. As per a report by IFSG-KPMG, the esports industry in India is worth around INR 43.8 billion and is... (See Article)

    Dec 13, 2019 7:33 AM