Kavin Bharti Mittal, founder of Hike’s casual real-money gaming (RMG) platform Rush, has announced that the company will exit India completely and focus fully on the United States and other global markets. Mittal shared the decision in a detailed post on August 21, citing regulatory uncertainty and better opportunities abroad. “Over the past few years,…
Shares of Nazara Technologies Ltd slipped 4.91 per cent to close at Rs 1,146 on Friday after its associate company, Moonshine Technologies Private Limited which operates PokerBaazi and other card-based gaming platforms announced it has ceased offering real-money online gaming. Nazara holds a 46.07 per cent stake in Moonshine. The move follows the recent passage of the Online…
The Lok Sabha on Wednesday cleared the Promotion and Regulation of Online Gaming Bill, 2025 — a draft legislation aimed at setting ground rules for online gaming platforms. The draft law will have to now see the passage in the Rajya Sabha and then secure the President’s assent in order to take effect. Online Gaming…