India’s top financial crime-fighting agency has summoned senior executives from Google and Meta as part of a widening investigation into the online betting industry. The Enforcement Directorate (ED) is examining whether the tech firms facilitated the promotion of illegal betting apps, potentially violating advertising laws and money laundering regulations. The executives have been ordered to […]
India
Head Digital Works Acquires Adda52 in ₹491 Crore Gaming Industry Merger
In a significant move that reshapes India’s online gaming landscape, Head Digital Works (HDW) has announced its acquisition of Deltatech Gaming Ltd (DGL), the operator of popular poker platform Adda52, in a deal valued at ₹491 crore. The strategic acquisition combines two of India’s leading skill-gaming platforms, marking a major consolidation in the country’s rapidly […]
Supreme Court Ruling Sparks Debate on GST for Online Gaming
In a landmark decision on 10 January 2025, the Supreme Court of India temporarily stayed ₹1.12 lakh crore in Goods and Services Tax (GST) show-cause notices issued to online gaming companies. This decision, which halts proceedings until a conclusive resolution is reached, provides much-needed relief to an industry already grappling with regulatory uncertainties. The Court […]
