Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
More real money gaming platforms shut shop
Financial Express Kochi
|August 23, 2025
SHUTDOWNS IN THE real money gaming (RMG) sector continued on Friday, with WinZO, Head Digital Works and PokerBaazi announcing the closure of their paid gaming operations.
The Promotion and Regulation of Online Gaming Bill, 2025, which was earlier passed by both Houses of Parliament, received the Presidential assent on Friday. It imposes a blanket ban on all real money gaming, regardless of whether the games are based on skill or chance.
WinZO, which has over 250 million users and hosts 100+ games in 15 languages, said it was "responsibly withdrawing impacted offerings effective August 2025 in compliance with the new law." The platform, which positioned itself as an "alternative to app-store monopolies," has attracted global investors, including Kalaari Capital, Griffin Gaming Partners, and Steve Pagliuca, co-chair of Bain Capital and owner of the Boston Celtics.
Dit verhaal komt uit de August 23, 2025-editie van Financial Express Kochi.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Financial Express Kochi
Financial Express Kochi
Tejas fighter jet crash hits India’s export ambitions
THE CRASH OF TEJAS fighter in front of global arms buyers at the Dubai Airshow is the latest blow to a key national trophy, leaving the jet reliant on Indian military orders to sustain its role as a showcase of home-built defence technology.
1 min
November 24, 2025
Financial Express Kochi
Premium for ‘experience’ widens in realty projects
Branded developers rake it in with the promise of quality
1 mins
November 24, 2025
Financial Express Kochi
When tech comes calling
THE TUMULTUOUS CHANGES taking place in the hospitality industry in the context of AI intervention calls for recognition of the new realities for managing the business. It is not an easy task to have AI engaged at every level in the business. Traditionally managed by multitudes of grey-collared personnel, if leaders can get the human-AI partnership work for all, it could be a game-changer.
2 mins
November 24, 2025
Financial Express Kochi
Meta pulled up for hiding mental health harm claims
US COURT FILINGS ALLEGE
3 mins
November 24, 2025
Financial Express Kochi
Pulses imports plunge 45% in April-October
IMPORTS OF PULSES have contracted in the eight months through October as domestic production improved, reports Saikat Neogi.
1 min
November 24, 2025
Financial Express Kochi
Agritech funding plunges over profitability concerns
INDUSTRY EXPERTS EXPECT REVIVAL IN 2026
2 mins
November 24, 2025
Financial Express Kochi
LNG import bill declines 13% to $8 bn in Apr-Oct
EXPENSE EASES
1 mins
November 24, 2025
Financial Express Kochi
Qualcomm’s pitch for PC upgrade wave
INDIAN ENGINEERING IS at the heart of Qualcomm’s new Snapdragon X2 Elite and Extreme chips, which will power next-generation Windows PCs in the coming months.
1 mins
November 24, 2025
Financial Express Kochi
Purple Ascent
HOW ALATE-NIGHT IDEA TURNED INTO A BEAUTY POWERHOUSE, TAKING THE PERSONAL CARE PLATFORM FROM A SIX-MEMBER LOFT OFFICE TO A DATA-DRIVEN GIANT
4 mins
November 24, 2025
Financial Express Kochi
States’ capex likely grew 10% in April-October
CAPITAL EXPENDITURE BY state governments likely grew 10% on-year in the first seven months of the current financial year, but revenue expenditure growth was a modest 4% during the period.
1 mins
November 24, 2025
Listen
Translate
Change font size