China's latest move to curb excessive spending on Gaming. The rules target in-game purchases and compulsive playing behaviour. Watch the video to know more!

Explained: What China's stance on gaming means for investors

China's latest move to curb excessive spending on Gaming. The rules target in-game purchases and compulsive playing behaviour.

China drafts new rules for online gaming

Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world's biggest games market, which returned to growth this year.

China announces rules to reduce spending on video games

Sony Corporation faced a 29 per cent dip in operating profit during the July-September quarter, reporting 263 billion yen ($1.74 billion), Reuters reported on Tuesday.

Sony's profits slide 29pc amid chip slump

Beyond gaming, Nintendo announced on Wednesday its ambitious plan to develop a live-action film based on the iconic "The Legend of Zelda" franchise. Riding high on the success of its animated "Super Mario Bros" movie earlier this year, the Kyoto-based company aims to capitalise on the growing box-office appeal of video game adaptations.

Nintendo dives into cinematic realm with 'The Legend of Zelda'

Japanese gaming giant Nintendo has raised its operating profit forecast for the financial year ending in March 2024 by 11 per cent, projecting a figure of 500 billion yen (approximately $3.

Nintendo raises profit outlook as Nintendo Switch remains a gaming force 

GST authorities have served show cause notices totaling Rs1 trillion to online gaming companies for alleged tax evasion thus far, a senior official was quoted as saying by news agency PTI on Wednesday.

India: Tax crackdown on online gaming companies, GST authorities issue notices

Our next story is for gaming enthusiasts. Fortnite players who were tricked into making unwanted purchases can now get their money back. Watch our next story for more details.

How to claim your Fortnite refund

Netflix first introduced gaming for its users on mobile back in 2021. Now, the streaming giant is taking the next step to make these games playable on a variety of devices.

Netflix rolls out beta test for gaming on TV & computer

There seems to be some relief for India's online gaming industry. Finance Minister Nirmala Sitharaman said on Wednesday, the taxes will be levied on funds deposited to pay online games.

Big update on India's online gaming sector

the Indian government on Tuesday decided to impose 28 goods and services tax on online Indian gaming companies as well as in horse racing and also for casinos. After the announcement, the shares of the Indian gaming companies fell pretty drastically.

Indian gaming companies under tax radar

India's online gaming industry is blazing through to ‘advanced levels’. The government is planning to ban three types of online games. The move comes amid a rise in cases of online gaming addiction.

What are the three kinds of online games that the Government of India plans to ban?

Police in the northern Indian state of Uttar Pradesh claimed to have uncovered a racket involving religious conversion through an alleged gaming app. The Ministry of Home Affairs and the UP government have now sought a detailed report on the case and the modus operandi used to allegedly lure the youngsters.

India: Gang allegedly using gaming app for religious conversion; Centre seeks detailed report

The Karnataka High Court on Thursday overturned the imposition of Goods and Services Tax (GST) worth Rs 21,000 crore on Gameskraft Technologies Pvt. Ltd. (GTPL).

Karnataka High Court quashes Rs 21,000 crore GST on Gameskraft Technologies

From an iconic video game to the highest grossing movie of the year, Mario's journey from video games screen to the silver screen in 2023 has been magical. The movie premiered on 5th of April and it had managed to surpass 1 Billion Dollars in ticket sales worldwide by the end of the month. It's current earnings stand at 1.15 Billion Dollars.

'The Super Mario Bros. Movie' smashes all records

Adjusted sales in the quarter ended Dec. 31 came in at $3.57 billion, compared with analysts' estimate of $3.16 billion, according to Refinitiv data. Watch video to know more.

'Call of Duty' steers activision sales

Federal Trade Commission (FTC) in the US filed a complaint on Thursday (December 8) that was aimed at blocking Microsoft's USD 69 billion bid to buy 'Call of Duty' maker gaming giant Activision.

US competition watchdog seeks to stop Microsoft-Activision mega gaming deal

A lawsuit filed in San Francisco accuses online gaming firm Roblox Corp of enabling a California girl's sexual and financial exploitation by adult men.

Tech Talk: Roblox sued over girl's sexual and financial exploitation

In a major crackdown on unlicensed online gaming businesses, the Philippines government on Tuesday announced that it will shut more than 175 gambling dens and deport about 40,000 Chinese workers.

Philippines cracks down on gambling; to shut 175 offshore firms, deport 40,000 Chinese workers

In what has turned out to be the biggest-ever show cause notice served by it, India's Directorate General of GST Intelligence (DGGI) has asked a gaming company why it has failed to pay Goods and Services Tax (GST) amounting to USD 2.

India's tax intel wing slaps $2.58bn notice on gaming company that runs online rummy

Indian online gaming company WinZO has filed a lawsuit against Google, alleging that the internet giant's decision to permit real-money fantasy sports and rummy games on its platform is discriminatory.

Indian 'fantasy' gaming platform sues Google to stop new gaming policy, calls it discriminatory

It was last year this month that the Xi Jinping government in China started a crackdown on the gaming industry by describing video games as ‘spiritual opium’. A year on and China's biggest technology giant, Tencent Holdings is mulling venturing overseas.

Troubled by crackdown on gaming industry, Tencent mulls venturing overseas

What is your dream job? There are companies that are ready to pay you for sleeping. There are jobs that are offering binge-watching TV series and gaming. There are also jobs involve eating candy or cheering for your team. Palki Sharma has a report.

Gravitas: Jobs that involve sleeping, eating, gaming and tasting candy

Gamers rejoice! Because a study has concluded that gaming does not have effect on people's well-being. The study has been carried out by Oxford University. Actual gameplay was tracked rather than just a survey of experience of gamers.

Gaming doesn't have effect on wellbeing, says Oxford University study

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