The company has been looking for large acquisitions since it pivoted its strategy over the past two months from minority transactions significant minority or full-control deals.
The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession are some of the reasons for the dip in investments in the online gaming segment.
While the GoM has conducted "a couple of informal meetings" so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid "any illegal gambling or betting, especially from off-shore players", said one of the persons, who did not wish to be identified.
Makes History as Asia's Leading Gaming Platform with Facebook and WhatsApp Business CertificationsMANILA, PHILIPPINES, Oct. 30, 2023 (GLOBE NEWSWIRE) sureWin, the leading online gaming platform, has officially embarked on its journey to revolutionize the Asian online gaming landscape. Breaking the mold, sureWin is the leading platform in Asia to obtain both Facebook and WhatsApp Business Certification, setting the bar for safety and integrity in the online gaming industry. The Founder of sure
The institute has members from prominent gaming companies on its board and is backed by All India Gaming Federation (AIGF) and eGamers and Players Welfare Association (EPWA). It is in the process of roping in members of academia covering all the Industry, social, legal and psychological aspects of the industry, officials said.