Petitions against the Tamil Nadu government's crackdown on real-money online games such as rummy, poker and fantasy cricket have been dismissed.
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The acquisition of the online poker platform last year by a little-known company was meant to soften the GST blow to real-money gaming. Instead, mounting cash problems, tech issues and HR challenges over the past few months have been hurting users.
Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
Big break-ups, mergers & acquisitions, courtroom drama and stiff competition in the skies—the year ahead promises to be action-packed.