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Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impacting cash flows as well as business expansion. The All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the council is unconstitutional, irrational, and...
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Sinner Or Saint, You Decide...A Sector For 2023 And Beyond
A "Sin Stock" is stock of a company that is associated with or is directly involved in, activities considered unethical or immoral. These could be gambling stocks such as Delta Corp or tobacco stocks like ITC.
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Lawyer Accused Of Using Company Funds Worth Rs 82 Crore For Partying In Vegas
The woman is alleged to have gambled nonstop while residing at the hotel in a petition that was submitted on February 11.
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Online Gaming Firms To Come Under IT Rules, Self-Regulation Proposed
Online gaming companies are expected to comply with the laws of the land, including any such law that relates to gambling or betting or the age at which an individual is competent to enter into a contract.
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Bitcoin Is Artificially Propped Up, Akin to Gambling and Should Not Be Legitimised, ECB Says
Bitcoin is artificially propped up and should not be legitimised by regulators or financial companies, the European Central Bank said, adding that it is similar to gambling. The cryptocurrency's recent stabilisation was "an artificially induced last gasp before the road to irrelevance", it said on Wednesday.
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CES 2022: AMD, P&G Join Google and Others in Opting Out of Event Over Omicron Fears
AMD, Procter & Gamble, and Micro-Star International are among the latest companies to pull out of the CES event —taking place in-person in Las Vegas in January 2022 — over Omicron fears.
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Procter & Gamble Health Net Profit Drops 66% To Rs 15.8 Crore In March Quarter
Procter & Gamble Health Limited Q4 Results: The company's net profit for the January- March quarter stood at Rs 15.8 crore, registering a 66 per cent decline in profit year-on-year
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This Company Is Looking For Someone To Binge-Watch Netflix, Eat Pizza
In today's edition of lucrative job offers is an opportunity to get paid for watching Netflix and eating pizza. BonusFinder, an American website dedicated to reviewing and offering deals for legal gambling sites, is on the lookout for a "professional binge watcher".
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Bengaluru Goldman Sachs Official "Stole Millions" To Pay Poker Debts
An employee working at Goldman Sachs' Bengaluru office has been arrested for allegedly siphoning off more than $5 million of its funds to pay off his poker debts, the police said on Tuesday. He has been sacked by the company since.
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Canadian Arrested In Macau For $284 Million Fraud Attempt: Report
A Canadian man has been arrested in the gambling hub of Macau for allegedly trying to defraud an entertainment company out of $284 million, local media reported.
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Gionee Officially Files for Bankruptcy, Enters Liquidation: Report
According to media reports, a court in Shenzhen has accepted the Gionee application for liquidation bankruptcy.
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Mozilla Chief Regrets Internet's Addictive Quality
Mozilla, which developed the web browser Firefox, earns money from advertising like many other online companies, and Baker admitted to discomfort at the arrangement.
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Austrian Gambling Addict Wins 2.5 Million Euros Compensation
An Austrian court has ordered a gambling company to pay 2.5 million euros ($2.87m) to a gambler the court found was under the influence of addiction, in a judgement made public on Monday.
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Crime Branch Arrests 2 Directors Of Online Gambling Firm In Haryana
The cyber wing of Mumbai Crime Branch has arrested two absconding directors of an online gambling company, from Gurugram in Haryana, police said today.
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Honda WR-V Receives 12,000 Bookings Within A Month Of Launch
The Honda WR-V has been selling consistently and has been the crowd puller for Honda. It's the company's first crossover and it looks like the gamble to move into a new segment has worked.
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Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impacting cash flows as well as business expansion. The All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the council is unconstitutional, irrational, and...
-
Sinner Or Saint, You Decide...A Sector For 2023 And Beyond
A "Sin Stock" is stock of a company that is associated with or is directly involved in, activities considered unethical or immoral. These could be gambling stocks such as Delta Corp or tobacco stocks like ITC.
-
Lawyer Accused Of Using Company Funds Worth Rs 82 Crore For Partying In Vegas
The woman is alleged to have gambled nonstop while residing at the hotel in a petition that was submitted on February 11.
-
Online Gaming Firms To Come Under IT Rules, Self-Regulation Proposed
Online gaming companies are expected to comply with the laws of the land, including any such law that relates to gambling or betting or the age at which an individual is competent to enter into a contract.
-
Bitcoin Is Artificially Propped Up, Akin to Gambling and Should Not Be Legitimised, ECB Says
Bitcoin is artificially propped up and should not be legitimised by regulators or financial companies, the European Central Bank said, adding that it is similar to gambling. The cryptocurrency's recent stabilisation was "an artificially induced last gasp before the road to irrelevance", it said on Wednesday.
-
CES 2022: AMD, P&G Join Google and Others in Opting Out of Event Over Omicron Fears
AMD, Procter & Gamble, and Micro-Star International are among the latest companies to pull out of the CES event —taking place in-person in Las Vegas in January 2022 — over Omicron fears.
-
Procter & Gamble Health Net Profit Drops 66% To Rs 15.8 Crore In March Quarter
Procter & Gamble Health Limited Q4 Results: The company's net profit for the January- March quarter stood at Rs 15.8 crore, registering a 66 per cent decline in profit year-on-year
-
This Company Is Looking For Someone To Binge-Watch Netflix, Eat Pizza
In today's edition of lucrative job offers is an opportunity to get paid for watching Netflix and eating pizza. BonusFinder, an American website dedicated to reviewing and offering deals for legal gambling sites, is on the lookout for a "professional binge watcher".
-
Bengaluru Goldman Sachs Official "Stole Millions" To Pay Poker Debts
An employee working at Goldman Sachs' Bengaluru office has been arrested for allegedly siphoning off more than $5 million of its funds to pay off his poker debts, the police said on Tuesday. He has been sacked by the company since.
-
Canadian Arrested In Macau For $284 Million Fraud Attempt: Report
A Canadian man has been arrested in the gambling hub of Macau for allegedly trying to defraud an entertainment company out of $284 million, local media reported.
-
Gionee Officially Files for Bankruptcy, Enters Liquidation: Report
According to media reports, a court in Shenzhen has accepted the Gionee application for liquidation bankruptcy.
-
Mozilla Chief Regrets Internet's Addictive Quality
Mozilla, which developed the web browser Firefox, earns money from advertising like many other online companies, and Baker admitted to discomfort at the arrangement.
-
Austrian Gambling Addict Wins 2.5 Million Euros Compensation
An Austrian court has ordered a gambling company to pay 2.5 million euros ($2.87m) to a gambler the court found was under the influence of addiction, in a judgement made public on Monday.
-
Crime Branch Arrests 2 Directors Of Online Gambling Firm In Haryana
The cyber wing of Mumbai Crime Branch has arrested two absconding directors of an online gambling company, from Gurugram in Haryana, police said today.
-
Honda WR-V Receives 12,000 Bookings Within A Month Of Launch
The Honda WR-V has been selling consistently and has been the crowd puller for Honda. It's the company's first crossover and it looks like the gamble to move into a new segment has worked.
