Innovation has invariably continued to find wide acceptance in India, primarily in the form of technological advancement. The Indian gaming industry is no exception to such acceptance. There has been an exponential growth in the gaming industry reflecting India’s potential as a global online gaming hub. As per a report by Deloitte1, India with 368 million online gamers is amongst the top five mobile gaming industries. If the projections are correct2, Indian gaming industry is on its way to $8.6 billion by 2025.
Indian online gaming industry can be categorised into skill based and chance-based games. Under the Indian legal regime, purely chance-based games fall within the purview of gambling and are consequently barred in most of the Indian states, while there are no restrictions on ideation, conduction, and promotion of “mere skill-based games”.
Please click here to read the full article by Gaurav G. Arora, published in BW Gaming World.
Gaurav G. Arora is a Partner at JSA with over 12 years of experience advising multinational corporations, investment funds, and high-growth businesses on mergers & acquisitions, private equity investments, corporate structuring, cross-border transactions, foreign direct investment, and general corporate matters. He regularly advises clients on complex domestic and international transactions across the technology, healthcare, manufacturing, real estate, retail, and services sectors. Gaurav is recognised as an ALB India Rising Star and among the Top 10 Young Lawyers by ALB Thomson Reuters.