Fri, Jan 4, 9:42am by Staff Writer
Indian gaming companies have gone from strength to strength in 2018 and are looking forward to an even bigger year in 2019 with Chinese gaming giant Tencent Holdings has joined forces with online fantasy sports portal Dream11.
This partnership has resulted in an investment of approximately 700 crore rupees in funding to boost Dream11’s gaming campaign.
Tencent Holdings is one of the largest and most popular tech firms in China.
It has released a number of video games that have proved popular with the younger generation.
It came under scrutiny in recent times for not complying with China’s order to curb online gambling and curtail the impact that online games have on its citizens.
The company had launched a registry system that would serve as a database for players who wanted to access popular video games such as its ‘Honour of Kings’ title.
Indian online gaming market expected to grow to $1B by 2021
Acer expecting quicker growth in gaming device sales in Indiahttps://t.co/PfmkOZsoYy
— Milind Hanchinmani (@mhanchinmani) December 26, 2018
The registry linked with a police database that cross verifies the users identity and age to verify who is the person playing the game.
Tencent recently confirmed that it had plans to roll out such a system on all of its video games in 2019.
The company is also experimenting with facial recognition software and has made it mandatory for Chinese players to use their identity card to register.
The Chinese media has reported that many students are choose to not attend school and do homework as they preferred to play games.
2018 saw the launch of Gamepind, a skill-gaming venture formed by Indian e-commerce payment firm Paytm and Hong Kong-based sports company AGTech Holdings.
More than 100 crore rupees was spent in the development of a new gaming website and app.
E-sports start-up Mobile Premier League has secured funding from Sequoia Capital amounting to 35.1 crore rupees.
Mobile Premier League is a skill based e-sports platform where you can play your favourite mobile games and win real cash prizes.
It features six games in one app such as Monster Truck, Sudoku and Space Breaker.
Venture capital firm WaterBridge Ventures has also gotten in on the gaming revolution by funding Indian gaming website 9stacks.
The company is expected to become a major player in the Indian gaming market in 2019.
The increased attention and stakes from a variety of companies is set to place pressure on the Indian government to legalise sports betting and online gambling in the nation, according to Legal Gambling and the Law.
A senior Congress MP in the Indian parliament Dr Shashi Tharoor recently introduced the Sports (Online gaming & Prevention of Fraud) Bill, 2018 that seeks to legalise sports gambling across the Indian market.
The Bill asks for a special gaming commission that will be responsible for governing the online sports gaming market. It also hopes to maintain the integrity of sports.
US billionaire Steve Wynn left his casino empire and a top Republican National Committee spot last year, after allegations of sexual harassment…
Brimbank has become the latest Victorian council to crack down on poker machines after a state topping $139.5 million was lost to…
SkyCity Entertainment Group’s share price has edged higher following the news that they will open an online sports book later this year.…