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794 mn investments have already been pumped into the Indian gaming trade in 2021, says Neha Alawadhi. Industry watchers attribute this to the rising popularity of gaming, spurred by the pandemic, and the progressive business models gaming firms have built. 339 million last year. Marquee traders reminiscent of Tiger International (Dream11), Seq­u­oia Capital India (Cellular Pre­mier League), WinZO (Griffin Capital Companions), Tencent (Dream11) and Matrix Companions (Zupee) have pumped money into the sector. "There are revolutionary products, and investors are ready to back them. Based on RedSeer-Lum­i­kai, while real-cash games are the biggest supply of reve­nue for the market, in-app purchases will develop faster (at 30-40 per cent for the next five years) with the rise of paying customers of casual and hyper-informal gaming. A day after Ravi returned the TN Prohibition of Online Gambling and Regulation of On-line Video games Bill stating that the state authorities lacked legislative competence, the latter asserted that it has the competence to legislate on the matter. Briefing reporters at the state secretariat, Regulation Minister S Regupathy mentioned that it has been decided in the cabinet assembly to reintroduce the bill within the meeting, get it handed and ship again to Governor Ravi for his assent. The TN meeting would meet on March 20 for Funds presentation and the duration of the session could be determined later.

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