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India: Government Panel Wants Regulator for Online Gaming
A new government report calls for a regulatory authority to monitor and classify online gaming websites in India. The report, drafted by a panel of Prime Minister Narendra Modi’s top officials, called for intervention and a stricter classification of India’s online gaming sector.
Previously, Indian skill-based gaming start-ups and industry associations sought a mechanism to regulate gaming platforms and classify online games based on skill or chance, helping the industry differentiates between games and gambling.
The meeting with Minister of State for Electronics and Information Technology Rajeev Chandrasekhar took place on June 7, and the two-hour long session featured founders from several top mobile gaming platforms in India, including Nazara technologies, Mobile Premier League (MPL) and Dream Sports.
The new report follows up on this meeting and calls for extensive regulation and classification. It also proposes the industry be regulated through rules covered under India’s existing IT law as an “Interim measure”.
The proposed law will outline requirements to classify games as skill or chance and will determine new gaming formats. This framework will apply to esports, online fantasy sports, card games and other casual games. These rules will have to be followed by Indian companies, and companies that target Indian consumers.
Also proposed is a “Code of Ethics” for gaming publishers that will require a robust grievance redressal mechanism and conformity to India’s KYC norms. Under the new laws, any gambling platform that offers real money games to Indian consumers will need to be a legal entity under Indian law.
The law will also provide the government with blocking power for unregistered platforms. It also necessitates a three-tier dispute resolution system and an oversight committee set-up within an appropriate ministry within the government.
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Quantum continues expansion streak with two director-level new hires
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One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.
Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.
Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.
Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.
Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”
Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”
Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”
This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.
The post Quantum continues expansion streak with two director-level new hires appeared first on European Gaming Industry News.
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FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS”
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The post FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS” appeared first on European Gaming Industry News.
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PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT
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The post PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT appeared first on European Gaming Industry News.
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