why it is Important to have regulatory framework for skill gaming industry: Games24x7

However, This proliferation of games, gaming companies and the gaming habit has raised some red flags. The government has just banned the advertising of all online betting platforms and is in talks with stakeholders about a regulatory framework for the industry.

To understand what is going on and where the gaming industry is headed, CNBC-TV18 spoke to Panda, Co-Founder and Co-CEO of Games24x7.

In January 2022, Technologies Limited announced that it has entered an agreement to acquire a 55 percent stake in programmatic advertising company Datawrkz. They’d acquire a 33 percent stake in the first tranche by April '22 and reserve an option to acquire an additional 22 percent in the second tranche, expected to close in Q4 of FY23.

E-Gaming Federation CEO told The New Indian Express that EGF backed the State government's move to regulate the online gaming industry, The government should form a joint-committee to explore the possibility of establishing a licensing regime to regulate the gaming sector as a whole and skill-gaming sector in particular.

The panel headed by the retired judge will give recommendations for the promulgation of an ordinance to regulate online gaming.

It should submit its recommendations within two weeks, which feels is too short a time. He said currently there is no regulation in the State on classifying which online games come under 'Games of Skill' and under 'Games of Chance'. The recommendations of the committee should make the distinction, he said.

The EGF is in talks with on bringing out a regulation on online games. He said the committee should come out with a regulatory structure that would address all the key concerns of the industry and government. This would weed out the fly-by-night operators or entities from the State, he said.

For Hans Ulrich, the curator of "WORLD BUILDING": Gaming and Art in the Digital Age, video games are to the 21st century what movies were to the 20th century and novels to the 19th century. To support this assertion, he has selected around 30 multimedia works that elevate the world of gaming to the level of art. Some are from the Julia Collection and have been specially adapted for the exhibition, while others have been commissioned for the occasion. Meanwhile, The Great Adventure of Material World by Lu Yang is a three-channel installation that looks, at first glance, like a classic role-playing game. Visitors are invited to play the character of the Material World Knight. The goal? To complete several quests while fighting enemies. But, as in all of Lu Yang’s works, the game is a pretext to address existentialist themes. [W]e create various ideologies, mental states, and social systems in order to rationalize and justify the Material World, explains the Chinese artist through one of their other characters, Uterus Man. Art lovers will be able to discover the creations of Ed Atkins, JODI, Peggy Ahwesh featured in "WORLD BUILDING" until December 10, 2023, at the Julia Collection in Düsseldorf. The exhibition will then head for France, from June 2023 to January 2024.