OVERVIEW
Specifically, in the gaming realm, we have advised clients in relation to various types of online platforms, including online fantasy sports platforms, online rummy platforms, and online game streaming platforms and ably counsel on the intersection of the regulatory laws in relation to gambling, wagering, betting and social games. We possess in-depth knowledge and experience in relation to the prevailing gaming laws as well as the Indian gaming industry, allowing us to offer comprehensive solutions to clients and helping them to navigate any regulatory challenges.
Given that ‘gambling’ falls under the jurisdiction of the State legislatures and most of the States have come up with their own laws in order to regulate gaming, our experienced team is well-versed in state-specific laws and licensing procedures, ensuring that our clients receive comprehensive guidance and one-stop solution.
To provide comprehensive legal services to our clients, we work closely with our Corporate and M&A Team, Private Equity Team. This collaborative approach ensures that our clients receive integrated support throughout their projects or transactions.
Contact us today to learn more about how we can assist you.
KEY PARTNERS
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Advised Play Games24X7, which has several fantasy and virtual games platforms, in its Series A, Series B1 and Series B2 funding rounds involving investment from Raine Capital. Tiger Global, and Malabar group, with the latest funding round making Play Games24x7 a ‘unicorn’. The Firm also regularly advises Play Games24x7 on its online game offerings from an Indian regulatory perspective and has also successfully represented Play Games24x7, in a crucial litigation against Indian regulatory authorities concerning its business model.
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Advised Head Digital Works (formerly Head Infotech), which runs India’s largest online rummy portal, in sale of 87% of the shareholding of promoters and existing investors to Clairvest Group Inc. for approximately US$ 74 million. The Firm also regularly advises Head Digital Works on its online game offerings from an Indian regulatory perspective.
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Advised Google in respect of recently introduced amendments by MeitY concerning online gaming. The Firm has deeply supported Google and assessed the implications of recent regulatory changes on the loyalty programs offered by Google on Google Pay.
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Advised Tencent, one of the largest worldwide gaming companies, on its US$ 100 million investment in a growing virtual fantasy sports platform Dream11. The Firm also regularly advises Tencent in relation to its online games offered in India.
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Advised Epic Games, one of the worlds’ leading video game publishers, on their offerings in the Indian Market.
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Advised Take Two Interactive, one of the worlds’ leading video game publishers, on their offerings in the Indian market.