~Experts from the Skill Games Council of India are happy to assist the government to build a regulatory framework~
Mumbai, March 02, 2022: The recent statement made by the Hon’ble Chief Minister of Rajasthan, Mr. Ashok Gehlot looking to regulate the online skill gaming sector has been a welcome move and has instilled a positive spur amongst the online skill gaming stakeholders. Reacting to this statement, the All India Gaming Federation (AIGF) and the Skill Games Council of India welcomes the move and hopes the government will adopt an enabled gaming policy protecting players while ensuring a secure, and responsible gaming environment for all.
The online skill gaming landscape in India has evolved significantly over the years, with an exponential growth rate year on year, attracting several marquee investors. According to AIGF industry is currently valued at 1.5 billion US dollars and is expected to double by 2025.
Mr Roland Landers, CEO, All India Gaming Federation said, “It is extremely motivating to see leaders of the nation and various states recognise the overall value of online skill gaming industry and facilitate creating progressive policies and regulatory framework for this sunrise sector. India is the fifth largest online gaming market globally and is giving birth to an increasing number of unicorns within the country. The sector has been a strong financial contributor to the Indian economy even during an unprecedented period of slowdown and is further expected to generate revenues in excess of $ 3 billion by 2025. The expansive growth also means generation of employment opportunities. In accordance with this growth, AIGF is committed to supporting governments’ in establishing a safe gaming environment and framework. AIGF and the Skill Games Council of India have a domain of experts who are eager to assist in playing a consultative role for the same.”
The recent positive judicial judgements including the Karnataka Hight Court’s verdict are welcome moves and a step in the right direction to grow the burgeoning gaming industry. Furthermore, the Hon’ble FM’s announcement of AVGC task force will give a major boost to the game development sector, as the industry looks forward to bringing in massive employment, through direct and indirect jobs and becoming a meaningful contributor to the overall GDP of the country.
All India Gaming Federation
(AIGF) has been at the forefront of ensuring global best practices for its
stakeholders through the self-regulation skill games charter that cover all
aspects of the online gaming business. Pertaining to the booming online gaming
sector in India, an apex body called the ‘Skill Games Council of India’,
has been established to govern and ensure best practices for its stakeholders
especially for gamers and developers, through self-regulations onboarding
eminent experts like Justice
Vikramajit Sen, Former
Chief Justice of the Supreme Court, Ms. Fatema Agarkar, leading educationist
& Founder of the Agarkar Centre of Excellence (ACE) combing sports and
education, Mr.
PK Mishra, former
senior bureaucrat and
Mr. Sutanu Behuria, President - Policy & Planning, Rummy Chapter, amongst others.
“We are in alignment with the Hon’ble Prime Minister’s Atmanirbhar Abhiyaan across industries and are keen to work along with state governments to recognise the potential of the online skill gaming industry as it outstripps most other sections of our economy, growing in excess of 20 per cent annually and contributing significantly tax revenues making it one of the fastest-growing segments within the Indian M&E sector. The sunrise online skill gaming industry is responsible for facilitating 400+ Start-ups in this sector and attracted 400+ million gamers - young Indians providing them viable alternate job opportunities in Esports and other gaming businesses” Mr. Roland added
About The All India Gaming Federation (AIGF)
The All India Gaming Federation is a not-for-profit organisation, the oldest and only apex Industry body whose self-regulation charter includes all online skill gaming in India, including Fantasy Games, Online Poker, Rummy, Edu based games, Casual Gaming, E-games & Virtual gaming.
AIGF’s objectives include creating awareness, among the relevant stakeholders, about the socio-economic benefits of the online skill gaming industry through representations, research reports, surveys, events and seminars. AIGF is the online skill gaming Industry & knowledge partner to leading think tanks as well as consulting firms that track this sunrise sector.
Since its inception six years back, AIGF has been at the forefront, consulting with relevant policy-makers to demonstrate the importance and benefits of recognizing & standardizing the AIGF’s self-regulatory framework, encapsulated in its skill games charter, has been established by eminent domain experts from the judiciary, executive, education, finance and sports backgrounds.
To know more about AIGF,
please visit: http://aigf.in/about_aigf/
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