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Action is picking up in India’s real-money gaming industry, which includes fantasy sports or card-based games such as rummy and poker, after two recent court verdicts.
Dream11, which dominates the online fantasy gaming market, is likely to see its valuation cross $8.5 billion in a fresh share sale, Entrackr reported on Monday, up from its March valuation of $5 billion.
Nazara Technologies, the only listed gaming company in India, on Friday announced the acquisition of OpenPlay Technologies, which operates rummy-based games, for Rs 186.4 crore (about $25 million) in cash and stock.
Mobile Premier League, which offers about 60 games including fantasy sports and rummy on its platform, is reportedly looking to more than double its valuation of $945 million.
What’s Changed? Two recent court rulings with far-reaching implications are driving investor confidence in the sector.
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