Alibaba, Tencent pour cash into India’s gambling loopholes - Business News, Finance News, Share Market News - Market trendz

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Thursday, 16 April 2020

Alibaba, Tencent pour cash into India’s gambling loopholes

300 mn players use apps such as Dream11, Play Games24x7, Paytm First Games and FanFight to gamble on “fantasy cricket” and rummy card games — a player base expected to at least double by year’s end. This boom has prompted India’s richest man, Mukesh Ambani, to say the business eventually will surpass that of music, movies and TV shows combined.

from Tech-Economic Times
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