Nearly a year after regulatory crackdowns crippled its real-money gaming (RMG) business, WinZO is locked into multiple battles. With bank accounts frozen by the Enforcement Directorate (ED), months of ...
Winzo ED Arrests: The video-game industry is drawing a firm boundary line as real-money gaming platforms face legal heat. A statement issued by the Indian Game Publishers and Developers Association ...
The agency has frozen about INR 505 Cr in bank balances, bonds, FDs and mutual funds linked to WinZO under the Prevention of Money Laundering Act. ED has also seized Gameskraft’s eight escrow accounts ...