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Online gaming companies to slow spends during cricket world cup
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The online gaming industry, particularly the fantasy sports segment, is holding back on spending during the upcoming cricket ICC Men’s World Cup starting on October 5, primarily owing to the impact of the amended goods and services tax (GST) law, said industry executives and media planners.As per the new law, which is expected to be effective from October 1, online real money gaming companies will be subjected to a 28% levy on full face value, a
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