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Naomi Osaka Fined For Media Boycott, Could Face Expulsion From French Open

  • May 31, 2021
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Osaka, who was fined $ 15,000 for not attending a press conference following her first-round win at Roland Garros, may also face suspension from other Grand Slam tournaments.On Sunday, the major tennis tournament board said that Japanese Naomi Osaka may be kicked out of the French Open if she continues to boycott press conferences after the tournament match.The board added that Osaka, who was fined $15,000 for missing a press conference after winning the first round at Roland Garros, may also be suspended from other Grand Slam tournaments.The Grand Slam champion said earlier this week that she would not face the media during the French Open, citing mental health reasons."Naomi Osaka has warned us that if she continues to ignore her obligations to the media during the tournament, she will expose herself to the potential additional consequences of violating the code of conduct," Grand Slam's board of directors said in a statement."It is not surprising that repeated violations lead to tougher penalties, including failure of the tournament  and the initiation of a major investigation into a violation that could lead to more heavy fines and the suspension of Grand Slam in the future."The council reminded Osaka that "a key element of the Grand Slam bylaws is the players' responsibility to interact with the media, whatever the outcome of the match.""The mental health of the players who compete in our tournaments and the rounds are of paramount importance in the Grand Slams," he added.Also Read: Villarreal Edge Manchester United In Epic Penalty Shootout To Win Maiden Europa League Title

Roger Federer chooses rest, withdraws from French Open

  • Jun 07, 2021
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World champion Roger Federer announced, on Sunday, his withdrawal from the 2021 French Open before the fourth-round match in Paris. Federer was about to face ninth seed Matteo Berrettini in a semi-final match after winning the first three rounds of the Grand Slam on clay.Roger Federer underwent two knee surgeries last year that kept him out for most of the tour. The 39-year-old played the Australian Open last year and only returned to the Grand Slam at Roland Garros.Federer opened his career by defeating Denis Istomin. He beat former US Open champion Marin Cilic in four sets in his second-round match and put up a heroic effort against German Dominic Kupfer in front of the empty stands at Philippe Chatrier in a late-night match on Saturday. The 27-year-old German pressured him hard, but the 20-time Grand Slam champion kept his composure to win the match in 4 sets.Federer did not participate in the French Open last year. He had reached the semi-finals in 2019, which was also his first major appearance on clay in 4 years."After discussion with my team, I have decided to withdraw from the French Open today," Federer said on a social media site on Sunday."After two knee surgeries and over a year of rehab, it's important that I listen to my body and make sure I don't stress myself on my way to recovery."I'm excited to have 3 matches under my belt. There is no better feeling than to be back on the pitch. See you all soon."Federer admitted on Saturday that he was not sure if he would be on the field on Monday for the fourth-round match. Federer said he would receive a call after an argument with his team."We are going through these matches ... we analyze them well and look at what follows and we will do the same tonight and tomorrow," he said."Because I have to decide whether or not to keep playing, or it's not at the moment risky to keep pushing or it's just a perfect way to just relax."Federer had returned to competitive play in March in Qatar, where he was ousted in the quarter-finals. He began his preparations for the French Open at the Geneva Open last month but struggled with a first-round exit against Spaniard Pablo Andujar.Meanwhile, French Open director Guy Forget wished Federer luck for the rest of the season."We were all happy to see him again in Paris, where he played three first-class matches. We wish him all the best for the rest of the season." Forget what was said.Federer is expected to play two grasscourt tournaments ahead of Wimbledon 2021, which he scored earlier in the season. The 39-year-old is also likely to represent Switzerland at the Tokyo Olympics later this year.ALSO READ: Naomi Osaka Fined For Media Boycott, Could Face Expulsion From French Open

online gaming,GST Council,taxation,gaming industry,gst,Tamil Nadu Gaming Act,goods and services tax,gaming service pro&,online gaming industry,All India Gaming Federation,media and entertainment sector,GST implications,Rummy,Poker,Fantasy Sports,E-sports

Billion-dollar online gaming industry seeks clarity on valuation, taxation

  • Aug 12, 2021
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The online gaming industry is expected to grow at a compound annual growth rate (CAGR) of 22% to $ 2 billion by 2023, up from $ 906 million in 2019, according to a report by the All India Games Federation (AIGF) and EY India. Driven largely by a young tech-savvy population, wide internet coverage, better performing smartphones at affordable prices. India is now the fifth largest online gaming market in the world and is expected to grow even further after. of the digitization caused by Covid-19. virus. Online games are also the fourth largest sub-segment of the media and entertainment industry. The report stated that online game players are expected to grow from 360 million in 2020 to 510 million in 2022. While real money online game players are expected to grow from 80 million in 2020 to 150 million in 2023. The results revealed that by creating more than 11,000 jobs, the esports sector is estimated to generate around $ 100 billion in economic value for India between 2021 and 2025, including investments, in-app purchases and profits. Looking at the industry growth prospects, the report also looks at the effects of GST and obstacles that could affect the industry's business operations. He said that the tax rate should not exceed 20% as this could lead to gaming operators and consumers not joining the government licensing system and entering the gray market.  Online games operate on a "fee" model in which the gaming platform charges additional fees to facilitate play or "freemium" models where play is free, but additional features may require the user to purchase certain items from an immediate price. The report said that the rational imposition of a GST is important for the sustainability of the industry. The vast majority of countries tax the online gaming industry at or below standard GST / VAT rates. The most common mode of taxation is based on commissions (platform fees) earned by industry players in markets such as the United States, the United Kingdom, and EU countries (except France). In some countries (e g South Africa, Singapore and Australia), a credit model is followed in which the total value of bets is taxed at a discretionary discount allowed on payments (prizes) made to players. "Valuation disputes under the Goods and Services Tax Act (GST) have been daunting for the industry. Most importantly, regressive taxes for these emerging sectors can make companies unsustainable in India. Our recommendation is that tax authorities should align their policies with internationally accepted tax principles. In the industry, online games provide certainty to the industry. " The report highlighted the much-discussed issue of the legality of online gaming in India and stated that various higher courts across the country have held that Rummy, Poker, and Fantasy Sports are games of skill and do not amount to gambling. Electronic sports must also qualify as a game of skill by applying the principles established by the courts. EY partner Bipin Sapra said: "The government needs to state & clarify that games of skill like games of rummy, fantasy, poker, etc., which are different from games of chance like lottery, gambling, Random games are taxed at the GST rate. Normal services will be 18% and the taxable value is the platform fee or commission fee. Clarifying this meaning would give certainty to the industry and encourage more investment in this sector ". Also Read- Lionel Messi signs two-year contract with Paris Saint-Germain after leaving Barcelona