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Chinese authorities may revise newly drafted online gaming rules, state media reported Saturday, a day after the announcement of the planned curbs triggered a sell-off in major tech stocks. "With regard to the concerns and opinions raised by all parties... the State Press and Publication Administration will study them carefully and will further revise and improve them," state broadcaster CCTV reported Saturday.

The online gaming industry in India has witnessed signifcant growth and is emerging as a buzzing sector with huge economic potential.

Industry associations such as E-Gaming Federation, All India Gaming Federation and Federation of Indian Fantasy Sports contend that while certain online games are permissible under central rules, the states may still go ahead and ban them.

Advocate Suhaan Mukerji sheds light on their impact on the online gaming landscape and reveals how the new regulatory framework will benefit the gaming community.