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This follows the Parliament passing the new online gaming Bill last month, which bans all forms of online real money gaming
In May this year, Games24x7 also laid off close to 180 employees on account of the revenue hit from the GST clarification that came in late 2023
Rival MPL is also laying off about 60% of its India staff while Nazara-backed Moonshine Technology, which operates PokerBaazi, is trimming its workforce by 50%
Following the Centre’s ban on online real…
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This follows the Parliament passing the new online gaming Bill last month, which bans all forms of online real money gaming
In May this year, Games24x7 also laid off close to 180 employees on account of the revenue hit from the GST clarification that came in late 2023
Rival MPL is also laying off about 60% of its India staff while Nazara-backed Moonshine Technology, which operates PokerBaazi, is trimming its workforce by 50%
Following the Centre’s ban on online real…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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