Gameskraft lays off 120 employees post real-money gaming ban

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Online gaming firm Gameskraft on Thursday said it is laying off 120 employees as it navigates new regulatory landscape post the passage of the Online Gaming Bill, 2025.

The implications of this legislation are complex, far-reaching, and have had an immediate and profound impact on the sector and Gameskraft, the company said in a statement.

“The current regulatory landscape has made us completely stop our business and has left us with no choice but to initiate a company-wide restructuring.

“After careful deliberation, as part of this restructuring, we…



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Gameskraft lays off 120 employees post real-money gaming ban



Online gaming firm Gameskraft on Thursday said it is laying off 120 employees as it navigates new regulatory landscape post the passage of the Online Gaming Bill, 2025.

The implications of this legislation are complex, far-reaching, and have had an immediate and profound impact on the sector and Gameskraft, the company said in a statement.

“The current regulatory landscape has made us completely stop our business and has left us with no choice but to initiate a company-wide restructuring.

“After careful deliberation, as part of this restructuring, we…



Source link

Disclaimer

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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