After RMG Ban, Games24x7 To Layoffs 500 Employees

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…