Tech
RMG ban sparks massive impairments as gaming majors erase India bets
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Gaming companies have reported sizeable write-downs on their India-linked assets for the September quarter, underscoring the sharp impact of India’s real-money gaming (RMG) ban on corporate earnings.
Although the RMG ban has been in effect since August, the latest earnings cycle marks the first significant balance sheet impact beyond the immediate shutdown of cash gaming operations.
US-headquartered Flutter Entertainment booked an impairment of $556 million this quarter after its India unit, Junglee Games, halted money-based rummy…
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