
CosmicTaco
India's Gaming Ban Sparks Massive MPL Layoffs
- India's recent ban on online paid games has led to a major industry shake-up, causing significant layoffs at Mobile Premier League (MPL).
- According to a company insider, MPL will terminate roughly 60% of its local workforce, initially affecting around 300 employees in marketing, finance, operations, engineering, and legal sectors.
- The government's new law aims to curb gambling and addiction, effectively stifling a burgeoning industry projected to hit $3.6 billion by 2029.
- This decision, driven by concerns over financial risks among youth, affects MPL’s significant revenue flow--India accounted for half of M-League's revenues.
- While some companies explore legal options, MPL and Dream11 are shifting focus to other markets, foreseeing no immediate revenue from India.
Source: Reuters
2mo ago
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