MUMBAI -- As layoffs loom and revenues dry up, India's cash-rich operators of money-based online games are pivoting to new business models and geographies after the country passed a law banning the sector, which drew in hundreds of millions of players.
Media & Entertainment
India's 'real-money gaming' companies pivot, cut jobs as ban looms
Investors debate best approach as startups face revenue falls of up to 95%
Real-money games that allow players to wager on fantasy sports or online card games in 2024 generated revenues of about $2.04 billion, according to estimates by EY. (Source images from Mobile Premier League and Pokerbaazi websites)
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