MPL to Lay Off 60% of India Staff After Real-Money Gaming Ban
📉 Breaking News: MPL is laying off 60% of its India staff—around 300 employees—after the government’s ban on real-money gaming, including popular skill-based games like fantasy cricket, poker, and rummy.
💡 CEO Sai Srinivas confirmed India contributed half of MPL’s revenue. With paid games halted domestically, the company is now pivoting to free-to-play titles and expanding into international markets like the U.S. and Brazil.
⚡ This move highlights the impact of regulatory changes on India’s booming online gaming sector and serves as a crucial lesson for startups on adaptability, diversification, and staying ahead of policy shifts.
#MPL #GamingBan #OnlineGaming #StartupNews #IndiaStartups #FantasyCricket #SkillGames #TechNews #Entrepreneurship #Layoffs