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Big News!!! exits in gaming

With govt breathing down neck of all gaming RMG cos heard some big names are leaving 1. Senior leadership exits at one of the big Rummy RMG players. Silent exits expected of one entire layer because they don’t want to message that they are not doing well with all govt GST laws. Business drop by 50% 2. Mobile Premier League / MPL CEO cofounder is going to step down. The other cofounder who runs the company day2day will take over. News is that CEO has been on vacation even with all this GST action & some notices they got. laying off 50% of company & then with 20cr house think he has done enough RMG is most happening industry across !!!

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Jack3d

Unicorn

a year ago

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Indian Startups on

by misterwhistler

Stealth

RMG (Real money Gaming) companies going dead

Becoz of GST many companies are pivoting or changing gaming algo to make players loose to pay GST. Game of chances are being launched 1. MPL , Launched betting games 2. Zuppee , teen patti and betting games 3. Games craft , rummy circle rigged card distribution 4. Tradex , Probo Mostly will shut down 5. Rummy apps , Better opinion , tamasha and other small companies are planning to shut down RMG part 6. Nazara acquired RMG companies are unable to operate 7. Octro is closing the RMG app. What more ? If anyone knows do share up.

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Layoffs on

by SeriousProcastinator

Spinny

MPL layoffs 350 employees

MPL layoffs 50% of their indian workforce ~ 350 employees After the 28% GST rule

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Indian Startups on

by incognito

Stealth

Got some secrets off your chest 🧰

I will start. Don't ask me to prove anything. 1. The CEO of MPL bought a ~20cr house in embassy grove, Bangalore just before laying off 50% of the MPL team this week. 2. VC funded Live streaming apps like rooter, eloelo, are basically frauds. Get tonnes of cheap users by running ads that look like porn, the real engagement is really bad unless they do giveaways. They use VC money to show porn ads and do giveaways, brag about downloads & engagement to raise even more VC money. It's a total ponzi.

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Layoffs on

by LosingmakesnoCents

Stealth

Massive layoffs coming up at MPL

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG industry in India

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Indian Startups on

by misterwhistler

Stealth

MPL mass layoff

Heard MPL is laying off massively , due to 28% GST rule in gaming. Employees have been asked to work for home for a week , so that they can structure layoffs.