Yes I think because mpl and ashneer grover's startup already suffered because of this.

Software Engineer

Dream11 and Games24x7 are profitable so they melight not cut jobs but instead freeze hiring for some time. But for unprofitable cos, they'll most likely go for layoffs.

Product Manager

Expect cuts everywhere and deep ones. Another thread says d11 is cutting 70%. So, exercise maximum caution

Product Owner

Cos like dream 11, games 24x7, Junglee games? Should they be worried too?

Would other companies follow suit as MPL?

Growth Manager

Would other companies follow suit as MPL?- Grapevine

Welcome to Office Gossip's Private Community

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 !!!

Big News!!! exits in gaming

Welcome to Indian Startups's Private Community

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.

RMG (Real money Gaming) companies going dead

Hoping they all close ASAP. 28% GST  is not enough. It should be higher at 50%.

Westerners used Internet and computing to design better planes and build better engines, our guys are using it to play cards.

Consultant

Founder

Talking about MPL, Dream11, Ashneer’s startup, etc 

Given the current tax problems that these companies are going to face from the government, are these companies over or going to get over some time soon?

Are Indian betting companies over?

Analyst

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

MPL layoffs 350 employees

Centre has decided to impose 28% gst on Online gaming. How will companies like Dream11, Games2win, Nazara etc pivot now?

Management Consultant

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..

28% GST on online gaming. Tough times for dream11, mpl etc

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.

MPL mass layoff

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

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Product Head

From someone in their tech team, got to know very curious insights. 

CrickPe is built on Solidity smart contracts that automatically enforce performance bonuses for cricketers. 

However, the underlying logic is enforced on an ELO based system with log-normal rewards. Essentially, if a cricketer rewards are:

Reward = Expected(reward) +- log(performance). 

Their ELO is similarly adjusted on a match by match basis. 

Also,
Insider reveal is that, VC community is keen on investing and Ashneer is considering raising funds but has made clear that he is willing to liquidate only till he has majority stake in the venture, although aiming at closer to ~75%.

Also, they are experimenting with NFTs linked to rewards that give you insider access to pre-game locker room access with your favourite teams, flying you out to international matches abroad, etc. This will also be tradeable in-app. They are apparently looking for Blockchain Devs/interns for that.

Finally, the biggest news. They’ve apparently launched a bid to get a fan-experience zone specific to CrickPe in the stadiums during IPL. The plan is to sell these tickets at a higher cost. Fans who watch games from this zone get to play a special variant where the highest scorer is given their reward from the MOTM.

Just In: Ashneer Grover’s Crickpe

Friend got laid off from MPL(Mobile Premier League) today.  They are firing in cabin. Don’t even give interviews to such companies

Layoffs at MPL

Anyone a fan of Conspiracy Theories?

Analytics Manager

There’s no way they can foot the retrospective GST tax dues to the. Government. What next for them ? Dream 11 is Ambani safe haven - will it somehow get saved. ?

Would other companies follow suit as MPL?

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