28% GST on online gaming. Tough times for dream11, mpl etc
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..
Hey viners Not heard a lot about gaming startups after the first 2-3 weeks of that new GST rule. How are the gaming startups like Dream11, Games24, Junglee, Zupee doing? Has there been in shift in revenue model?
Bro valorant, apex legends, fortnite are gaming startups, gambling isn't 💀
Didn't know epic games are a startup
@Didu21 epic games is a startup, valued at around $30bn
Also it becomes extremely tough for new entrants in the market. So currently big players will consolidate their market share
The insider talk in MPL is that they are bullish on the revenue stabilising after 6 months without a significant impact as the non professional players will keep playing irrespective of these GST rules. You might see a bit of non profitable pro players churn out but the bigger casual player base will just forget about it and move on
Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..
Folks at Dream 11, Games24×7, Junglee, etc how's the environment in the office? Have there been any updates from the leadership regarding the direction they'd be taking? As of now, here at Gameskraft it's an elephant in the room with ev...
I’m from a esports gaming company. Spoke to my CEO regarding this today morning. This move is completely short ...
Happy friday folks!
Starting off with the Watercooler - the place for all casual conversations and thoughts that might feel too small to make a post out of :)
Look forward to hearing from you folks!
Looks like the gaming federation is trying really hard to lobby government and get the decision reversed. Any thoughts?