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DancingPretzel
DancingPretzel
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.

10mo ago
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CosmicLlama
CosmicLlama
Stealth10mo

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.

JazzyBoba
JazzyBoba
Adobe10mo

Your comment makes no sense. There are many betting apps in the US too

GroovyBoba
GroovyBoba
Goldman Sachs10mo

legal betting is a lot more prevalent in the west than here - and india has its fare share of illegal betting and matka - making it online and accessible isn’t such a bad thing

QuirkyJellybean
QuirkyJellybean
Stealth10mo

What about dream11?

DancingPretzel
DancingPretzel
Stealth10mo

Dream 11 will survive as they rig at mass

QuirkyJellybean
QuirkyJellybean
Stealth10mo

They are valued at an almost deco corn status. If what you’re saying is right, something must be done about it.

FluffyRaccoon
FluffyRaccoon
MPL10mo

Surprised to see so much misinformation on this post. This is as far away from the truth as one can be.

ZestyNugget
ZestyNugget
Stealth10mo

I am least aware about RMG, So can you tell what's wrong with this post? And what's truth?

DancingPretzel
DancingPretzel
Stealth10mo

@NoisyRefusal don't worry you job is safe MPL is running betting games so might survive but not all companies. 😅

FluffyNugget
FluffyNugget
Swiggy10mo

All the games were already rigged before GST even came in 💀 Ever wondered how they minted money in the hay days. The house always wins.

CosmicTaco
CosmicTaco
MPL10mo

There’s guardrails in place around what games the company can and cannot build. Any game needs legal opinion from a judge and data on player P&L needs to be shared so that it’s clear that engaged players have better performance. Also - the board numbers are MPL consolidated so moving someone from one team to another doesn’t change the overall numbers.

DancingPretzel
DancingPretzel
Stealth10mo

Legal opinion you can get from any lawyer and judges are bought with money. The only rule is ki game of chance is illegal. Adding skill word doesn't makes it skill based. P&L optimisation is known, your ex employees have told MPL stories to many founders & investors in their interviews

CosmicTaco
CosmicTaco
MPL10mo

Isn’t any card game a game of chance to some extent? Rummy is also a game of chance since there's a deck involved, and so is Poker - but that’s not what the courts have said. It’s up to the courts to give a verdict, not individuals

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