Games24x7, Baazi among RMG firms hit by layoffs after online gaming ban

India's new online gaming law banning RMG formats such as ludo, poker and rummy has forced companies including Games24x7 and Baazi Games to lay off large parts of their workforce

Employees of real money gaming (RMG) companies are feeling the heat of the new online gaming law, which has banned all RMG formats such as ludo, poker and rummy.

 

Gaming majors, including Games24x7 and Baazi Games, are in the process of laying off more than 50 per cent of their employees, said sources.

 

The layoff plan comes on the back of a complete shutdown of the RMG business at various companies. This has prompted firms to introduce steep cost cuts even as they pivot to newer business ventures, two people