Dream11 hit by 95% revenue loss amid India’s money game ban— will layoffs follow? CEO Harsh Jain responds
Dream11, India's leading fantasy sports platform, has gained a tough competition from the government ban on money -based online games, causing a large -scale decline in a large scale turnover. This sudden financial shock has speculated on possible pruning in the company. However, co -founder and CEO Harsh Jain made the prohibition that the prohibition has caused outstanding resolution, obliged to use and maintain the operation of Dream 11. Jain insisted that the company is looking for alternative strategies to stabilize the business and protect jobs between regulatory challenges. The gaming industry in India has met an increasing investigation, with decision makers drawing a sharp line between skill-based fantasy sports and chance-run gaming platforms. While Dream11 is navigating in this uncertain environment, industry experts say that the result can shape the future of online gaming rules in India. Investors, employees and millions of users are now waiting for clarity on how the company plans to recover from this stable financial hit.
The Key points
- Dream 11 reports 95% income fall after the gambling ban.
- The government's cracks affect online gaming platforms in India.
- Dream11 increases the concerns of potential pruning.
- Jain Stress Company is suitable for survival from challenges.
- Prohibit the lines between skill games and gambling.
- The face of Fantasy Sports Field increased the regulator survey.
- Search for strategies to stabilize the Dream11 operation.
- The industry sees a possible long -term effects on game ecosystems.
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