The impact of strict sanctions on real money gaming in India is now clearly visible on big companies. The country’s leading real money gaming company Gameskraft has trimmed about 120 employees under the company-wide reorganization. This pruning has happened at a time when the company itself is entangled in a big fraud scam in which Company Former CFO Ramesh Prabhu is accused of rigging more than 270 crores.
Sorting hit after ban
According to Gameskraft, this decision has been taken due to completely changing government rules and restrictions on real money games. Recently, the Government of India has passed a new law on online gaming, in which any game has been banned where the real money is betting and it is expected to win. Due to this stringent law, the business model of real money gaming companies has been shaken.
Prithvi Singh, founder of Gameskraft, issued a statement saying that this decision was very difficult for him. He said that the employees who have been taken out have been important in the development of the company and they respect them fully.
Big charge on former CFO
Between this news of trimmed Company another big trouble Is facing Gameskraft has accused his former CFO Ramesh Prabhu of a scam of about Rs 270 crore. The company has lodged an FIR against him at Marathahalli police station in Bangalore. The scam happened slowly in the last five years, in which the company’s money was withdrawn in the wrong ways.
Company preparation for employees
However, Gameskraft has said to take care of the interests of the employees during the trimming. The affected employees will be provided facilities like package, holiday money and group health insurance by March 2026 as per their rules. The company has also said that they can convert their insurance into private policy.
The effect on the entire sector
Gameskraft is not the only company that is going through this crisis. Many big gaming companies of the country such as A23 Rummy, Zupee, MPL and Baazi Games have also been sorted out due to this ban. The A23 Rummy recently took out more than 500 employees, while the MPL is planned to reduce around 6080% of the workforce.
Will there be further trimmed?
The company has indicated that if the situation does not improve, further further structural changes can be made. This means that the number of pruning may increase further in the coming days.
Business declines and apps closed
Seeing the changing atmosphere, Gameskraft has already closed its major gaming apps such as rummy culture and pocket52. The company says that now it is trying to mold its business in a new way.