Gameskraft to lay off 120 staff after ban on real-money gaming

New Delhi: Gameskraft said on Thursday that the company will let go 120 employees, as the recently passed Promotion and Regulation of Online Gaming Act, 2025, has placed “real-money gaming companies in "uncharted territory".

In a statement, the company said that like many others in the sector, Gameskraft is navigating this new regulatory landscape and grappling with a rapidly shifting business reality.

“The implications of this legislation are complex, far-reaching, and have had an immediate and profound impact on the sector and Gameskraft. In the spirit of transparency, we want to share that despite our best efforts, the current regulatory landscape has made us completely stop our business and has left us with no choice but to initiate a company-wide restructuring,” the company noted.