Flter Entertainment confirmed that it will close the real Junglee money games in the following India Legislative changes in the country.
The Voice of the Indian Parliament to adopt the promotion and organization of the online gaming bill, and this means that financial games, including Skill gamesIt was banned.
Flter Jackson CEO is “he is very disappointed” due to development, while the giant online giant criticized “an exceptionally short time frame” from the draft law that was submitted to Parliament to presidential approval after just two days.
In general, the update represents a threat to the wider Fictional Games SectorWith the government of Prime Minister Narendra Modi taking measures due to the risk of financial harm to users.
Detailed This forest stopped the real money activity, as more than 1,100 workers work by the sub -company.
Paddy Power and Betfair It announced a round of job cuts in the United Kingdom In June, there will be concerns about the impact of the new law in India on Junglee.
Flute president says that changing the law in India will lead to the leadership of users to the black market
Flute added that its Indian operations are expected to record about 200 million dollars in revenue and $ 50 million of profits on profits before benefits, taxes, depreciation and consumption modified this year, but the latest predictions were provided after the Junglee update.
“I am very disappointed by the sudden changes in the organizational scene in India,” the company’s CEO Jackson said.
“Over the past four years, Junglee has invested significantly in its local market, building a workforce of more than 1,100 employees to provide innovative skills -based games products for Indian customers. This strategy that gives consumer protection and responsible games was.
He continued, “We believe that this change will lead to the pushing of customers to the unorganized market, and provides limited protection for consumers and does not provide any contribution to the local economy. We believe in the regulatory frameworks that put customers first, and we evaluate the options to restore skills -based games in the Indian market.”
As part of this, FLTER has pledged to consult with other parties to build support for the 70-year-old constitutional protection for skills-based games, but this seems unlikely without U-U-Turn from the MDI management.
Credit image: Entertainment / Canva
Pamphlet The flutter of real money operations is closed in India in India First appear on reading.
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