Dream11 Shutdown: Dream 11 has decided to shut down its real money gaming business. This step has been taken after the online gaming bill 2025 passed.
Dream11 Shutdown: Dream 11 has decided to shut down its real money gaming business. This step has been taken after the government has passed the online gaming bill 2025. According to media reports, the announcement was made at the company's internal meeting. According to the information, about two-thirds of the total earnings of Dream 11 used to come from this business.
3 -year jail and fine of up to Rs 1 crore
Under the new law, now any kind of online game, in which money is betting, then it has been completely banned. Those who violate the bill may be fined 3 years in jail and a fine of up to Rs 1 crore. Also, directors and promoters of the company will be responsible.
Employees will be trimmed on a large scale in the company
Now Dream 11 will pay attention to the rest of its business units like Fancode, Sportz Drip, Cricbuzz and Willow TV and will try new gaming formats in foreign markets. Real-money gaming shutdown may also cause large-scale employees to be trimmed, as most of the staff was connected to this sector. The revenue of Dream 11 increased to ₹ 6,384 crore in FY 2023, which is much more than ₹ 3,841 crore in FY 2022. During this period, the company's profit also increased by 32% to ₹ 188 crore.
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