Gaming law leads to Dream 11 parent co. losing 95% revenue
Dream Sports, the parent company of Dream 11, has said the new online gaming law resulted in loss of 95 per cent in group’s revenue, but ruled out employee layoffs asserting it will concentrate efforts now on scaling portfolio companies including FanCode, DreamSetGo, Dream Game Studios and Dream Money.
Dream Sports, in a statement said Dream11 has always followed and will continue to follow the law in letter and spirit.
“While this change in law has resulted in a loss of approximately 95 per cent of our group’s revenue, we remain committed to building a great Indian sports company, driven by AI and the creator economy,” it said.
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
