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India's real-money gaming ban caused global gaming firms to report major Q3 2025 losses, with Flutter and Clairvest hit hardest.
Gaming companies worldwide reported major financial losses in Q3 2025 due to India’s August ban on real-money gaming, with Flutter Entertainment taking a $556 million hit after halting Junglee Games, and Canada’s Clairvest writing off its entire investment in A23 Rummy’s operator.
Indian firms including Nazara Technologies, Delta Corp, and Paytm recorded significant impairments and profit drops, while gaming-related UPI transactions fell sharply.
Companies like MPL, Hike, and WinZo scaled back or exited India, with some reporting immediate revenue losses.
Smaller payment aggregators face ongoing challenges, and more impairments are expected in coming quarters.
La prohibición de juegos con dinero real de la India hizo que las empresas de juegos globales reportaran grandes pérdidas en el tercer trimestre de 2025, con Flutter y Clairvest las más afectadas.