India ban: ‘Extremely disappointed’ Flutter halts Junglee operations
Junglee operations suspended following unexpected legislation.
Key points:
– Flutter ceases real-money gaming operations in India from 22 August
– New law passed without industry consultation prohibits games of skill
– Company exploring legal and operational responses to regulatory shift
Flutter Entertainment has announced the immediate suspension of its real-money gaming services in India following an abrupt change in the country’s regulatory framework.
The move comes after the Indian Parliament fast-tracked and passed the Promotion and Regulation of Online Gaming Bill, which received Presidential assent on 22 August. The legislation imposes a blanket ban on all real-money gaming activities, including skill-based games, without a prior consultation process with industry stakeholders.
In response, Flutter has ceased operations of its Indian subsidiary Junglee Games, which had delivered localised skill-based products for the past four years. The operator said it will assess all legal avenues to reinstate constitutional protections for games of skill, while working to adjust operations under the new regulatory conditions.
Flutter CEO Peter Jackson commented: “I am extremely disappointed with the sudden changes to the regulatory landscape in India. Over the last four years, Junglee has invested significantly in its local market, building a workforce of over 1,100 employees to deliver innovative skill-based gaming products to Indian customers. Central to this has been a strategy which prioritises consumer protections and responsible gaming.
Good to know: Flutter’s Indian operations were projected to contribute approximately $200m in revenue and $50m in adjusted EBITDA in 2025, with half of the profits expected in the latter half of the year
“We believe this change will drive customers to the unregulated market, offering limited consumer protections and providing no contribution to the local economy. We believe in regulatory frameworks that put customers first, and are evaluating options to restore skill-based games in the Indian market.”
Flutter is also reviewing the accounting implications of the suspension, including the potential for non-cash impairments to the Junglee business. Further disclosures are expected as evaluations are finalised.
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