India\u2019s ban on real-money online gaming takes effect<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Uncertainty has reportedly triggered 7,000 layoffs despite the law not yet being notified.<\/p>\n","protected":false},"author":680,"featured_media":13727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"India's real-money online gaming sector has reportedly lost over US$840 million in value and seen 7,000 job losses due to regulatory uncertainty, despite the 'Promotion and Regulation of Online Gaming Act' (PROGA) not yet being formally notified. The expectation of enforcement, coupled with a 40% GST levy, has led major operators to suspend cash formats and investors to markdown asset values, impacting fintech partners.","focusai_entities":"","focusai_location":"India","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), tech_data (0.8), payments_fraud_aml (0.9), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Clarity Impact","query":"What specific governance frameworks or amendments are anticipated to provide clarity on the 'Promotion and Regulation of Online Gaming Act' (PROGA) notification timeline and its retrospective application?"},{"label":"Market Recovery Strategy","query":"How are major iGaming operators and their B2B suppliers re-evaluating their market entry or exit strategies for India, considering the current regulatory ambiguity and the 40% GST levy's impact on GGR and NGR?"}],"footnotes":""},"categories":[154,16334],"tags":[58,20479,24929],"class_list":["post-777034719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-south-asia-news","tag-india","tag-online-gaming","tag-promotion-and-regulation-of-online-gaming-act"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777034719"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034719\/revisions"}],"predecessor-version":[{"id":777034729,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034719\/revisions\/777034729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13727"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777034719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777034719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777034719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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