The acquisition of the online poker platform last year by a little-known company was meant to soften the GST blow to real-money gaming. Instead, mounting cash problems, tech issues and HR challenges over the past few months have been hurting users.
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Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
The American chipmaker, in its second outing in the tough graphics processing unit market, is making waves—sparking hope of a return to its heyday.
Despite all the hype, India’s latest smartphone gaming tent pole is at risk of fizzling out.