- Spartan Poker, an online real money gaming platform, confirmed the layoff of 125 employees, 40% of its workforce, following the GST Council’s gaming tax rise to 28%.
- The increased tax aligns online games involving wagering or stakes with gambling games, leading to projected layoffs and decimated industry revenues.
- Finance Minister Nirmala Sitharaman defended the raise stating issues of morality and compared incentives for the gaming industry with those for essential goods.
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