Flutter Entertainment Lays Off 350 Employees Amid Online Gaming Act

Flutter Entertainment, the global leader in online betting and gaming and the parent company of Junglee Games, has begun a major restructuring of its India business after the country’s new online gaming regulations effectively shut down real-money gameplay, as per the news reports.  

The development has resulted in large job cuts, a significant financial write-down and a strategic rethink of the company’s long-term plans for India. 

Mass Layoffs Triggered by Regulatory Disruption 

The Promotion and Regulation of Online Gaming Act, 2025 forced all operators to suspend real-money gaming from August 22, even before the legislation formally came into force. As a direct consequence, Flutter cut nearly 350 jobs across its New Delhi and Bengaluru offices.  

Around 600 employees have been retained and may be redeployed as the company transitions to a revised operating model. People familiar with the matter said employees leaving the organisation received generous exit packages.  

Financial Impact and Multi-Year Outlook 

The disruption resulted in a major financial hit. Flutter reported a $556 million non-cash impairment charge in Q3 2025 related to the indefinite suspension of its India operations.  

The impairment included $517 million in goodwill, $32 million in intangibles and $7 million in other long-term assets. This write-down contributed significantly to a net loss of $789 million for the quarter, compared with a $114 million loss in the same period last year.  

Regional Setback and Strategic Reset 

The forced shutdown significantly impacted Flutter’s International division, which saw iGaming revenue fall by 12 percent year-on-year due to the collapse of operations tied to Junglee. This decline offset stronger results reported in Europe and Latin America.  

Flutter had positioned India as a key pillar of its Asia-Pacific expansion strategy, pouring substantial investment into Junglee Games in recent years. With the Online Gaming Act reshaping market dynamics, the company now faces a prolonged period of adjustment as it shifts Junglee to a free-to-play format and reassesses its medium-term opportunities in the country. 

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Conclusion 

Flutter Entertainment’s job cuts and financial write-down underline the scale of disruption caused by India’s new gaming regulations. With real-money gaming halted indefinitely, the company has entered a challenging transition phase as it attempts to rebuild its presence in one of the world’s largest potential gaming markets. 

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