DUBLIN (Reuters) -Online betting company Flutter has shut down its money-based online games in India following a law change last week, with CEO Peter Jackson saying he was “extremely disappointed” by the development.

India’s parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi’s government flagged the high risk of financial harm.

Flutter said it had halted real-money gaming operations by its Junglee subsidiary, which has a workforce of over 1,100 employees.

The statement said Flutter’s Indian operations had been expected to contribute approximately $200 million revenue and $50 million in earnings on an Adjusted EBITDA basis in 2025, but did not give an upd

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