Friday, July 01, 2022

Fantasy esports gambling company Vulcun lays off 14 members of staff

Esports gambling company Vulcun has laid off 14 of its 55 member staff, a move that is a result of a new company direction, according to local media.

Vulcun is a fantasy esports betting company, which allows players to a bet on video game tournaments such as League of Legends, Starcraft 2, Dota 2, among others. Industry insiders say the move is a direct result of Vulcun, no longer offer real money fantasy games, which will take effect on Jan. 14.

“The company is transitioning to a new direction, and unfortunately this is a painful but necessary part of the process,” co-founder Ali Moiz said in an email to The Verge. “We’ll have more announcements about our new direction coming shortly in the next few weeks,” he added.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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