The actions of the Nazara Technologies online gaming platform were broadcast from over 15% during Wednesday’s trading session after a invoice that prohibited real money games (RMG) was approved in Lok Sabha.
The bill aims “to prohibit the offer, operation, facilitation, advertising, promotion and participation in online money games”, among other curbs.
The shares of Nazara Technology ended by 12.8% less at £ 1,219.4. Its reference point, the elegant microcap 250 where the company was the best loser, closed 0.1% less.
According to “The promotion and regulation of the online gaming invoice, 2025”, the government has undertaken this action “to protect people, in particular youth and vulnerable populations, from social, economic, psychological, psychological and privacy impacts related to the privy of these games”.
“It is likely that the prohibition of real cash game activities will put the investments of £ 1,060 CR from Nazara in Pokerbaazi (for 46.07% of shares) at risk, which is a loss of activity,” said Sunny Agrawal, head of the fundamental research at SBI Securities. “It is not likely that Delta Corp is affected, as it has already sold its Poker ADDA52 platform in February 2025.”‘Indirect exposure’
In an exchange clarification, Nazara said he did not have direct exposure to real cash games (RMG) and, starting from the first quarter, “the contribution to revenue and habitda by RMG Business is nothing”. Its only indirect exposure is a participation of 46.07% in the technologies of Moonshine Parent Moonshine of Pokerbaazi, which is not consolidated in the financials of Nazara and recorded a negative contribution after taxes in the first quarter.
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