Nazara shares Tank 15% on real money gaming ban

Nazara shares Tank 15% on real money gaming ban

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Mumbai: Shares of online gaming platform Nazara Technologies refueled more than 15% to Wednesday’s trade session after a bill that forbade Real Money Gaming (RMG) (RMG) was adopted in the Lok Sabha.

The bill wants to prohibit the offer, operation, facilitation, advertisement, promotion and participation in online money games “, including curbs.

Shares of Nazara Technology finished 12.8% lower at £ 1,219.4. The benchmark, the Nifty Microcap 250, where the company was the best loser, closed 0.1% lower.

According to ‘The Promotion and Regulation of Online Gaming Bill, 2025’, the government has taken this action ‘to protect individuals, in particular young people and vulnerable population, against the unfavorable social, economic, psychological and privacy-related effects of such games.’

“Prohibition of real money -gaming companies will probably endanger investments of £ 1,060 CR in Pokerbaazi (for 46.07% interest), which is a loss,” said Sunny Agrawal, head of fundamental research at SBI Securities. “Delta Corp will probably not be hit because it has already divested his poker platform ADDA52 in February 2025.”


‘Indirect exposure’
In an exchange refund, Nazara said that it has no direct exposure to Real Money Gaming (RMG) companies, and from the first quarter of financial data, “the contribution to income and EBITDA by RMG Business is NIL.” The only indirect exposure is a 46.07% interest in the parent -moonhine technologies from Pokerbaazi, which is not consolidated in Nazara’s financial data and has reported a negative profit in the first quarter.

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