The passage of the Online Gaming Bill is set to impact numerous companies within the gaming industry. Nazara Technologies has disclosed that the company’s investment of over 800 crore in PokerBaazi is facing uncertainty due to the gaming bill. However, the company maintains that its overall earnings will not be affected. Following the bill’s introduction and passage in the Lok Sabha, Nazara’s shares have experienced a significant decline. On Thursday, August 21st, the company’s shares fell by 11% on the BSE, closing at 1085 rupees. This represents a total drop of approximately 23% over two days.
Nazara’s PokerBaazi Game Faces Challenges; Potential 800 Crore Investment at Risk
By News Analysis India1 Min Read