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6h ago

Nazara Falls After PokerBaazi Owner Halts Real‑Money Play Under New Gaming Bill

The selloff reflects regulatory risk after Parliament moved to ban online money games, prompting Nazara’s associate to suspend cash‑based operations.

Nazara Technologies CEO Nitish Mittersain. In three days, the company's stock has lost 17.52 per cent on the BSE.
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Overview

  • Nazara said Moonshine Technologies, which operates PokerBaazi and in which it holds a 46.07% stake, has ceased offering real‑money online gaming.
  • The stock dropped 17.52% across three sessions, closing Friday at ₹1,155.75 after an intraday low of ₹1,145.55 on the BSE.
  • Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025, which bans online money games and promotes eSports and social gaming, with enactment pending.
  • Other gaming‑linked shares also weakened, with Delta Corp down 3.50% and OnMobile Global down 2.73% on Friday.
  • ICICI Securities downgraded Nazara to Reduce and cut its target to ₹1,100, assigning zero value to Moonshine, while Nazara indicated real‑money gaming contributed nothing to its reported Q1 FY26 revenue.