Nazara Tech, Delta Corp shares slide up to 7% as Cabinet clears online gaming regulation bill

Shares of Nazara Technologies and Delta Corp experienced a decline following the Union Cabinet's approval of a bill to regulate online gaming platforms. The legislation addresses mental health concerns, money laundering risks, and fraudulent trans...

IANS
Nazara shares in spotlight as gaming regulation bill heads to Parliament.
Shares of gaming companies, Nazara Technologies and Delta Corp, fell up to 7% on Wednesday, August 20, after the Union Cabinet approved a bill aimed at regulating online gaming platforms. The bill, which is likely to be tabled in Parliament today, is expected to bring comprehensive oversight to India’s rapidly growing digital gaming industry.

Nazara Technologies shares declined 6.2% to their intraday low of Rs 1,314.25 on the BSE, while the shares of Delta Corp fell by 6.5% to Rs 87.24.

The legislation has been framed with a focus on mental health concerns among users, particularly in games involving monetary incentives. It also aims to curb risks related to money laundering and fraudulent transactions flagged within the online gaming ecosystem.


The move comes amid increasing scrutiny of digital gaming platforms, with authorities noting that unregulated operations could fuel financial irregularities and social risks. The new framework is expected to introduce stricter compliance norms, greater transparency, and safeguards for players while limiting misuse of platforms.

Nazara Technologies, a listed player in the online and digital gaming space, will be closely tracked by investors as the bill could shape the sector’s regulatory landscape.

Headquartered in India, Nazara operates a diversified portfolio across gaming and sports media, with a presence in Africa, North America, and other markets. Its offerings span interactive gaming, eSports, and gamified early learning through popular titles such as World Cricket Championship and Kiddopia. The company also owns well-known platforms including Classic Rummy, Halaplay, Kiddopia, Sportskeeda, and World Cricket Championship (WCC).
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On Tuesday, shares of Nazara Technologies closed 0.85% higher at Rs 1,401.35 on BSE.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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