Nazara Technologies and Delta Corp Share Price Drop Amid Online Gaming Bill 2025

On August 20, 2025, Nazara Technologies share price (NSE: NAZARA) dropped 7.78% to ₹1,308.70, while Delta Corp share price (NSE: DELTA CORP) fell nearly 6% to ₹89.99. The fall came after news of a proposed Online Gaming Bill 2025, which aims to tighten rules around online money gaming.

Details of the Proposed Bill

The Online Gaming Bill 2025 seeks to:

• Ban individuals or companies from offering online money games.
• Prohibit advertisements for such platforms.
• Restrict banks and financial institutions from processing related payments.

The government says the Bill is designed to address mental health issues, money laundering risks, and fraudulent activities linked to online gaming.

Industry Impact

If implemented, the Bill would bring a major regulatory shift for India’s online gaming sector. It would force companies to meet stricter compliance standards, increase transparency, and ensure greater player protection.

Nazara’s Clarification

Nazara Technologies issued a statement clarifying that it has no direct presence in the Real Money Gaming (RMG) business.

• RMG contributed nothing to its Q1 FY26 revenue or EBITDA.
• Its only indirect link is a 46.07% stake in Moonshine Technologies (PokerBaazi). However, since Nazara doesn’t control Moonshine, its financials are not consolidated.
• In fact, Moonshine posted a negative contribution to Nazara’s profit after tax (PAT) in Q1 FY26.

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Conclusion

The Online Gaming Bill 2025 has triggered sharp stock price declines for gaming-linked companies like Nazara Technologies and Delta Corp. While Delta Corp may be directly affected, Nazara has clarified its minimal exposure to RMG, which could ease investor concerns. The bill, if passed, is set to reshape India’s online gaming industry with tighter regulations and stronger safeguards.

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