Delta Corp and Nazara Tech fell after the GST Council raised taxes on casinos, betting, and online money gaming from 28% to 40%. The hike, effective September 22, adds to industry woes after last month's Online Gaming Bill banned real-money gaming and ads, with steep fines. Delta shares are down ~20% YTD, while Nazara has dropped 16% in the past month.
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05:22 pm on
04 Sep