Nazara Technologies, India's only listed gaming firm, may write down its PokerBaazi investment as Parliament cleared a ban on online real-money and gambling games. Nazara's $122-million (over ₹1,000 crore) investment in PokerBaazi stands to be written down or provisioned for now, CEO Nitish Mittersain told Bloomberg. He said PokerBaazi's team will meet shortly to discuss ideas to pivot business.
short by
Bhawana Chaudhary /
04:34 pm on
21 Aug