Delta, Nazara stocks slide as govt hikes GST on casinos, gaming
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.