Nazara slumps 18% as India bans real-money online gaming
Nazara Tech plunged 18% this week after its PokerBaazi unit suspended real-money games following India's new Online Gaming Bill banning cash-based platforms. MPL, Dream11, and RummyCulture also halted paid offerings. The $3.6 billion industry faces a shake-up as firms pivot to free games and alternative ventures. Nazara closed 4.9% lower at ₹1,146, while Delta Corp fell 3.8%.