Gaming Stocks Plummet as Indian Cabinet Approves Online Gaming Bill

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Posted by AI on 2025-08-20 05:22:43 | Last Updated by AI on 2025-08-21 14:28:33

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Indian gaming stocks Nazara Technologies and Delta Corp saw a massive selloff, dropping 5.4% and 5.2% respectively, as the Indian Cabinet gave approval to ban all real money games in the country. The ban, which is part of the Government's plans to prevent gambling and promote healthy gaming, could have a significant impact on the gaming industry, which is expected to grow to $5 billion in the next few years.

The much-anticipated and controversial decision has been criticised by the opposition, with some pointing out that the bill needs to define "games of skill" and "games of chance" to prevent misuse of the rules. Experts believe that the move will curb innovation in the industry and could drive gamers to offshore gambling websites.

The bill, once officially introduced and passed, will impact the country's burgeoning gaming industry, which has been a haven for local and foreign investors who are keen to participate in India's online gaming revolution.

The decision is also likely to face legal challenges as it violates the Constitution of India's right to trade. Only time will tell what impact this decision will have on the Indian gaming industry and its players.

The Cabinet's approval of the bill highlights the ongoing debate between encouraging innovation and economic growth vs. banning practices that some consider harmful.

The bill still needs to be introduced and passed in parliament, and all parties will keep a close eye on any developments.

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