Concerns have emerged regarding Nazara Technologies’ investment in PokerBaazi due to the newly enacted Online Gaming Bill. The company estimates that the investment, exceeding 800 crore, could be at risk. Despite the potential impact on PokerBaazi, Nazara assures that its overall financial performance will not be negatively impacted. Shares of Nazara saw a considerable decrease after the bill’s passing. The company’s stock price dropped by 11% on the BSE on August 21st, with a cumulative decrease of 23% over the preceding two days.
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Investment in Jeopardy: Nazara Technologies Reacts to Gaming Bill Impacting PokerBaazi
