Nazara says PokerBaazi operator no longer offers real-money gaming; stock under pressure

Nazara says PokerBaazi operator no longer offers real-money gaming; stock under pressure

Shares of Nazara Technologies Ltd slipped 4.91 per cent to close at Rs 1,146 on Friday after its associate company, Moonshine Technologies Private Limited which operates PokerBaazi and other card-based gaming platforms announced it has ceased offering real-money online gaming. Nazara holds a 46.07 per cent stake in Moonshine. The move follows the recent passage of the Online…

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Online gaming to face 28% GST blow? SC to continue hearing on whether online Rummy, skill games qualify as gambling

Online gaming to face 28% GST blow? SC to continue hearing on whether online Rummy, skill games qualify as gambling

The Supreme Court is set to continue hearing a pivotal case that could reshape the legal and tax framework for India’s online gaming sector on Tuesday, May 6, 2025. A bench comprising Justices JB Pardiwala and R Mahadevan is examining whether real-money games, even if skill-based, should be classified as gambling under the Goods and…

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