Indian gaming stocks extend slide after ban on money-based games

OnMobile Global

22/08/2025 07:40

** Shares of online gaming stocks drop 2%-5% over two days

** On Thursday, Parliament passed bill banning online games involving money, citing financial and psychological risks

** Nazara Tech NAZA.NS fall 4%; Bloomberg News reported Thursday co may write down poker app stake, Reuters could not verify report

** Delta Corp DELT.NS and OnMobile Global ONMO.NS fall 2% each

** Fantasy cricket platforms Mobile Premier League (MPL) and Dream 11 suspend all money-based games

** Gaming firms may challenge ban in Supreme Court

** YTD, NAZA up 20%, DELT and ONMO down 39% and 22%, respectively

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))