Delta Corp shares closed 23 per cent lower while Nazara Technologies stocks fell 3 per cent.<\/p>\n\n\n\n\n\n\n\n
India.- Shares of\u00a0an Indian casino operator Delta Corp<\/a> and\u00a0Nazara Technologies<\/strong>, which powers several online gaming apps, fell 23 per cent and 3 per cent respectively following the Goods and Services Tax (GST) Council’s decision to\u00a0impose a tax rate of 28 per cent<\/a>\u00a0on the full face value amount for online gaming, casinos and horse racing betting.<\/p>\n\n\n\n Delta Corp shares reached an intraday low of Rs 178.20. Nazara Technologies shares opened 14 per cent down but recovered to close at 3 per cent down from the previous day.<\/p>\n\n\n\n Nazara Technologies clarified that the tax would only apply to the skill-based real money gaming segment of its business, which contributed 5.2 per cent to the company’s consolidated revenues in the last financial year. The company said it was taking proactive measures to mitigate potential impacts and anticipated minimal impact on overall revenue.<\/p>\n\n\n\n While many online gaming firms welcomed the 28 per cent rate, some fear that an increase in taxes could encourage players to choose illegal gambling websites.<\/p>\n","protected":false},"excerpt":{"rendered":" Delta Corp shares closed 23 per cent lower while Nazara Technologies stocks fell 3 per cent.<\/p>\n","protected":false},"author":176,"featured_media":15391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Indian GST Council's decision to impose a 28% tax on the full face value for online gaming, casinos, and horse racing has significantly impacted market valuations, with Delta Corp and Nazara Technologies experiencing substantial share price declines. While Nazara anticipates minimal revenue impact due to the tax's specific application to a small segment of its business, the broader industry faces potential shifts in player behavior towards unregulated platforms.","focusai_entities":"Delta Corp, Nazara Technologies, GST Council","focusai_location":"India","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.95), operator_casino (0.98), affiliate_publisher (0.75), marketing_crm (0.85), payments_fraud_aml (0.75), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"GST Impact on NGR","query":"What is the projected impact of the 28% GST on the full face value on the Net Gaming Revenue (NGR) margins for publicly traded Indian iGaming operators beyond the initial market reaction?"},{"label":"Regulatory Compliance Challenges","query":"How will the new GST framework influence B2B and B2C licensing requirements and the broader regulatory compliance landscape for both domestic and international operators targeting the Indian market?"}],"footnotes":""},"categories":[163,16334],"tags":[23911],"class_list":["post-777007235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007235"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007235\/revisions"}],"predecessor-version":[{"id":777007252,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007235\/revisions\/777007252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15391"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}