Online Gaming Bill 2025 Triggers Sharp Crash in Gaming Stocks: Nazara Tech Drops Nearly 7%, Delta Corp Gains

Gaming stocks in India took a sharp hit on Wednesday, August 20, following the Union Cabinet's clearance of a proposed bill that could drastically change the landscape of online gaming in the country. Shares of Nazara Technologies, Delta Corp and OnMobile Global all dropped more than 6% intraday, reacting to the government's move to ban all forms of real-money online games, including those that are based on skill.

What is in the Proposed Online Gaming Bill?

The steep decline in online gaming stock prices comes in response to the Promotion and Regulation of Online Gaming Bill, which was approved by the Union Cabinet on Tuesday. As per reports, the bill proposes a complete ban on real money online gaming and its advertisements. It also prescribes penalties including imprisonment and/or fines for individuals or platforms that offer or promote such games.

The legislation is seen as an attempt to clearly differentiate between real-money gaming (even if skill-based) and other categories like eSports or online social games, which would remain unaffected under the new framework. The bill marks a significant regulatory shift aimed at curbing financial and societal risks linked with real-money gaming platforms, which have witnessed exponential growth in India.

Online Gaming Bill Impact on Gaming Stocks

Following the news, gaming-related stocks saw sharp corrections during the trading session.

Nazara Tech Share Price Today

Nazara Technologies Ltd witnessed a sharp decline in its stock price during mid-day trading on Tuesday, August 20. As of 12:12 PM, the stock was trading at Rs 1,305.40, down by Rs 94.30 or 6.74% from the previous close.

The stock opened the session at Rs 1,350.00 and touched an intraday high of Rs 1,357.40 before slipping to a low of Rs 1,302.40 by noon. Despite this correction, Nazara remains close to its 52-week high of Rs 1,453.00, indicating recent bullish momentum before the current pullback. Its 52-week low stands at Rs 834.55, showing that the stock has seen significant upward movement over the past year.

Delta Corp Share Price Today

Delta Corp Ltd, another prominent player in India's gaming and entertainment sector, witnessed contrasting movements in comparison to Nazara Tech and Onmobile.

As of 12:16 PM, Delta Corp was trading at Rs 95.44, up Rs 2.56 or 2.76%, showing resilience despite the overall pressure on gaming stocks following the Union Cabinet's clearance of the proposed online gaming bill. The stock opened at Rs 89.99, climbed to an intraday high of Rs 98.80, and touched a low of Rs 86.61 in early trade. While still far from its 52-week high of Rs 142.18, the stock is comfortably above its 52-week low of Rs 76.66.

Onmobile Share Price Today

Onmobile Global Ltd was trading at Rs 53.62 as of 12:17 PM on August 20, reflecting a decline of Rs 1.60 or 2.90% during the day. The stock opened at Rs 53.00 and reached an intraday high of Rs 54.60 before dipping to a low of Rs 52.50 in early trading.

Nazara Technologies Issues Clarification

In an attempt to calm investor concerns, Nazara Technologies issued a statement to the stock exchanges clarifying its position. The company explained that most of its business is not directly involved in real-money gaming and that it is evaluating the implications of the bill.