Immediate Shockwaves: Stocks Tumble, Concerns Rise

Investor reaction was swift: shares of Nazara Technologies fell up to 7 percent, reflecting market anxiety over the looming regulatory clampdown. Analysts quickly highlighted the divergence in exposure: Nazara, which has no direct RMG revenue and only holds a minority stake in Moonshine Technologies (owner of PokerBaazi), faces limited risk. Its core earnings stem from e-sports, learning-based games, and international IPs. Conversely, Delta Corp, deeply invested in casinos and RMG-related businesses, remains highly vulnerable to this regulatory shift.