Nazara Technologies emerges as 8th largest global gaming acquirer amidst turbulent time for online gaming industry

It has been approximately 10 months since the 50th Goods and Services Tax (GST) Council meeting where 28% GST was levied on the total deposit amount of online games. The immediate impact was already felt in many ways which include a steep decline in investments and a reduction in revenue and margins of online gaming companies among others. Amidst this situation, Nazara Technologies, a gaming and esports company announced that it was ranked eighth on the global list of gaming acquirers in a report published by Drake Star Partners’ Global Gaming Report for Q2 2024. Reportedly, Nazara has been ranked above companies including MTG and Atari which finished at ninth and tenth positions respectively.