Online Gaming Bill: Nazara Tech says co’s revenue from Real Money Gaming ops is nil, holds only minority stake in PokerBaazi

Nazara Technologies on Wednesday said the Cabinet-approved Promotion and Regulation of Online Gaming Bill, 2025 will not have a material impact on its financial performance, as the company has no direct exposure to real money gaming (RMG) operations.

Nazara, which is listed on the Indian exchanges, had earlier invested in platforms such as PokerBaazi and Classic Rummy. However, in an exchange filing, the company said revenue and EBITDA contributions from RMG were “NIL” in the first quarter of FY26.

“Nazara has no direct exposure to real money gaming (RMG) businesses. As per its latest reported financials (Q1-26), the contribution to Revenues and EBITDA by RMG business is NIL,” it said.

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