India, Sept. 1 -- Days after the passage of the 'Promotion and Regulation of Online Gaming Act, 2025' in the Parliament, listed gaming major Nazara announced the termination of its deal to pick up additional stake in PokerBaazi.

In an exchange filing, Nazara said it has cancelled its plans to acquire 38,073 fully paid-up equity shares of PokerBaazi parent Moonshine Technology Pvt Ltd from I3 Interactive Inc. This represented the acquisition of an additional 0.96% stake in the real money gaming (RMG) company for INR 15.9 Cr.

"Pursuant to the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which came into effect on August 22, 2025, a material adverse effect has occurred due to the prohibition on online real money gam...