The bill aims to formalise the industry, making online betting a punishable offence amid rising cases of fraud in recent months.
Indian investigating agencies have also stepped up action against celebrities promoting such applications, ET Now said as it reported about the passage of the bill, citing sources. The bill is likely to be introduced in Lok Sabha tomorrow, the report said.
Delta Corp is expected to benefit from the move. The only listed company in India engaged in casino gaming, Delta has over 2,000 live gaming positions and offshore and onshore casinos. The casinos are present across Goa and Sikkim.
Delta Corp shares today ended the day at Rs 89.99, gaining Rs 6.49 or 8% over the Monday closing price. After a lackluster performance over the last one year, the stock has been on a rebound and gained over 9% in the past five trading sessions. The stock has plunged over 27% over a 12 month period.
Shares of OnMobile closed at Rs 55.40, rising by Rs 2 or 3.7%. The company claims to have a growing portfolio of mobile gaming products like Challenges Arena and ONMO, the gamification platform Gamize. It is also a market laggard with a decline of 29% and has slipped below its 200-day simple moving average (SMA). It has outperformed Nifty in the past 6 months with returns of 11% versus 9% by the latter. Nazara Technologies finished the session at Rs 1,396.50, witnessing an uptick of Rs 7.40 or 0.53%. The company offers gaming solutions, e-sports and ad-tech services.The development comes on the back of a sin tax reportedly proposed on gaming along with alcohol and cigarettes in the upcoming Goods and Services Tax reform (GST 2.0).Also Read: Rekha Jhunjhunwala portfolio: 12 stocks log double-digit gains, 1 microcap shines with 43% return in FY26 so far
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