Tax Shock for Indian Casinos
A 40% GST levy shakes the market.
The Indian government imposed a 40% Goods and Services Tax (GST) on casinos, betting, and online games, sending shockwaves through the industry. Shares of major operators like Delta Corp and Nazara Technologies dropped by as much as 7% in response.
Industry leaders warn that this move could push operators into financial difficulties, slow down innovation, and drive players toward unregulated markets. For now, casinos are re-evaluating their pricing strategies to remain competitive under the new tax regime.
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