Tamil Nadu Chief Minister M.K. Stalin’s cabinet has approved an ordinance to ban online gaming within the state. According to government officials, the ordinance will be put into effect after getting approved by Governor R.N. Ravi.
A few months ago in June, M.K. Stalin announced a committee that was to be led by the former Judge of the Madras High Court, Justice K. Chandru. The committee was built to investigate the bad effects of online rummy as numerous people were falling into a debt trap by losing money on online games.
While the committee submitted a report to the Chief Minister within two weeks, School Education Department investigated the impact of online gaming on children and also took public opinions. Based on that, the Law Department constructed a draft ordinance.
The share price of Nazara Technologies also took a hit by the selling pressure as the Tamil Nadu government passed the ordinance. The share went down over 2 percent.
