Clarification in respect of the proposed Promotion and Regulation of online bill, 2025
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Awaiting price reaction for this filing.
7Seas Entertainment has issued a voluntary clarification to the BSE regarding India's proposed Online Gaming Bill, 2025, which could ban real-money gaming. The company states it does not run, support, or have any involvement in real-money gaming, betting, or wagering of any kind. Its current portfolio consists only of casual, puzzle-based, educational, and entertainment games that are strictly free-to-play with no monetary stakes. The company confirms compliance with all existing laws and says the proposed bill will not affect its operations. The filing appears to be a proactive response to media reports that may have caused investor concern.
This is a reassuring clarification aimed at preventing any panic selling due to the proposed gaming bill. Since the company says it is not involved in real-money gaming, the bill should have no direct impact on its business, though the stock may still see short-term volatility if investors conflate it with real-money gaming companies.