Nazara's Strategic Investment in Moonshine Technology Enhances PokerBaazi's Growth
Investment Overview
Nazara Technologies has announced a massive investment of Rs 982 crore in Moonshine Technology, the owner of popular gaming platform PokerBaazi. This investment is poised to enhance the gaming experiences offered and increase user engagement.
Key Revenue Streams
According to reports, PokerBaazi significantly contributes to Moonshine's revenue, accounting for over 85% of net earnings. Additionally, the fantasy sports platform SportsBaazi plays a role with around 12% of revenue.
Gaming User Engagement
With a staggering 340,000 monthly active users as of May 2024, PokerBaazi's user base continues to grow, showcasing the strong market position of the platform.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.