mumbai stocks of casino and online gaming companies crashed on wednesday after the 28 gst levy on bets was announced investors hit the sell button as they expected the steep tax to throttle the growth of the industry market players and industry experts saiddelta corp which runs several casinos in goa lost nearly a quarter of its value on the bourses its stock closed over 23 down nazara technologies that powers several online gaming apps also lost over 13 in early trade even as it recovered to close the session down 3 onmobile global which enables online gaming software closed over 1 downindustry players said that its unlikely that players will pay 28 tax and then play with the balance 72 to recover more than 100 of their costs the group of ministers responsible to decide on gst rates for all the industries on tuesday said along with casinos and horse racing all those online gaming that involve payment of money will attract 28 gst on full face value of bets currently online gaming attracts 28 gst but on the gross gaming revenue which is much lower than the levy on full face valuesensex slips ahead of inflation datathe sensex slipped by 224 points to 65394 points in a late selloff as investors resorted to riskoff approach ahead of the inflation data