India

Toronto-based private equity company Clairvest has posted a net loss for fiscal Q1 of C$11.6 million ($9.1 million), or $0.76 a share, after accounting for potential losses in an investment in Indian online rummy company, Ace2Three.

The activities of Goa’s onshore and offshore casinos will be closely monitored over the rest of August, with the by-elections in Panaji coming up later this month.

The Law Commission of India is seeking the opinion of the BCCI in regards to the legalization of sports betting in the country, local media reports.

Delta Corp is supportive of the state government’s decision to shift casinos onshore, saying that it will provide more stability to its business.

The High Court of Punjab and Haryana has ruled that online fantasy games require skill and therefore can’t be considered gambling, which is illegal.

The BJP is currently considering turning Goa’s casino industry cashless, according to comments from chief minister Manohar Parrikar on Thursday.

The Kerala government has written to the Union Home Ministry seeking a ban on lotteries conducted by the Mizoram government.

Kerala Finance Minister T.M. Thomas Isaac has outlawed the sale of Mizoram lottery tickets in the state, and says an investigation into their sale will be conducted.

A new policy will soon see local Goans barred from visiting casinos, and a cap placed on the number of casinos in a particular area, said Goa Chief Minister Manohar Parrikar on Monday.

The state government is set to come up with a casino policy in the upcoming monsoon session of the Goa legislative assembly, which begins on Tuesday.

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