India

 

The sports ministry is looking into the possibility of legalizing sports betting to curb illegal betting and generate revenue, the Times of India reported. The paper said that once complete, the ministry will be forwarding its recommendations to the law, home and finance ministries. The ministry commissioned a study of sports betting in the UK and US three years ago, but then set aside the issue. 

 

 

Delta Corp. reported a consolidated net loss of 103.7 million rupees ($1.9 million), reversing a gain of 115.5 million rupees a year earlier. Revenues fell 28 percent to 561.4 million rupees. The gaming division reported a loss of 29.8 million rupees, compared with a profit of 126.5 million rupees a year earlier, as revenues fell 5.4 percent to 355.6 million rupees. Delta's shares fell by the maximum allowed 10 percent during the session after the earnings release. Delta plans to open two new casinos in India this year.

 

 

Hyderabad police arrested six people allegedly taking bets on Indian Premier League matches, including the brother of  Shaik Khaja, a jailed leader of Harkat-ul-Jihad-al-Islami, an Islamist group blamed for violent attacks in India, Pakistan and Bangladesh and listed by the United Nations as a terrorist group.

 

 

Bets on the new sixth cricket season of the Indian Premier League are expected to reach 400 billion rupees ($7.3 billion), up 25 percent from last year, according to surveys of underground bookies by the Economic Times. Most of the growth is coming from small bets placed by young white collar workers and the bookies generally route their business through Portugal. News reports of arrests of bookies and gamblers are frequent but are not acting as a deterrent.

 

 

Delta Corp. reportedly plans to open a casino with  1,500 gaming positions in Goa next month. The news reports sent Delta's shares up as much as 6 percent on Thursday.  Delta already operates two of Goa's five offshore casinos and has been preparing to launch a third as well as its first onshore casino, which is being built in Daman.

 

 

Mumbai rural police arrested seven people in two raids for suspected gambling. Five were picked up in a raid of a room in the Hotel Kunal Lodging and Boarding but the hotel manager fled from the police. The five men, along with two others arrested in a separate raid, were released on bail. Rural police in Nashik also arrested 15 men for illegal gambling in three raids.

 

 

Ministers and legislators from the ruling coalition in Punjab state visited Casino Pride, one of Goa's largest offshore casinos, for three hours. The state is considering whether to become India's third to legalize casino gambling following a proposal to establish one near Ludhiana. Chief Minister Parkash Singh Badal and his deputy dropped out of the 107-person tour at the last moment.

 

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