India

The approach to tackling India’s massive illegal gambling market is too piecemeal to make a real dent in the problem and experts say the only real way to curb the practice is to provide a legal framework.

The All India Gaming Federation (AIGF) has welcomed Prime Minister Narendra Modi’s initiative to scrap Rs. 500 and Rs. 1000 currency notes.

Indian Finance Minister Arun Jaitley’s announcement to scrap the 500 and 1,000 rupee notes will wreak havoc on the performance of Goa’s offshore casinos.

Populist Aam Aadmi Party (AAP) leader and Delhi Chief Minister Arvind Kejriwal has vowed to stop casinos in Goa, according to a video message to voters posted on Sunday.

Golden Globe Hotels Private Limited has promised not to operate its offshore casino until the next hearing even if granted a license by the state government.

Online poker website Pokerbaazi has announced the acquisition of Phoenix poker room in Bengaluru and rebranded it ‘PokerBaazi LIVE’.

Activist lawyer Aires Rodrigues has filed a petition seeking recall of the government’s decision to renew and grant an offshore casino licence to Golden Globe Hotels Private Limited.

The All India Gaming Federation (AIGF) has announced a one-day study tour and panel discussion in Gangtok, Sikkim for its members and for delegates from India and abroad.

Indian gaming operator Delta Corp has reported a 8-fold jump in consolidated net profit for the second quarter ending 30 September, 2016.

The All India Gaming Federation (AIGF) has reportedly written to the GST Council, asking for a lower tax rate on casino transactions.

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