India

The Bombay High Court has given the Maharashtra government an ultimatum - file an affidavit or close all online lotteries within two weeks.

The recently formed All India Gaming Federation (AIGF) has appealed to the Prime Minister to legalize sports betting in the country.

Days after the Securities and Exchange Board of India (SEBI) announced it will be looking into the legality of stock exchange based games, Satyug Gold Pvt. Ltd. has withdrawn its real money offering on its website.

Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Ltd., owner and operator of online poker brand Adda52.com.

India’s largest and only listed casino operator, Delta Corp, saw its stocks hit a record high of Rs 155 following the posting of its 16Q1 results.

Indian capital markets regulator SEBI will looking into companies offering online games and contests dealing with stocks, currencies and commodities through regulatory arbitrage.

The recent European Championships saw a dramatic increase in betting volumes across Asia, but also raised a series of questions for both operators and suppliers as to how best to serve sports bettors in the region.

The recent European Championships saw a dramatic increase in betting volumes across Asia, but also raised a series of questions for both operators and suppliers as to how best to serve sports bettors in the region. Experts say volumes were up about 50 percent on the prior tournament in 2012 and European sports book operators are pushing hard to expand the range of bets on offer.



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Karnataka’s tourism department is pushing a proposal that would allow offshore casinos in its coastal towns of Dakshina Kannada and Uttara Kannada.

The Goa government has increased the license fee for new land-based casinos by up to 2 crore rupees ($428,862) based on the size of the casino.

In a move likely to give a much-needed and major boost to the gambling industry in India, the All India Gaming Federation, a body that intends to promote legal gambling among other objectives, was launched in Delhi last week, on Wednesday, August 3.

In a move likely to give a much-needed and major boost to the gambling industry in India, the All India Gaming Federation, a body that intends to promote legal gambling among other objectives, was launched in Delhi last week, on Wednesday, August 3.



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