India

Australian gaming supplier Aristocrat says it is planning to invest more in Indian entrepreneurs, a move unrelated to its core gaming business.

The arrests of Crown Resort employees in China last year has reinforced the risks associated with relying on high value mainland gamblers.

Rummy website Ace2Three is set to be acquired by a consortium of foreign funds led by Canadian Private Equity fund Clairvest Group Inc. for around CAD$100 million (US$74 million).

The Comptroller and Auditor General (CAG) of India has uncovered a massive loss in revenue for the Nagaland state government due to irregularities in the conduct of Nagaland State lotteries.

Activities such as betting and gambling in India could attract a Goods and Services tax (GST) rate of more than 18 percent, says Union Revenue Secretary Dr. Hasmukh Adhia.

The Sikkim High Court has upheld the rules brought through the Finance Act 2016 which stipulate that persons engaged in the marketing, organizing, selling or facilitation of lottery liable to service tax.

The Meghalaya government has been indicted for wasting government expenditure on retaining staff after shutting down its lotteries department in 2008.

Fees for onshore and offshore casinos have been raised for the third year in a row, local media reports.

 India’s Law Commission recognizes the government would raise substantial revenue from regulating the country’s $60 billion gambling industry, but its chairman says the legal body has not yet made up its mind on the issue.

 

India’s Law Commission recognizes the government would raise substantial revenue from regulating the country’s $60 billion gambling industry, but its chairman says the legal body has not yet made up its mind on the issue. Justice Balbir Singh Chauhan was giving the opening remarks to a conference hosted by the All India Gaming Federation and the Federation of Indian Chambers of Commerce and Industry in New Delhi last week.



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Sachar Gaming Pvt. Ltd. is the first company to be awarded a license to operate multiple games by the state of Nagaland.

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