The year ahead - Jay Sayta

Elections are scheduled in Goa in early 2017 and one of the key issues for political parties is the fate of casinos. Political parties like the Aam Aadmi Party (AAP), whom political pundits feel have a decent shot at power, have promised to eliminate casinos if voted to power, while other opposition parties like the Congress party have stated that they would consider removing casinos altogether or phase them out, if required. The ruling Bharatiya Janata Party (BJP) however maintains that casinos are a necessary evil and have brought in considerable investment and attracted tourism.

2) The online skill games space is likely to see more consolidation with big enterprises entering this sector. One could see launch of more rummy, poker and gaming websites and more announcements on the lines of the Delta Corp acquisition of Adda52.

3) Amaya Group CEO Rafi Ashkenazi has indicated that Pokerstars will launch an India facing website by the first or second quarter of 2017 and is in discussions with local partners. Pokerstars formally making an entry to India will make the online skill games space highly competitive and smaller players may be forced to exit the space.

4) Delta Corp has announced the launch of its new casino in Hotel Denzong Regency in Gangtok, the capital city of Sikkim. The company has already received a provisional license from the state government and is in the process of refurbishing the gaming space. The new casino is expected to start operations by the first quarter of 2017.   

5) 2017 could see one or two more states regulating and licensing casinos. There are talks with the governments of Puducherry, Telangana, Andhra Pradesh and Karnataka and one or two of these might probably commence the process of regulating and licensing casinos for the purpose of promoting tourism.

Note from Jay Sayta, founder Glaws.com

Other notes from: 

Andrew Klebanow, Global Market Advisors

Augustine Vinh, president and CEO of Stellar Management

Ben Lee, managing partner of IGamiX Management & Consulting

David Green, CEO of Newpage Consulting

Ebbe Groes, CEO of EveryMatrix

Harmen Brenninkmeijer, managing partner at Dynamic Partners

Michael Zhu, vice president, operations, planning, analysis of Innovation Group

Mike Santangelo

Sam Sheng, director of Double Square Consulting

Steve Gallaway, Global Market Advisors

Sudhir Kale, CEO of GamePlan Consulting

Tim Shepherd, co-founder and president of business development at Silver Heritage Group

More news from this jurisdiction

IndiaTuesday, Feb 21, 2017

The opposition Congress on Monday has vowed not to renew the liquor licenses of offshore casinos in Goa if voted to power in the elections next month.

IndiaMonday, Feb 20, 2017

Goa’s offshore casinos will not be affected by the latest rules set by the Supreme Court, banning the sale of liquor within 500 meters of state and national highways.

IndiaWednesday, Feb 15, 2017

Mumbai-based Nazara Games says it will be investing $20 million over five years in esports, local media reports.

IndiaWednesday, Feb 15, 2017

The Enforcement Directorate (ED) has attached the assets of N. Jayamurugan, an associate of Santiago Martin, in connection to a Sikkim lottery scam.

IndiaMonday, Feb 13, 2017

It is understood that Goa’s redrafted gaming laws will undergo a review from the Advocate General (AG) before it is brought into force, local media reports.

IndiaFriday, Feb 10, 2017

A third petition has been filed in the Gujarat High Court after a poker club was denied clearance by Surat police.

IndiaWednesday, Feb 01, 2017

While opposition parties have promised a clampdown on casinos in the state in the lead up to the election, the Goa BJP party has remained silent on the issue.