Australia’s corporate bookmakers will be the hardest hit should South Australia’s point of consumption tax be adopted by other states in the country, says CLSA analyst Anthony Longo in a note on Friday.

India’s Sports Ministry has begun the groundwork to frame a legislation that legalizes online sports betting in India.

Australia’s gaming and gambling market is currently valued over US$18 billion. With massive growth comes greater challenges as well as new opportunities.

Australia’s booming sports betting market is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market.

 

Australia’s booming sports betting market is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market. Opponents to the merger say the combination will reduce competition in the fastest growing area of the market - online and telephone betting. It also comes hot on the heels of new online gambling legislation, which far from bringing Australia in line with international standards, imposed a more restrictive regime.

 

 



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Foreign investor interest in India’s online rummy companies has been growing, though a recent ordinance banning the game by the central state of Telangana has thrown the industry into turmoil and sparked fears of a domino effect across the country.

 

Foreign investor interest in India’s online rummy companies has been growing, though a recent ordinance banning the game by the central state of Telangana has thrown the industry into turmoil and sparked fears of a domino effect across the country. In India gambling on games of chance are banned in most states. However, a Supreme Court Act from 1996 made a distinction between games of skill and games of chance, allowing the former while outlawing the latter.

 



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Australian wagering operator CrownBet has launched its own appeal against the recent decision from the Australian Competition Tribunal (ACT) approving the Tabcorp-Tatts Group merger.

Sports betting provider, SBTech has become the first sportsbook platform supplier to enter the Cypriot market with the launch of winmasters.com.cy.

Tabcorp chief executive David Attenborough says the company’s Luxbet brand may be axed after its merger with Tabcorp.

The U.S. Federal Trade Commission is seeking to stop the merger of DFS operators DraftKings and FanDuel, as the combined company would control more than 90 percent of the U.S. daily fantasy sports market.

Russia’s bookmakers see their future as being online, with some major players closing down traditional betting shops to focus on the interactive sector.

 

Russia’s bookmakers see their future as being online, with some major players closing down traditional betting shops to focus on the interactive sector. This year’s Russia Gaming Week reflected that trend with some bookies saying they had eschewed booths at the show to channel funds instead to the development of online services.



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