Wednesday, May 29, 2024

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‘Light-touch’ regulation needed to elevate India as a global online gaming hub: Association

A conducive 'light-touch' regulatory environment and robust support mechanisms should be put in place in order to allow India to emerge as a 'global gaming innovation hub', the All India Gaming Federation (AIGF) proposed.

India’s Delta Corp casino revenue up 7.2% in financial year ending in March

Indian casino operator Delta Corp announced that its casino revenue grew from $65.3 million to $70 million in the financial year ended March 31st.

Supreme Court decision to determine fate of India’s online gaming: lawyers

An Indian Supreme Court decision over gaming taxation will hold significant implications for an industry grappling with regulatory uncertainties and divergent tax rulings across the country, legal analysts consider.

Daily Asia Gaming eBrief: India with strong gaming potential, facing hurdles: Consultant

India's gaming industry, particularly in Goa, is facing parallels with Macau's early days, with rampant possibilities, albeit tempered by regulatory challenges and a steep tax framework, notes a top consultant.

India gaming sector holds immense potential if regulatory and taxation hurdles are overcome – Consultant

Gaming expert William Bonar has emphasized the potential of India's gaming industry, but warns of regulatory challenges and legal complexities hindering growth. Despite the challenges, the consultant remains optimistic, drawing parallels to Macau’s original potential as seen in the early 2000s.

India supreme court suspends money laundering case against lottery businessman Santiago Martin

The Indian Supreme Court has temporarily halted the trial proceedings in a money laundering case against lottery tycoon Santiago Martin under the Prevention of Money Laundering Act (PMLA)

Malta, Curacao and Cyprus companies under scrutiny by India over cyber fraud syndicate

Indian authorities are zeroing in on online gaming companies and websites which are incorporated in Curacao, Malta and Cyprus after the arrest of a Delhi man involved in a cyber fraud case worth hundreds of millions of dollars.

India eyes independent eGaming regulator to better separate gaming from gambling

India might be a step closer to receiving its own E-Gaming regulator tonight, as the government moves away from the idea of self-regulation.

India’s ‘Lottery King’ emerges as nation’s top political donor amidst allegations of fraud and money laundering

Amidst accusations of fraud and money laundering by authorities, Santiago Martin, often dubbed India's "lottery king," has surfaced alongside his company as the foremost political donor in the nation.

Don’t promote illegal gambling, CCPA tells Indian celebrities, influencers

India’s consumer watchdog has issued an advisory warning celebrities and online influencers in the country against promoting illegal gambling. The move by the Central Consumer...