Saturday, May 25, 2019

India

Goa offshore casinos given another extension

With the state government yet to draft a policy to regulate the casino industry, the state cabinet on Friday granted offshore casinos another six...

Private member’s bill sparks online gambling debate

A private member’s bill recently introduced in parliament is expected to give fresh impetus to the debate on legalizing online gaming and sports betting...

Steadview eyeing $100m investment in Dream11

Hong Kong-based hedge fund Steadview Capital Management is reportedly considering an investment of more than $100 million in Indian online company Dream11, which would...

Rummy for stakes considered gambling in Kerala

The Kerala High Court has maintained the ruling that playing rummy for stakes is considered gambling and thus an offense under the Kerala Gaming...

Manipur government to reintroduce lottery to the state

The Deputy Chief Minister of Manipur, Yumnam Joykumar on Thursday announced that the state plans to reintroduce lottery, which is expected to bolster state...

GST Council to decide on uniform tax rate for lotteries

A state ministerial panel set up to review the tax rate on lottery has recommended setting a standard GST rate for all lottery of...

Up to individual states to regulate fantasy sports

Union Minister of State for Finance, Pon Radhakrishnan, has said it’s up to individual states to decide on how to regulate gambling on fantasy sports, Glaws reports.

Paytm enters India rummy and fantasy sports space

E-commerce and digital wallets portal Paytm have launched a rummy and fantasy sports product on its mobile app, Glaws reports. The rummy and fantasy...

No new casinos in Goa under tourism plan

Goa’s new tourism master plan doesn’t involve new casinos, local media cited Goa, Tourism Minister Manohar Ajgaonkar as telling the legislative assembly. In a written...

Betfair stops accepting Indian business

Betfair has stopped accepting players from India effective 28th January, 2019, G.Laws reports.

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Sands China invests in green technology for its properties and fleets

Macau gaming operator Sands China is investing in a number of initiatives to reduce its impact on the environment, such as solar panels, recycling...

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

Kansai IR Expo reveals rapid growth of the gaming industry

The scale of the Kansai IR Industrial Expo held in Osaka on May 15 and 16 testified to the rapid rate of growth of the gaming industry in Japan as it was clearly much larger than its predecessor event held a year ago in the same city.

Parañaque court affirms Okada warrant of arrest

A Parañaque City trial court has affirmed the warrant of arrest issued earlier this year against Japanese gaming mogul Kazuo Okada, local media reports. Okada’s...

Summit Ascent announces board changes after Suncity hikes stake

Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.