Billionaire investor Rakesh Jhunjunwala-backed Nazara Technologies will go public, with its initial public offering (IPO) set for launch on Wednesday. Nazara’s core businesses include eSports, gamified learning, freemium gaming. and telco-based subscription.
States in India may be more receptive to legalizing casinos and potentially considering hybrid models following the Covid-19 pandemic, however centralized regulation is key to developing the gambling industry.
One gaming operator to watch in 2021 will be India’s Delta Corp., whose stock got a mid-month bump in December after it announced it had received approval in principle to build an integrated resort on shore in Goa.
India’s online skill gaming industry has collectively recommended a policy think tank of the Indian national government, NITI Aayog, to establish a new institution to standardize regulations governing the industry.
The spike in online gambling during the Covid-19 lockdowns has triggered greater chatter amongst politicians in India to regulate and tax online gambling, says igaming consultant Anutosh Chatterjee.
TVBet said it has teamed up with Indian sportsbook Betskey as part of a global expansion plan.
Nepal’s casino industry is recovering from a series of deadly earthquakes and a temporary border blockade with India last year, with international casino operators increasingly eyeing the market as a way to tap potential from neighboring India. Visitor numbers to the Himalayan nation by air jumped 12.77 percent in the first half of this year to 313,512, compared with about 277,992 visitors in the same period last year. In the first half of 2014, tourist arrivals had reached 412,461.
Sands China has been focusing on providing offerings for the Meetings, Incentives, Conferences and Exhibitions (MICE) industry, and sees potential for growth in the...
The challenges presented by Asia’s grey markets and consumer demands for quick-fix gambling solutions were among the key issues addressed at the iGaming Asia Congress in Macau last week. Experts provided views on topics ranging from the perennial lure of China, to the “sleeping giant” that is India, as well as outlining opportunities in fledgling markets such as Vietnam.
Nepal’s casino industry is forecast to bounce back in 2016 after a devastating earthquake last year and an unofficial border blockade imposed by India. According to Union Gaming Analytics, an industry consultant, the Indian market could have the potential for US$4 billion in gaming revenue and Nepal casino insiders say operators are perfectly positioned to attract those players.The industry in Nepal has faced a tumultuous few years, with the government shuttering all casinos in 2014 after failure to comply with new regulations and pay outstanding license fees. The casinos began reopening in 2015, with many under new management, only to be hit by an earthquake in April, followed up by an unofficial border blockade by India.
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