Rakesh Jhunjhunwala is a billionaire stock market investor who is recently making headlines for his bold predictions. Rakesh told a crowd of people at the TiECON Summit in Mumbai that he believes that India will legalize casinos and gambling will soon be legal across all of India. Giving the current gambling situation in India this … Read more
Over the weekend eight hospital employees were arrested for gambling on the job in Gaya. The eight employees were outed by a tipster that claimed there was an illegal gambling ring operating inside of a building in a construction zone. The incident took place in the state of Bihar, near the border of Nepal. Bihar … Read more
Several official announcements have been made in regard to India’s coastal state of Goa and its changing casino industry. Goa offers land-based and floating casinos which service all those within the Goa region. However, according to the state’s Agricultural Minister Vijai Sardesai floating casinos in Goa could be moved onshore once and for all. In … Read more
Goa will see an old American floating casino in its waters and cruise ships in India demand the allowance of gambling closer inshore. India’s Pride Group of Casinos and Hotels must dry-dock their two currently in use floating casino boats, Casino Pride I and Casino Pride II at Ratnagiri for repairs. During the two ships … Read more
Analysts from Union Gaming have predicted Goa’s casino market to reach the $1 billion mark in a few years’ time. Goa currently offers floating casinos and land-based casino venues to patrons. However, during 2018 Goa imposed higher casino licensing fees and taxes which came as a surprise to many of Goa’s operators, some of which … Read more
Uncovering illegal gambling schemes is common, especially in places where regulations are obscure or not present at all. However, illegal gambling schemes that lead to legislative overhaul are not so common, though that is the case with the Indian state Maharashtra. Indian news outlet, The Hindu, reported that the local Maharashtra government is planning to … Read more
After recent issues concerning licensing fee hikes in the Indian state of Goa, another financial burdening obstacle pokes its ugly head. According to local reports, ten of Goa’s biggest casinos are under investigation by India’s Tax Agency known as the Directorate of Revenue Intelligence (DRI) for evading three years of service taxes on their licensing … Read more
In March, the Indian state of Goa, through its government, announced a steep rise in casino licensing fees for both venues on land and in water in an effort to boost local revenue. This raise quadrupled fees for all casinos, and the fee grew exponentially as the capacity size of the casino was considered. Many … Read more
An illegal online casino housed at Cyber Café Fun Point in East New Delhi’s Shakarpur was raided by local law enforcement over the first weekend in May. The bust was part of an anti-illegal gambling reduction agenda that local police have taken very seriously. The number of illegal gambling cases has increased over the past … Read more
In New Delhi, the Law Commission is proposing a new legislation to legalize sports betting and establish some new gambling regulations. In an effort to curb questionable gambling activities the panel believes that strict regulation would eliminate some of the illegal activities that generate black money on the streets of India. They stated that it … Read more