The Group of Ministers (GoM) that was set up in May to audit the Goods and Services Tax (GST) for online gaming, gambling, and horse racing has agreed that online gaming would not be taxed like a gambling entity. The GoM has also agreed to consult industry and legal experts before they submit a final … Read more
India’s gambling industry is arguably more complex – and more hotly debated – than other in the world. In a nation with 1.34 billion people, gambling is rampant, and it makes sense for Indian states and territories to capitalize as much as possible on gaming tax revenue. However, according to many critics, the government has … Read more
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