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Nagaland Publishes its Own Online Gambling Regulations
INDIAN PROVINCE PUBLISHES ITS ONLINE GAMBLING REGULATIONS
Operator applicants welcomed in Nagaland.
Nagaland, one of two Indian provinces that have legalised online gambling, has published its regulations under the Nagaland Prohibition of Gambling and Promotion and Regulation of Online Games of Skill Rules, 2016.
The regulations make it possible for the government to press ahead with the issue of licenses, and operators who wish to licence in the province may now submit applications.
Licence requirements include an application fee of Rs. 50,000 ($740) and compliance with regulations that require that the controlling stake of the enterprise and the location where executive decisions are made must be within India.
In addition a licence fee of Rs. 1 million per game per annum, or Rs. 2.5 million per annum if the applicant offers a variety of games, is payable, along with a gaming tax of 0.5 percent of GGR.
Industry experts have observed that the hefty fees and taxation are likely to deter many operators.
In related news and still in India, the Sikkim province, which was the first to licence and regulate online gambling, has spared the vertical from new regulations it has imposed on the provinces two land casinos.
The regulations double entry fees to the casinos from Rs. 500 ($7.5) to Rs. 1,000, and ban local residents from entry by requiring that those entering the casinos produce ID issued outside the Sikkim province.
The land operators are reportedly not happy with the changes, which they saw will adversely impact their local business.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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