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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.
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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