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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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