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India's first online gambling licence award imminent
12/14/09 - It seems to have involved an extraordinarily long and complicated process , but there are indications that India's first online gambling licence - issued by the province of Sikkim - will be awarded within the next three weeks.
Several major Internet gambling groups have been bidding for the potentially luctrative licence in India, which has an estimated gambling market worth well over GBP 30 million. William Hill, Betfair and Bwin are reported to be among the 13 companies who have made application.
Although the successful bidder will only be authorised to advertise and promote its services in Sikkim, a province in the Himalayas, it will be allowed to take bets from across India - access to a population of over a billion, many starved of wagering services.
Foreign companies going after the licence were required to have an Indian partner, and it is presumed that the bidding firms have secured this aspect before bidding.
Legal betting in India is presently confined to horse racing, generating annual revenues in the region of GBP 250 million, and casino gambling in the states of Goa and Sikkim. Some estimates place the value of wagering on the illegal 'black' market as high as GBP 25 billion, with over half of this being wagered by cricket-mad Indians, creating international corruption problems.
The successful bidder for the Sikkim licence will clearly be anticipating massive action from the World Cup of football being held in South Africa in June 2010.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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