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India Thinking On Sports Betting legalisation
Friday May 17,2013 : IS INDIA THINKING ABOUT SPORTS BETTING LEGALISATION?
Old study may be given new life
The legalisation of sports betting beyond horse racing in India could soon be on the table again, reports the Times of India, noting that an independent study conducted three years ago on the regulation of betting by the United Kingdom has been resurrected by India's minister of sports for further study.
The well-connected newspaper emphasises that the project is very much at a preliminary stage and that it could be some time, and only after extensive political and ministerial manoeuvring, before any progress is made, but the market is a tempting one with the potential to generate significant taxes.
Assessments compiled last year by the professional business services group KPMG suggest that the overall gambling market in India could be worth up to US$55 billion.
Other studies by the country's Chambers of Commerce have shown that well over 80 percent of Indians would rather have a regulated industry than one that is prohibited by government.
India has been embarrassed by a number of high profile betting and corruption scandals in recent years, and proponents of legalisation believe that regulation will help minimise cheating in major sports events.
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$400k Winner at Bodog Casino -
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.
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Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
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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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