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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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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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