First Indian online gambling licence?


India's first online gambling licence award imminent

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.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

5mins ago someone from United States United States played Cleopatra's Gold

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    21
  • Members Online
    286
  • Guests
    2,040
  • New Posts
    196

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Slotty Vegas
  (12 Ratings)
Jackpot Party
  (32 Ratings)
Bet365 Games
  (98 Ratings)
NextCasino
  (85 Ratings)
CasinoLuck
  (143 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (97 Ratings)
Intertops Casino Classic
  (53 Ratings)
Spin Palace Casino
  (69 Ratings)
Betsafe Casino
  (102 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (141 Ratings)
Redbet Casino
  (74 Ratings)
Unibet Casino
  (75 Ratings)
Thrills Casino
  (71 Ratings)
Mr Green Casino
  (198 Ratings)
32 Red Casino
  (168 Ratings)
Sin City Casino
  (51 Ratings)
Vera John Casino
  (117 Ratings)
BETAT Casino
  (108 Ratings)
3Dice Casino
  (147 Ratings)
Liberty Slots Casino
  (94 Ratings)
Casino Saga
  (55 Ratings)
River Nile Casino
  (61 Ratings)
Virgin Games
  (37 Ratings)
Winner Casino
  (270 Ratings)
Ruby Fortune Casino
  (96 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)