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!

4mins ago someone from United States read article Mandalay Media Puts Popular Domain Up for Sale

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    28
  • Members Online
    457
  • Guests
    1,851
Highest Community Rated Online Casinos
SlotsMillion
  (121 Ratings)
32 Red Casino
  (394 Ratings)
Guts Casino
  (217 Ratings)
Club USA Casino
  (315 Ratings)
Mr Green Casino
  (331 Ratings)
Buzzluck Casino
  (193 Ratings)
Lucky Red Casino
  (252 Ratings)
Videoslots.com
  (185 Ratings)
Nexxedge
  (69 Ratings)
Bet365 Games
  (201 Ratings)
NextCasino
  (196 Ratings)
Unibet Casino
  (174 Ratings)
CasinoLuck
  (262 Ratings)
Betsson Casino
  (254 Ratings)
Betsafe Casino
  (230 Ratings)
Redbet Casino
  (185 Ratings)
ComeOn Casino
  (297 Ratings)
Spin Palace Casino
  (137 Ratings)
Casino Extreme
  (200 Ratings)
Raging Bull
  (109 Ratings)
Vera John Casino
  (206 Ratings)
Thrills Casino
  (173 Ratings)
Intertops Red Casino
  (146 Ratings)
Ladbrokes Casino
  (170 Ratings)
Slotland
  (370 Ratings)
BETAT Casino
  (233 Ratings)
Casino Saga
  (120 Ratings)
Slotty Vegas
  (137 Ratings)
Sin City Casino
  (126 Ratings)
Winner Casino
  (372 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus