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!

1mins ago someone from United States read article Mybetboo.com - innovative customisable casino and social network combined

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
    25
  • Members Online
    320
  • Guests
    2,083
Highest Community Rated Online Casinos
NextCasino
  (97 Ratings)
Bet365 Games
  (113 Ratings)
CasinoLuck
  (161 Ratings)
Betsson Casino
  (148 Ratings)
BitCasino.io
  (100 Ratings)
Guts Casino
  (117 Ratings)
Redbet Casino
  (94 Ratings)
Intertops Casino Classic
  (69 Ratings)
Betsafe Casino
  (124 Ratings)
Unibet Casino
  (92 Ratings)
Slotty Vegas
  (56 Ratings)
3Dice Casino
  (163 Ratings)
Spin Palace Casino
  (87 Ratings)
Thrills Casino
  (87 Ratings)
Uptown Aces
  (71 Ratings)
Liberty Slots Casino
  (115 Ratings)
Mr Green Casino
  (227 Ratings)
32 Red Casino
  (194 Ratings)
ComeOn Casino
  (175 Ratings)
Winner Casino
  (287 Ratings)
Vera John Casino
  (134 Ratings)
Casino Saga
  (68 Ratings)
Jetbull Casino
  (66 Ratings)
Casumo
  (82 Ratings)
Sin City Casino
  (66 Ratings)
River Nile Casino
  (74 Ratings)
BETAT Casino
  (132 Ratings)
No Bonus Casino
  (37 Ratings)
Crazy Vegas
  (121 Ratings)
Whitebet Casino
  (60 Ratings)


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