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 Singapore played China River

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
    26
  • Members Online
    364
  • Guests
    1,715
Highest Community Rated Online Casinos
SlotsMillion
  (94 Ratings)
32 Red Casino
  (362 Ratings)
Guts Casino
  (204 Ratings)
Club USA Casino
  (289 Ratings)
Mr Green Casino
  (313 Ratings)
Buzzluck Casino
  (183 Ratings)
Lucky Red Casino
  (228 Ratings)
Videoslots.com
  (176 Ratings)
BETAT Casino
  (216 Ratings)
NextCasino
  (172 Ratings)
Bet365 Games
  (190 Ratings)
Unibet Casino
  (165 Ratings)
Betsson Casino
  (238 Ratings)
CasinoLuck
  (245 Ratings)
Betsafe Casino
  (212 Ratings)
Redbet Casino
  (174 Ratings)
ComeOn Casino
  (281 Ratings)
Spin Palace Casino
  (129 Ratings)
Casino Extreme
  (182 Ratings)
Slotty Vegas
  (127 Ratings)
Intertops Red Casino
  (139 Ratings)
Thrills Casino
  (159 Ratings)
Slotland
  (341 Ratings)
Vera John Casino
  (198 Ratings)
Sin City Casino
  (112 Ratings)
Play4Win
  (41 Ratings)
Sunnyplayer Casino
  (40 Ratings)
Ladbrokes Casino
  (167 Ratings)
Winner Casino
  (364 Ratings)
Mummys Gold
  (141 Ratings)


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