Business

Goa govt reveals 13 casino licenses in response to RTI query, says gaming commission rules being finalised

Exclusive In response to a Right to Information (RTI) query filed by Jay Sayta, the founder of this website, the Goa…

Easwar committee recommends increasing TDS limit for gaming winnings to Rs. 15,000

Exclusive A committee headed by Justice (retd.) RV Easwar has recommended increasing the threshold limit for Tax Deduction at Source on…

Sri Lanka casinos on verge of shutdown after unreasonable hike in taxes

As predicted by us in January this year, casinos in Sri Lanka are battling for survival after Maithripala Sirisena took…

Punjab government to start online lottery schemes in a bid to generate Rs.150 crore+ revenue

Undeterred by the recent Supreme Court judgment which passed certain adverse but non-binding strictures against online lotteries, the Punjab government…

Sikkim HC strikes down service tax on lottery distributors+holds central rule imposing lottery fee ultra vires

The Sikkim High Court on Wednesday provided double relief to lottery distributors in two separate judgments delivered on 14th October: in…

Summary of webinar on taxation and fema related aspects of gaming winnings

iPleaders in association with Pokerguru.in and GLaws.in has published a summary of the webinar with Sunil Agarwal, Senior Tax Partner at…

Non-disclosure of offshore online gaming winnings channeled through e-wallets falls foul of new anti-black money law says government

The Central Board of Direct Taxes (CBDT) in a circular dated 3rd September, 2015 (Circular 15/2015) clarified that winnings from…

SC appointed black money SIT suggests stricter anti-betting regulations, Karnataka to bring new law against betting soon

There were two important updates concerning the gaming industry yesterday. Both measures can be seen as regressive measures for the…

Goa government transfers offshore casino license to Delta Corp floating hotel, mulls more onshore casino licenses

In a significant move, the Laxmikant Parsekar led Goa government has transferred the casino license earlier held by Casino Caravela…

Delta Corp looks to liquidate its stake in Advani Hotels after 2 successive quarters of net loss, no announcement on Daman casino yet

Delta Corp, India's only listed gaming company has announced that it is looking to divest its 35.6% stake in Advani…