A recent report in Economic Times and other internet news websites recently quoted top Delta Corp officials suggesting that it is seeking strategic investments from foreign gaming companies, frontrunners include top Vegas gaming corporations MGM Resorts International and Caesars Entertainment. We saw a clarification by Delta Corp available on MoneyControl …Read More »
Indian Poker Federation (IPF), a Not-for-profit trust having its registered office in Bangalore has been formed recently with the intent of getting poker recognised as a mind game involving considerable skill and strategy, quashing the notion that poker is gambling and creating a common platform for everyone associated with poker …Read More »
The following is a guest post from Roger Lee who has been tracking the ban on poker in USA on his website Compatible Poker. Roger, has been extensively writing on the legality of online gambling in USA post the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA). In this …Read More »
Wagering Agreements are non-enforceable under Section 30 of Contract Act: what are the practical implications on the Indian Gambling industry?
It is not uncommon for me to hear from those with some knowledge of law, most of all lawyers, to say that gambling in India is illegal by virtue of a provision in the Contract Act of 1872. Well, given that there are so few lawyers in the country who …Read More »
Exclusive: The Sikkim government has finally clarified all aspects relating to the online gaming licenses that it started issuing since 2009. An officer associated with Director of Sikkim Lotteries, Basanti Rais office confirmed that a total of nine Letter of Intents (LOIs) have been issued by the Sikkim government while …Read More »
The eastern state of Orissa will form a cabinet-level sub-committee to shape its tourism policy. This initiative is taken in a bid to attract Indian and foreign tourists to explore and visit interesting places in Orissa and make exploration of the state interesting. A report in Economic Times suggests that …Read More »
Indian Gambling Laws in the Spotlight with Explosion in the Online Gambling Market- Guest Post By Egaiarasu [Sponsored]
In the past few months, there has been a sudden surge in interest in gambling in India. One of the key reasons for this is the fact that internationally, operators have geared up to provide patrons with sites that run on cutting-edge technology and software, and offer an impressive game …Read More »
Indian law very straight forwardly bans Foreign Direct Investment in the gambling sector in India. There has been a clear and consistent policy decision no foreign investment is allowed in Indian gambling businesses. No foreign company or subsidiary of such a company can directly or in joint venture with …Read More »
Lessons from 6UP: was the mystery mass gambling business associated with Indian Premier League legal?
There is a simple formula to organise betting and lottery in India, add a layer that involves skill and no one will realise what you are doing. Apparently. Kaun Banega Crorepati gets away with it, but 6UP did not. What was this all about? Trying to understand the gambling laws in India, Ramanuj Mukherjee wrote this piece.Read More »
There has been considerable interest about online gaming licenses issued by the Sikkim government and legal issues involved in it. In the absence of clear laws passed by various states of India banning online gaming; businesses and entrepreneurs sensed an opportunity to target India’s huge gaming market. However, though there …Read More »