Tag Archives: India
- India’s online gambling woes leave Clairvest Group with $9M net loss
August 16, 2017
Canadian private equity fund Clairvest Group has reported a net loss of C$11.6 million (US$9.1 million) for first quarter of fiscal 2018, courtesy of potential losses in its investment in Indian online rummy company Ace2Three. In April, the Toronto-based company and its partners acquired a majority stake in Head Infotech,...
- Maharashtra lottery sellers to go on strike to protest 28% GST
August 15, 2017
Private lottery sellers in the state of Maharashtra will be putting up the “Closed” sign next week as part of their protest against the implementation of the Goods and Services Tax (GST) in India. In June, the GST Council announced a dual tax rate for lottery tickets under the new...
- Gaming Law website questions the legality of Match IPL
An Indian gaming law website has questioned the legality of Raj Kundra’s Match Indian Poker League, after revealing players have to pay an annual membership to compete against the Match IPL bot en route to participation in the tournament. Poker in India is on the rise. In May, Pranav Bagai...
- Match Indian Poker League sells eight franchises for inaugural season
August 10, 2017
Poker in India continues to grow as Viaan Industries, and the International Federation of Poker sell eight franchises for their inaugural Match Indian Poker League experience. While he may not be setting any trends in the hair department, Alex Dreyfus can take some pride in the fact that his Global...
- Law panel solicits cricket board’s views on legalized betting in India
August 9, 2017
The Law Commission of India wants to hear the views of state associations on the issue of legalized betting in the country before it submits its recommendations. The country’s top law panel was tasked by the Supreme Court to review the possibility of making sports betting and gambling in casinos...
- India high court finds fantasy sports a game of skill in landmark ruling
August 7, 2017
Because it requires a substantial degree of skill, judgment and discretion, the Punjab and Haryana High Court in India has ruled that playing fantasy sports cannot be considered gambling. The ruling, made by Justice Amit Rawal, was in response to Varun Gumber, a resident of Chandigarh state, The Times of...
Law panel leans towards regulating gambling in India
March 20, 2017
India’s Supreme Court taking another look at sports betting
April 28, 2017