The Law Commission of India has advised the government to legalize gambling and betting in order to profit from the industry which has long been existing underground and untaxed.

In its report, ‘Legal Framework: Gambling and Sports Betting including Cricket in India,’ LCI noted that since it is not possible for the Indian government to “prevent these activities completely, effectively regulating them remains the only viable option.” The commission said that the parliament should enact laws that would not only allow individual states the right to opt out of legal gambling within their respective borders but also restrict problem gambling and fight money laundering.

In legalizing gambling, the commission said the government will generate revenue to fund public welfare initiatives, create more jobs, and invite more tourists to visit the country.

CalvinAyre.com’s Becky Liggero brings the highlights of Day 1 of the World Gaming Executive Summit 2018, an event where industry leaders converge for insightful panels and unique networking opportunities.

The country’s failure to choose either Bitcoin Cash or BTC when it shunned the U.S. dollar for crypto is bound to create more problems for the island.

After just a month in his post, the CEO of the gaming service provider has stepped down to focus on other business.

Serie A top-tier football league said the Italian government’s ban on gambling ads would spell danger to their finances as 12 of the league’s clubs had some kind of partnership with a gambling company.

The French regulator said that while loot boxes are microtransactions that do not generate real-world monetary value, they still violate France’s public policy on gambling since they evoke a “near miss” feeling.

Pennsylvania’s gambling regulator showed that the combined slot machine revenues of state’s 12 casinos improved a bit from $2.33b in fiscal 2016-2017.

Total wagering handle in U.S. thoroughbred tracks reached $3.24b in the three months ending June 30, a 5% improvement over the same period last year.

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The organizers of the Scandinavian Gaming Show had released a list of some speakers that will appear on stage during the event as well as the details on how to register for the early-bird rates.