Tag: India

Land ahoy for Goa’s casino industry suggests CM

Goa Pramod Sawant India Chief Minister
Goa’s new chief minister may yet decide to push forward with plans to relocate the state’s floating casinos to a new land-based entertainment zone

SPiCE a ‘tour de force’ for networking

SPiCE, networking, goa, india, gaming
The Strategic Platform for iGaming Conference and Exhibition (SPiCE) 2019 was a “tour de force” of networking, panels and discussions among the industry’s top players. It opened at the Goa Marriott Resort and Spa in the Goan capital of Panjim on the 25th of February 2019 with a casual Pre-event Networking Function, titled “SPiCE Breaker”, followed by two days of...

Nepal’s Tiger Palace Resort seeing significant visitation from India and China

Nepal, Tiger Palace Resort, India, China
Brett Model, general manager of Tiger Palace Resort in Nepal reports that the property - operated by Australian- listed Silver Heritage - received visits from more than 100,000 Indian nationals last year, while the venue expects a further boost to footfall once the international terminal at Bhairahawa Airport opens in H2 2019. Speaking to Casino Review, he confirms that...

SPiCE 2019: An interview with Subject Matter Expert, Anutosh Chatterjee

SPiCE, GVC, Eventus
Anutosh Chatterjee is a Subject Matter Expert (SME ) in the global iGaming space., Anutosh has a substantial  knowledge and experience for the Indian subcontinent. Anutosh started his career in GVC holding in 2003 as part of their core marketing team and has been exposed to all aspect of real money wagering from paper lotteries to online betting. Anutosh has...

Interview with Akshay Jain CEO & founder of Vinotech

eventus, spice, india, vinotech
How did you find your start in the industry and how did you arrive at your current position? Akshay: We were fortunate to have bagged a project on fantasy sports application development quite early in our business. This project helped us foresee the potential of fantasy sports app industry and by the end of the project, we were confident of...

SPiCE Gaming Conference and Exhibition will discuss of Indian parliament’s betting legalization developments

SPiCE, Gaming Conference Exhibition, India, parliament, betting, legalisation
As we enter the new year, there is excitement and anticipation building up for the much awaited, Strategic Platform for iGaming Conference & Exhibition (SPiCE) that is scheduled to be held from 25th - 27th February, 2019 at the Goa Marriott Resort & Space, located in Miramar, Panaji. The event will see eminent experts and industry leaders brainstorm the developments...

Goa’s government moves forward will plans for ‘casino strip’

Politics, ASIA, GOA
Local media reports suggest that Goa's floating casinos will be allowed to continue operations for a four-year period following the passage of the state's new gaming legislation which Delta Corp chair Jaydev Mody has welcomed as a potential “game changer” for the industry. In Goa, the government appears to be moving forward with plans to move the state’s six offshore...

SPiCE Gaming Conference and Exhibition to be held in Goa Marriott Resort & Spa in February 2019

SPiCE, Gaming Conference and Exhibition, Goa, Goa Marriott Resort & Spa, india
The second edition of the Strategic Platform for iGaming Conference & Exhibition (SPiCE), is set to be held on 26th and 27th February 2019, at the Goa Marriott Resort & Spa, located in Miramar, Panaji. The two day conference and exhibition, hosted by Hong Kong-based Eventus International, will be held at the serene Goa Marriott Resort & Spa, which is...

Goa’s floating casinos granted six month reprieve

ICR 193 ASIA GOA
Goa's government has granted a six month extension for casinos operating on Mandovi River, Public Works Department minister Sudin Dhavalikar confirmed in late September. At present, the state is home to six offshore and 10 landbased casinos. The news came one day before the previous six-month extension, granted in April, was due to expire on 30 September. The latest extension...

Bombay High Court orders Goa to clarify casino service fees

ICR 192 POLITICS GOA
Nearly six months after the Directorate of Revenue Intelligence issued 10 notices to Goa’s casinos ordering them to pay tax on licence fees for the years 2014 to 2016, the Bombay High Court has ordered Goa’s tax department to justify why the service fees were introduced. The Goa bench of the Bombay High Court made the demand while hearing a...

Goa’s CM pushes forward with new casino policy

SD visits New Dehli, India
Goa’s chief minister Manohar Parrikar has confirmed that the government will go forward with plans to move the state’s floating casinos to a new designated gaming zone and appoint a regulator for the sector. Goa’s chief minister Manohar Parrikar has announced that six offshore casinos on the river Mandovi will be shifted to a designated gaming zone within four years....

Goa’s chief minister rules out establishing gaming regulator

SD visits New Dehli, India
While plans to establish a regulator for Goa’s casino industry were first announced six years ago, the state’s chief minister Manohar Parrikar stated that there were already “enough provisions to impose restrictions” on the gaming industry this July. More than a year after Goa’s Legislative Assembly announced plans to shift the state’s six offshore casinos to “a land-based designated entertainment...

Eventus-International presents all encompassing event on Indian gaming industry

Spice Logo
Whilst gambling and betting in India is heavily restricted, there have been periodic discussions on the need to reform and regulate the industry. With the national general elections scheduled to be held in April-May 2019, many believe that the time is ripe to discuss and deliberate on the possible options before law and policy makers, and to brainstrorm the investment opportunities...

Goa’s casino industry in a ‘state of flux’

ICR 189 COMMENT LONGCOMMENT RANJANA
With the industry no clearer as to when Goa’s floating casinos will move to a new land-based entertainment zone, Ranjana Adhikari of Nishith Desai Associates, gives an insight into the factors affecting state’s gaming industry. On a basic level, India’s political structure is similar to that of the US, with powers divided between the central government and the states. According to...

Silver Heritage’s Tiger Palace to open in March, second Nepal IR on the cards

Casino Review - Nepal Silver Heritage
Tiger Palace Resort Bhairahawa is finally set to open its doors in March, but opinions remain divided over how lucrative Nepal’s India-facing market will be. Australian-listed Silver Heritage has announced that the hotel, gaming and hospitality facilities at Tiger Palace Resort Bhairahawa will become fully operational in March, while the property’s VIP rooms will launch in Q4 2018. In a regulatory...

DraftKing’s Jeffrey Haas: India could be the next big DFS frontier

iGaming Times DraftKings Indian Cricket
Daily fantasy sports entrepreneurs looking for the next growth region should look no further than India, where the product has begun to gain impressive traction with the country’s legions of sports fans. According to DraftKings chief international officer Jeffrey Haas, a small pool of local operators have been finding commercial success in India by running popular daily fantasy cricket tournaments alongside other...

Roll out of amended Goa Gambling Act held over

Casino Review, Goa parrikar
New legislation which will see Goa’s six shipboard casinos moored on the Mandovi river moved to a land-based “special entertainment zone” within the next three years has been held over until 2018.   While the state had announced it would reveal its new casino policy in December, but chief minister Manohar Parrikar has since stated that, while the amended Goa Gambling...

Golden Play given go ahead for casino in Sikkim

sikkim
Casino operator Golden Play Pvt Ltd has been given the green light to launch a new casino in the five star Hotel D’Wang Residency in Gangtok, the capital of the Indian state of Sikkim.   Manoj Sethi, Director of Golden Play, a subsidiary of Mumbai-based Golden Gaming International (GGI), said the company should begin operations by April 2018. The provisional license is...

What does the future hold for the Indian casino industry?

indian
Ranjana Adhikari, co-head of Media and Gaming at Nishith Desai Associates, looks at the factors affecting growth in the Indian market, the impact of new gaming venues in Nepal, and moves towards lifting the ban on foreign direct investment.   International Casino Review: On paper, India appears to have a large potential market, but widespread casino gambling has not yet taken...

Microgaming’s Indian Poker Network enlists fourth poker operator  

india poker yaar
Microgaming has added Poker Yaar to its Indian Poker Network.   Owned by Club Empire Tech Private Limited, Poker Yaar is the fourth poker operator to go live on the network. “Poker Yaar will completely revolutionise the skilled gaming sector in India,” Aman Shahpuri, commercial director at Club Empire, said. “With state of the art technology and a customised product for the Indian market, we aim...

The Deltin Group sign MoU to run casino at Marriott Kathmandu

Marriott-Kathmandu-Hotel deltin
The Deltin Group is to operate a casino at a flagship Marriott hotel currently under construction in Naxal, Kathmandu. The Indian operators, who are a subsidiary of India’s largest gaming company, Delta Corp Ltd, signed a memorandum of understanding (MoU) with Everest Hospitality and Hotel Pvt Ltd, a subsidiary of Nepalese conglomerate MS Group, to operate a casino in...

On the Beach: Parrikar to take a decision on relocating Goa’s floating casinos by December

parrikar goa lucky 7
Goa’s sixth casino vessel, Lucky Seven, finally got off the Aguada sandbar while chief minister, Manohar Parrikar, has affirmed he will take a final call on shifting the state's floating casinos before December.   Goa’s Manohar Parrikar-led coalition government approved a six-month extension to the off-shore casinos in the Mandovi River at the end of September. Parrikar told reporters that a policy...

International support continues to grow with 47 nations represented at the first Gaming Africa

47 gaming africa
Gaming professionals from Brazil to Botswana, Germany to Ghana and Lithuania to Lesotho will be amongst the delegates expected at the inaugural Gaming Africa, Clarion Gaming’s two day conference and learning symposium being held across 24th and 25th October in Johannesburg. Representatives from a total of 47 nations have registered to be part of the free to attend event, including...

Parrikar pushes the boat out: floating casinos to be replaced by land-based entertainment zone

Casino Review, Goa parrikar
Goa’s chief minister, Manohar Parrikar, has informed the state’s legislative assembly that the five casinos which currently operate on the Mandovi River will be moved onshore to a new entertainment zone, which the local press has already characterised as“a mini Las Vegas”.   Like a scene from Werner Herzog’s Fitzcarraldo, Goa’s floating casinos could soon be rolling off the Mandovi river...

Delta Corp’s $11.44m profit driven by landbased and online expansion

ICR - Delta
India’s only publicly traded casino operator Delta Corp saw its profits grow by 94.7 percent in the 2016-2017 financial year, driven by an expansion of its operations and efficient marketing.   Delta Corp, India’s only publicly traded casino operator, saw its profits grow by 94.7 percent in the 2016-2017 financial year. In a filing to the Bombay Stock Exchange, the company...

Goa’s casinos granted extension but face fee hike

Casino Review - Goa's casinos parrikar
Goa's recently elected government has introduced a new annual budget that will see the state’s land-based and floating casinos facing increased fees in 2017.   The latest increase marks the third consecutive year casino fees have been raised, and the fee hike includes both annual recurring and licence transfer fees. The floating casinos in Goa, India’s smallest state, will be required to...

Winding river ahead for Goa’s sixth casino

Casino Review - India Goa's sixth casino golden
The Goan government has been ordered to activate a dormant sixth offshore casino licence following a court defeat, but in the wake of a hung parliament after elections this March, what does the future hold for the casinos on the Mandovi river?   It’s been far from plain sailing for Goa's sixth floating casino, however following a high court ruling Casino...

India’s Delta Corp sees significant rise in quarterly profits

Casino Review Delta Corp
This quarter has seen Delta Corp, India’s largest and only listed casino operator, betting on inorganic growth as it heads out on the acquisitions trail seeking to expand into the online market.   India’s sole listed gambling operator, Delta Corp, has released its financial results for July to September period which show that its consolidated income from gaming operations rose by...

Indian state of Andhra Pradesh considering casino-resort projects

Casino Review Andhra Pradesh
There may currently be six projects on the table, but southeastern Indian state Andhra Pradesh  will have to amend its gambling law to give them the go-ahead.   Casino operators are eyeing at the recently bifurcated (split) state of Andhra Pradesh as fertile ground for casino-resorts with the state government presently weighing-up seven proposals for gaming venues. While casinos in India are...

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