India takes small, but important step, towards online regulation

    Published in: Latest IntelligenceIndia, which has the potential to be one of the world’s biggest gaming markets, has seen a number of events in 2014 that could kickstart the beginning of a regulatory process similar to that seen in other jurisdictions worldwide, such as the U.S.By Albert Climent*The small, north-eastern Indian state of Sikkim in October awarded its first remote gaming license. After almost seven years of waiting for clarification from the central government, the Himalayan state  finally granted the first regular license to start online gaming operations on Indian soil to one of several Provisional Licence holders, Indian lottery giant Future Gaming Solutions (FGS).The proposition may not yet seem commercially appealing. The license will be valid only in Sikkim, one of the smallest and least populated states in India with about 600.000 inhabitants, and services cannot be offered outside of the state’s borders.However, it’s an important milestone, even...

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