Poker booms in India, but needs regulatory clarity for full take off

Poker is booming in India, though regulatory uncertainty, a lack of infrastructure and high taxes, are keeping the market from achieving its full potential, experts say. According to Peter Abraham, the brain behind the India Poker Championship, one of the country’s premier poker tournaments, the poker business has seen “exponential growth” over the last five years.   The IPC will be holding its main event in December this year, after a gap last year due to issues over revenue sharing with the casinos, which have now been resolved. About 150 attendees are expected, more than double when the event started out in 2010 in the offshore casinos of Panjim, Goa. Typically an IPC lasts 4-5 days featuring tournaments with buy-ins ranging from INR 5000 – 30000 ($76 – $457). “I don’t see a slowdown happening anytime soon. It is the younger generation which is of course driving this growth as is the case...

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