Jay has researched extensively on gaming laws and has been cited by various media houses and journals as an expert.He has helped leading newspapers in their stories on gaming laws. Jay completed his B.A. LL.B. (Hons.) degree from NUJS, Kolkata in 2015 and is currently based out of Mumbai.
The Year of the Dog is about to dawn in Asia, with most gaming markets in the region starting on a positive note after a strong 2017. The focus this year is likely to be on emerging markets, though regulatory change and disruptive technologies, such as the stellar growth of bitcoin are also expected to […]
Elections are scheduled in Goa in early 2017 and one of the key issues for political parties is the fate of casinos. Political parties like the Aam Aadmi Party (AAP), whom political pundits feel have a decent shot at power, have promised to eliminate casinos if voted to power, while other opposition parties like the […]
Maharashtra chief minister Devendra Fadnavis has reportedly turned down a proposal sent by the home department to legalize casinos in the state, according to inside sources. “At least for now, chief minister has refused to approve the file, which means he is not interested in legalizing it. The file has been pending for almost a […]
Online poker website Khelplay.com recently organized a panel discussion on “Recent Developments in the Skill Games Industry”- a seminar on legal, regulatory and tax updates for poker players and operators. The event mainly generated awareness about the recent developments and potential of the skill games industry and its differences from gambling. Panelists included Kuntal Sampat, […]
Allowing on-shore casinos in Maharashtra would earn the state government Rs 1,500 crore (US$277 million) a year, says the Maharashtra Tourism Development Corporation (MTDC). MTDC made the comments during a high-level meeting conducted last week to discuss whether to allow on-shore casinos in Maharashtra. The meeting discussed various aspects of the issue such as licensing, […]
Gaussian Networks’ Adda52 ‘poker for stakes’ matter has been withdrawn in the Delhi High Court in light of several new developments in the games of skill industry and at the request of the parties, Glaws reports. The case was first necessitated by a revision petition filed by Gaussian Network Pvt. Ltd., the company that operates […]
The Maharashtra Government has reportedly responded to a PIL filed by a local gaming lawyer to discuss options regarding the buried Maharashtra Casinos Act. The PIL, filed by Jay Sayta who runs the website Glaws.in, in February was pending a response from the Maharashtra Government. “The Maharashtra government has issued a letter to me, informing […]
Goa Chief Minister Laxmikant Parsekar says there will be a hike in the entertainment tax and license fees for onshore and offshore casinos in the state, local media reports. During his budget speech in the legislative assembly, Chief Minister Parsekar said the entry tax for casinos will be increased from Rs. 700 (US$10.40) per visitor […]
Several companies in the online skill games industry in India have made a representation to the Union Finance Minister Arun Jaitley to consider relaxing Tax Deducted at Source (TDS) norms applicable to games of skill websites.. The move follows the Easwar committee report on simplification of income tax procedures and hiking thresholds for TDS deductions, […]
India’s Supreme Court didn’t provide the final legal clarity many had been hoping for when it comes to ruling whether gambling on games of skill is legal, but didn’t express a negative opinion either, meaning the activity should be able to go ahead. “Although, contrary to expectations, the Supreme Court order has not brought conclusive […]
Foreign investor interest in India’s online rummy companies has been growing, though a recent ordinance banning the game by the central state of Telangana has thrown the industry into turmoil and sparked fears of a domino effect across the country. In India gambling on games of chance are banned in most states. However, a Supreme Court Act from 1996 made a distinction between games of skill and games of chance, allowing the former while outlawing the latter.
When India played its old foe Pakistan in a World Cup cricket game in 2015, a staggering 1 billion people were estimated to have tuned in to watch, while the average viewership for its national side in a big game is about 400 million. The figures clearly illustrate the potential of the fantasy cricket market in India, while a recent regulatory breakthrough may have set a legal precedent giving a further boost to the market. The state of Nagaland recently issued its first skill-based licenses for online poker.
With signs Macau is well on the road to recovery; the Philippine market growing in double digits; and the prospect of casinos in Japan, 2017 is starting on a more promising note for Asia’s casino industry. We asked some of our contributors to give us their predictions for what will be the most notable events and trends of the year ahead.
On Nov. 8th, Indian Prime Minister Narendra Modi made an unscheduled televised appearance during which he dropped a bombshell for the country’s economy. In an effort to stamp out the black market and tax evasion he announced that the 500 rupee and 1,000 rupee notes in circulation would cease to be legal tender. The move triggered an estimated 80 percent drop in gambling revenue across the country.
The All India Gaming Federation recently conducted a one-day study and panel discussion throwing the spotlight on the tiny state of Sikkim, one of only three in the country where gambling is legal, with participants noting it could be a model for the rest of India to follow. The tiny Himalayan state has been leading the way in terms of gambling legalization, permitting sportsbetting, online betting and casinos.
India’s authorities lack a coherent approach when it comes to tackling rampant illegal gambling, with criminal syndicates often enjoying political patronage from a ruling class which has publicly opposed legalization of the industry. The country’s approach to tackling the problem is as fragmented as the legislation covering the sector. While central investigating agencies like the Enforcement Directorate and the Central Bureau of Investigation do look into some high-profile cases with a pan-India impact, at the state level, the matter is generally dealt with on a case-by-case basis by the police.
In a move likely to give a much-needed and major boost to the gambling industry in India, the All India Gaming Federation, a body that intends to promote legal gambling among other objectives, was launched in Delhi last week, on Wednesday, August 3.
Lawmakers in the Indian state of Maharashtra are considering moves to legalize casino gambling, while the Supreme Court has handed the decision on whether to allow sports betting over to politicians. Both moves are being followed closely by the industry, which views India as a potential sleeping giant in Asian gaming. With its 1 billion-plus population and rapidly expanding middle class, the market is seen as having huge potential.
With a huge and rapidly expanding middle class, the potential for casino companies in India knows no limit -- apart that is from a lack of a legal framework. Gambling is banned in all but three states but, even then, the situation is not clear cut. However a young lawyer has been making waves with his attempts to force more clarity on the legal situation in Maharashtra, the third-most populous state whose capital Mumbai is the commercial heart of India and one of the biggest cities in the world.
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 and about 150 attendees are expected, more than double when the event started out in 2010 in the offshore casinos of Panjim, Goa.