India's Gambling And Poker Industry

The sub-continent of India would represent a vast market for many businesses with over 1.2 billion people and an economy which is the tenth largest in the world at $1.53 trillion.
However, one industry which is only partially permitted, while being heavily restricted in the country is gambling. In India only the states of Goa (S-W) and Sikkim (in the Himalayas) allow casino gambling,
Aside from lotteries and horse racing, sports betting and online gambling are not permitted, with ISP’s responsible for blocking offshore betting sites.
In total, India’s gambling market is estimated to be around $60 billion per annum, of which half is illegal gambling, with $20 billion derived from online gaming.  
Presently, only offshore casinos in India are allowed to run live gambling tables with land casinos restricted to electronic machines. Therefore, most casinos in India are based offshore in Goa, with poker accounting for just a small percentage of their earnings.
However, there are now signs that poker is gaining in popularity in India, with more and more people viewing it as a social and recreational activity. As Madhav Gupta whose business operates the Casino Pride poker room in Goa explains:
“We are seeing a rise in the number of players turning to poker. Beyond just the 18-25 year olds we are also seeing players over the age of 40 who are moving from flush (teen patti) to poker.”
Gupta then goes on to explain how organised poker tournament are now beginning to gain momentum inside the casinos, which then benefit from increased number of visitors who, once eliminated from the tournament, often play cash games. He also highlights the fact that over the past year average  tournament attendances have gone up from around 25 players to now over a 100.
The signs are certainly there that a poker boom in India may now only be around 5 years away, but Madhav Gupta has no doubt that the writing is on the wall. As he comments:
“It is going to happen slowly, but it will happen.”

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to