Category: Gambling
Gambling08 Feb, 2019 Rakesh Jhunjhunwala predicts pan-India casino legalization
One of the leading names in the Indian stock market industry is undoubtedly Rakesh Jhunjhunwala. The ace investor and businessman is currently the largest individual investor in the domestic equities market. The Economic Times referred to him as the ‘Pied Piper of Indian bourses&#...
Gambling08 Feb, 2019 Ahmedabad police busts gambling den near HQ
In wee hours of Wednesday this week, the city of Ahmedabad saw a gambling raid conducted by its police forces, guided by the cell monitoring team. The raid amounted to confiscation of goods worth INR 1.68 Lakhs. The raid happened within footsteps of the Ahmedabad Police headquarters in ...
Gambling08 Feb, 2019 Sports betting bill clears first hurdle in Indiana
On Wednesday afternoon, American time, a major hurdle was cleared in the way of Indiana’s pursuit of legalizing sports betting. The bill, called Senate Bill 552, is authored by Republicans Mark Messmer and Jon Ford and calls for two casinos in Gary, Indiana to relocate and legalize spor...
Gambling08 Feb, 2019 Kentucky sees online poker bill submitted in House
Kentucky, a majorly conservative state in the United States, has tried in the past to legalize online gambling but it did not amount to anything. However, a recently introduced bill in the House could possibly be the start of positive things to come for the industry in Kentucky. Republi...
Gambling06 Feb, 2019 Wynn Resorts reaches settlement with Nevada
The American publicly-traded company, Wynn Resorts, has reached a settlement with the authorities of Nevada over Wynn Resorts’ founder and ex-Chairman Steve Wynn and the sexual misconduct allegations levelled against him in early 2018. The Wall Street Journal (WSJ) reported in January 2...
Gambling06 Feb, 2019 DOJ’s rethinking of Wire Act receives backlash
Recently, the US Department of Justice (DOJ) reinterpreted the 1961 Federal Wire Act, which bans using wire transfers to facilitate wagers and bets, including online gambling too. Sheldon Adelson was the main proponent of the reinterpretation and was also the major stakeholder since his...
Gambling06 Feb, 2019 Virginia Senate passes sports betting bill
The US state of Virginia is all set to allow land-based casinos to operate in its region, along with legalizing sports betting. A Virginian Democratic Senator by the name of Louise Lucas introduced a bill called SB 1126, detailing legalization of casino gaming in the state and the Senat...
Gambling05 Feb, 2019 3 sports betting bills submitted in Iowa
The midwestern US state of Iowa is heavily considering legalizing sports betting within its region. A total of 3 sports betting bills have been submitted to Iowan authorities which concern different stakeholders (casinos, professional sports leagues, online fantasy sports and the lotter...
Gambling02 Feb, 2019 ‘Matka King’ Pappu Savla exiled from Mumbai
The Mumbai Police has gone hard on illegal gambling operations within the city in recent times. Just a couple of months ago, the city’s police went on a spree by raiding seven lottery parlours which were operating illegally. The raid amounted to the confiscation of several computers, ha...
Gambling31 Jan, 2019 Tourism Minister says no new casinos in Goa
This month, the Goan authorities had issued a draft tourism policy in an effort to completely revamp their present tourism sector. The policy was drafted by Goa Tourism Development Corporation (GTDC). The policy includes a slew of measures to boost the leisure and entertainment industry...
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