International Casino Review: On paper, India appears to have a large potential market, but widespread casino gambling has not yet taken root outside Goa and Sikkim – why? Ranjana Adhikari: In Goa and Sikkim, the industry is mostly orientated towards tourism, and one of the main attractions aside from the beach is the casinos, which originally, for Goa, came from the Portuguese influence Online Casino Industry in India. The impact of online casinos in India is quite massive for one simple reason. Live casinos are illegal in the majority of the country, which means players have to In 2019, the Indian gaming industry stood valued at 62 Billion Indian Rupees and the number is expected to nearly quadruple within the next decade. Among the various iGaming activities, online... Back then, the legal casino industry in India was still finding its way around, but casinos were proving to be a huge hit with Indians. Rakesh Jhunjhunwala. Rakesh Kumar Radheyshyam Jhunjhunwala, aged 58, is an Indian billionaire investor and trader. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine India, for example, is known for having harsh restrictions in place when it comes to real money gambling, meaning casino enthusiasts can’t always access the platforms and games they want. However, with the use of technology, India has the potential to become a global powerhouse for the casino industry. Casino Industry in India Compared to the Rest of the World. Gambling is becoming one of the fastest growing industries on the planet. It seems that every year more countries are climbing on board in legalizing the activity. This has resulted either out of a desire to curb illegal activity or to provide additional sources of revenue for the government. In some instances, it is a mixture of both This is where the online casino industry in India picked the pulse and became popular among Indians. Top Reasons Behind Impressive Growth of Online Casino Industries in India 1. India is seen as one of the fastest growing markets for the online casino industry in 2020, and operators are scrambling to make their content accessible to people in the nation. The rise has been thanks to the greater availability of smartphones and more widespread internet connection to the 1.3 billion people who live here. From taboo to mainstream recognition, the Indian online gaming industry is growing at an exponential rate year upon year, and is expected to be worth $1.1 billion by 2021, according to Google-KMPG The casino industry is expanding exponentially in the Indian market, with firms doing everything possible to lure Indian customers in investing funds. With an increase in technological expertise, improved lifestyle, and money income, casinos will show growth in heaps and bounds in the coming decade in India. A better legal status and widescale acceptability by authorities can strengthen the hold of the industry in the country resulting in extra taxes for the government. So, if you are
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