In 2001, Indian government gave the green light to Caravel casino-ship project in Goa, the only one state empowered to accommodate gambling houses. 13 years passed and today India is the 9th largest state in the world in terms of revenue from the gaming industry.
Although lottery and horse racing are the only gambling forms officially allowed here (virtual gambling is prohibited in the country), in reality bookmakers and online casinos have virtually no restrictions. The attempts to modernise gambling legislation stumbled upon the resistance of the ruling parties of India. Meanwhile, local fans of online roulette, blackjack and slot machines are playing for real in offshore websites. Analysts believe that if India doesn’t take steps to regulate the industry, the situation with virtual gambling in the country will remain unchanged. (more…)