Tag: casino india
Legal or not, gambling is big business in India
July 2, 2013
From IOL Like many visitors to the Casino Royale Goa on a rainy Saturday night on India’s western coast, Salim Budhwani said that he did not gamble but also had no objection to the betting at the busy tables downstairs. Despite socially conservative India’s ambivalence about gambling, consultancy firm KPMG estimated that $60 billion (R601.2bn) was wagered in the country in 2010. Much of the gambling is illegal, but attitudes are slowly changing as more Asian countries embrace gaming as a revenue generator and tourist draw. Legal gambling in the increasingly wealthy country of 1.2 billion is limited to state…