Archive for May, 2010

 

Gambling in India

In India, gambling is severely restricted to certain areas and about half of all gambling activities are illegal. Much of India’s legislation regarding gambling comes from the Public Gaming Act of 1867.

As a nearly 150-year-old act, the Public Gaming Act of 1867 does not specifically mention anything about internet gambling. However, online wagering and lottery is considered illegal.

Gambling websites have proven to be a lucrative business in India, with most dealing with cricket. An internet search of cricket in India will yield numerous guides on cricket betting and directories of betting portals.

Recently, a great deal of press has been devoted to claims of illegal betting during the country’s multi-billion dollar Twenty20 cricket tournament. Federal investigators revealed widespread illegal betting and match-fixing by Indian bookmakers and some leading players.

There are many people who believe that the corrupt activity displayed during the cricket tournament could be prevented if India were to ease up on gambling legislation. “It should have been legalized long ago. Banning it has created this problem,” said Barun Mitra, head of Liberty Institute, a free-market think-tank in New Delhi

Gambling appears to be both popular and socially acceptable in India. A poll conducted by the Times of India newspaper suggested that 74 percent of respondents were in favor of gambling being made “a legitimate, regulated tax-paying business.”

Goa is the only state of India that allows gambling. It permits electronic land casinos as well as live off shore ones. The government in Goa is promoting offshore casinos by granting new licenses to more companies in an attempt to generate more tourist related revenue.

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Profile casino destinations in Macau

Macau has been a gambling haven for the people of Hong Kong and Chinese. In 2007, gambling in Macau has surpassed Las Vegas as the world’s largest gambling operation.

The Casino Lisboa is one of the oldest casinos in Macau. This casino is much more attractive than it used to be and was remodeled in 2007. You will enjoy your stay here if you are a seasoned gambler.

The Wynn Macau opened and has made a big splash in 2006. It is the cream of the crop for people to enjoy a superior Las Vegas style casino with high stakes gambling tournaments.

In town, the Galaxy Rio is the biggest casino. If you are looking for a truly elegant place to gamble, you cannot beat the Galaxy Rio.

The Venetian Casino Resort opened and is the biggest game in town in 2007. The Venetian is the first of several casinos scheduled to open on the Cotai strip. This casino has one of the largest gaming halls of all the casinos in Macau and bleeds Las Vegas style.

The Sands Macau is the first Las Vegas style casino that came to Macau. The Sands is officially the biggest casino in the world. It lacks some character and feels like an airplane hangar, the only downside to this large room.

You can see there are several gambling destinations to visit while in Macau along with lots of destination to play over online casino as well. The Cotai Strip project will definitely be interesting, to keep an eye on, you can be assured that there are casinos there that will blow your mind and make your experience very enjoyable.

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A Rise in Profits and Revenues – Reports William Hill

William Hill PLC is a betting firm that is based in the UK. In the UK and Ireland, they operate over 2300 betting shops. Their first quarter earnings had risen and they are going in the right direction to get their objectives met this year, they stated on Thursday. Online operations and betting machines have boosted their revenue, so has the online sports book and casino. The operating profit prior to exceptional items had risen 3% year-on-year and there was a 1% increase in net revenue, for the first quarter that ended March 30, they stated.

With the early year performance, Chief Executive Officer, Ralph Topping was satisfied, although market conditions continue to be challenging, he believes they are on the right track to meet their objectives for the year. He also stated that they are making investments to their international online business and are watching costs. He said that the group is adding an additional 30 stores in 2010, and are looking at the market for future acquisitions.

Profit fell 13% at the retail division because of the over-the-counter win margins that were quite higher than usual. Taking betting rise 3%, the gaming machines helped the gross window.

For online operations, the group said operating profit had a rise of 51%, a 31% increase in new accounts and there was a rise of 15% for unique active players. The profit for gaming operating had a rise of 51% and the gross win margin for the Sportsbook rose from 6.6% to 8.1%. Most of the company’s revenue is from the retail stores. During this down economy, the rise in machine revenue has helped offset the decrease in the over-the-counter bets.

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