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…

From iGaming Business The European Gaming and Betting Association (EGBA) has hit out at the “sluggish” process of allocating licences for sports betting operators in Germany and called for tougher regulatory controls to be introduced to ensure the terms of the Interstate Treaty of Gambling are enforced. The latest version of the treaty, designed to allow private providers to accept sports wagers as part of a partial liberalisation of the German gambling industry, came into force on July 1, 2012 after the government came under pressure from the European Court of Justice to alter its approach. Under the terms of…

From Poker News MGM Resorts International has proposed a $350 million project to build a 20,000-seat stadium between New York-New York and Monte Carlo. MGM has partnered with Los Angeles AEG to build the sports and entertainment venue. Populous, an architectural firm that specializes in the design of sports facilities and convention center, won the bid for designing the proposed arena. Its resume includes designing the Marlins Park baseball stadium in Miami, the 2014 Winter Olympic Stadium in Sochi, Russia; the 2014 Asian Games Stadium in Incheon, Korea; and Amway Center in Orlando, Florida. The site is 12 acres and…

New Jersey officials cannot put a stop to sports wagers, but they hope to “shine a light” on it by asking a court to legalize sports betting at casinos and racetracks, a lawyer said in a high-stakes hearing Wednesday before a federal appeals court. Gov. Chris Christie wants to tap into the multi-billion dollar sports betting industry but must first get around a 1992 federal law that limits sports betting to Nevada and three other states. The U.S. Justice Department, the NCAA and the four major pro sports leagues oppose the move. And a federal judge this year sided with…

From Washington Post Cricket is a religion for many Indians. But, of late, this religion has been somewhat soiled by allegations of players working with illegal bookmakers to fix not only the outcome of the matches but also specific bowling and batting action in the game. Now, some Indians are saying that, as a solution, they want the practice of sports betting to be legalized. A survey conducted among 200 businesses by the Federation of Indian Chambers of Commerce and Industry reported that 74 percent of respondents voted that “legalizing sports betting will help curb match fixing problem.” Indian law…

New Jersey is set to begin the next phase of their long legal case aimed at bringing sports betting to the boardwalk of Atlantic City. The judicial panel which will hear oral arguments on June 26 has been announced. SBR expands on the legal hurdles NJ must overcome in today’s iGaming News video show. Judges Julio Fuentes of New Jersey and D. Michael Fisher and Thomas Vanaskie of Pennsylvania comprise the judicial panel. Circuit Judges listed for the week are Fuentes, Fisher, and Michael Chagares of New Jersey per John Brennan of NorthJersey.com, who SBR interviewed in October of last…