October 31, 2009

Online gambling firms now targeting India

After exploring in United States followed by European markets now its time for online gambling to flourish in India. Online gambling firms such as Bwin, Betfair, Ladbrokes and Williamhill are now entering Indian jurisdiction in order to take advantage of massive Indian population of 1.2 billion and improve their market share.

The above online gambling firms are looking forward to obtain licenses which will be provided by the state of Sikkim, where the gambling is legalized followed by the state of Goa, where maximum people play casino’s offline.

The only question remains is that whether online gambling will flourish in India, where online spending is very poor and internet broadband connections are few but no doubt growing rapidly. Being an Indian citizen I doubt Indian market potentiality where people hardly use credit cards online to make e payments due to lack of security and other online threats.

Online poker is a game which is accepted as a culture in United States and UK being the hub of online gambling but what about India. People hardly know what is poker and forget about playing it for real money that too online. 

So, I request all online gambling firms to think twice while entering Indian market.  emoticon

 

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