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Betfair online betting

The high-street bookie William Hill, along with internet players Betfair and Bwin, are bidding for the internet licence in the Himalayan state of Sikkim in early September. A decision is expected in the next two weeks. Some 13 betting companies, including local Indian no spins 5 free deposit, are battling it out for at least three licences in Sikkim.

Betfair online betting said they want their betting services live from April — in time for the football World Cup in South Africa. The betfair online betting Ladbrokes and the online specialist are also considering alle casino for a licence in Sikkim.

The licence holders will be able to promote their services in Sikkim, betfair online betting they expect to be able to take bets from all over India. While Sikkim has a population of less than , India has a rapidly growing population of 1. Furthermore, once other Indian states see the huge revenues and tax receipts flowing into Sikkim, they are likely to follow suit. Internet penetration in India remains low by Western standards, but is soaring in the more affluent states.

A William Hill betfair online betting said: William Hill is thought to have held talks with Global Torrent International, based in Sikkim. Betfair, the peer-to-peer betting exchange, is partnering with Agilisys Managed Services. Betfair, which declined to comment, and Bwin, which did not return calls, have had teams on the ground in India for some time.

A Ladbrokes spokesman said: The only legal betting activities in India are horse racing, betfair online betting at meetings, and gambling at casinos in just two states, Goa and Sikkim. Online accounts for only a fraction of the overall market. As all black market betting in India is done on credit, the current default rate — where either bookies or customers do not pay — is estimated to be about 40 per cent, which is a read more opportunity that foreign betting companies are keen to exploit.

But a degree of uncertainty remains about how the Sikkim licence will apply outside the state. As online gambling will be illegal elsewhere, it is thought that anyone placing a bet with the licensed operators in Sikkim will be breaking the law.

But it is believed that criminal liability will be with the customer and not the betfair online betting operator in Sikkim. We use cookies to enhance your visit to http://tabi-review.biz/best-casino-in-seattle.php site and to bring you advertisements that might interest you.

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