Within three years

India offshore casinos to shift to land-based operations

Goa's chief minister, Manohar Parrikar.

India 
| 09/08/2017

The decision was announced by Goa chief minister, Manohar Parrikar, last week after a lengthy discussion.

There are currently six offshore and ten land-based casinos in play here, but live gaming (with dealers opposed to slot machines), where the stakes can go really high, is permitted only on the floating casinos, which makes the transfer and renewal of their licences such a lucrative business.

More recently, Parrikar has argued that casinos have brought jobs, revenue and also enhanced the state's tourism industry. Doing away with them would hurt investor sentiment.

Though he was “serious” in his “opposition to casinos”, it was the government’s duty “to ensure there is continuity in policies,” he told the Goa House.

Parrikar bolstered his arguments with figures of revenue earned from casinos: a total of Rs 743 crore was collected over the last three years from commercial taxes and license fees paid to the home department.

Yogonet.com/thewire.in

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