Online Casino Transfer: News - Twenty 20 Tournament Approaches

05/16/2010		Online Casino Style: News Twenty 20 Tournament Approaches
Home History Games News Dictionary		In India, the popularity of the game of cricket is in fierce competition with the law this month, as online gambling – as well as all other forms of betting – are prohibited throughout the nation. It seems to be putting little damper on the swell surrounding the Indian Premier League’s Twenty 20 Tournament, however, merely redirecting much of the betting to offshore online casino sites, thereby minimizing the probability of persecution of citizens in their home country. According to a piece by the Economic Times out of London, the phenomenon has been identified for a closer inspection by a number of groups, many of them which are profiting from the Tournament’s success by providing the banned gambling products. Major online casino competitors such as Paddy Power and William Hill are among those banking on the flurry, both of which have confirmed that they have accepted bets from ISP addresses originating from India. One estimation provided by a representative of William Hill put the possible profits as high as £4 million for the current Indian Premier League series alone. One of the reasons for the boom in revenue is that fact that the game of cricket is more closely tied to an online gambling demographic; the people that are interested in cricket and want to place bets are not the same crowds that utilize the corner betting shops. Instead, they turn to the internet. The lines, unlike in other parts of the world, are at least relatively clear in regards to the Indian prohibition. Though India doesn’t allow gambling for their constituents, so long as the sites are registered and licensed in the UK (or offshore), the blame can’t fall on them for usage. “If Indian citizens are breaking some local law while in India, it does not impact bookmakers in UK functioning under British law. Major bookmakers always follow the rules, even for outside jurisdictions,” one internet gambling consultant told the reporter.

05/16/2010

Online Casino Style: News
Twenty 20 Tournament Approaches

In India, the popularity of the game of cricket is in fierce competition with the law this month, as online gambling – as well as all other forms of betting – are prohibited throughout the nation. It seems to be putting little damper on the swell surrounding the Indian Premier League’s Twenty 20 Tournament, however, merely redirecting much of the betting to offshore online casino sites, thereby minimizing the probability of persecution of citizens in their home country.

According to a piece by the Economic Times out of London, the phenomenon has been identified for a closer inspection by a number of groups, many of them which are profiting from the Tournament’s success by providing the banned gambling products. Major online casino competitors such as Paddy Power and William Hill are among those banking on the flurry, both of which have confirmed that they have accepted bets from ISP addresses originating from India.

One estimation provided by a representative of William Hill put the possible profits as high as £4 million for the current Indian Premier League series alone. One of the reasons for the boom in revenue is that fact that the game of cricket is more closely tied to an online gambling demographic; the people that are interested in cricket and want to place bets are not the same crowds that utilize the corner betting shops. Instead, they turn to the internet.

The lines, unlike in other parts of the world, are at least relatively clear in regards to the Indian prohibition. Though India doesn’t allow gambling for their constituents, so long as the sites are registered and licensed in the UK (or offshore), the blame can’t fall on them for usage. “If Indian citizens are breaking some local law while in India, it does not impact bookmakers in UK functioning under British law. Major bookmakers always follow the rules, even for outside jurisdictions,” one internet gambling consultant told the reporter.