Posts Tagged ‘India online poker’

Entrepreneurs Excited about India’s Online Poker Market

Tuesday, May 22nd, 2018

india-poker-entrepreneursPoker is booming in India, and many entrepreneurs are taking advantage of the opportunity. This includes Amit Kanodia, co-founder and CEO of MadOverPoker.

Kanodia told Entrepreneur that the Indian poker market is beginning to take on many characteristics of the global game. This includes poker-dedicated media outlets, coaches, online affiliates, and backers.

“This boom has resulted in the rise of many ‘facilitator’ business models that contribute to the growth of poker industry and have created a poker ecosystem in itself,” said Kanodia.

Entrepreneurs Launching Multi-Gaming Platforms

Some entrepreneurs aren’t just offering online poker, but rather a multitude of gaming options. This includes Amin Rozani, who launched a mixture of skill-based games on Spartan Poker.

“This is where games of skill like poker come in and Indian entrepreneurs are looking to capitalize on this growing trend,” said Rozani.

“The online platform is especially useful in offering games like poker, rummy, fantasy sports and more because of the sheer convenience of game play.”

Rozani added that the convenience of Spartan Poker and other online poker platforms offer an attractive way to enjoy these games.

The focus is on giving players the most convenient and user friendly experience possible,” he explained.

“The goal of the entrepreneur is to popularize the sport of poker, provide means for players to improve their knowledge and skills along with the best possible online platforms which couple with great customer service will facilitate a satisfying gaming experience for the user.”

Expect Poker to Keep Booming in India

India still has a ways to go in terms of poker legalization. This being said, the entrepreneurs that are currently taking advantage of the limited market could seen an even bigger boom in the future.

Once internet poker is legal across the country, it’ll give businesses access to a market of 1.324 billion people.

Nagaland, India legalizes Online Poker

Wednesday, April 6th, 2016

nagaland-online-pokerWith over 1.25 billion people, India has often been looked at as an untapped goldmine for online poker operators. And we’ve moved one step closer towards tapping into this potential since the Indian state of Nagaland has passed iPoker legislation.

According to Glaws.in, a legislative assembly approved “Nagaland Prohibition of Gambling and Promotion and Regulation of Online Games of Skill Bill, 2015,” which will change the way that the state’s government views poker, rummy and fantasy sports.

Introduced in July 2015, this legislation also makes way for these games to be regulated online since they are not viewed as gambling. Nagaland’s Governor, Padmanabha Balakrishna Acharya, will soon review the bill and make his recommendations before the framework can be finalized. Once this is done, online operators will be able to start setting up operations.

It will no doubt take some time before everything falls into place. But it’s nice to see that another part of the world is not only viewing online poker as a skill game, but also something that should be legal and available. Glaws.in speculates that “the path-breaking legislation introduced by the Nagaland government can prompt other states to introduce a regulatory framework for skill games as well.”

Nagaland is just a small piece to the puzzle because this remote, mountainous state is only home to around 2.2 million people. However, if all goes well with their iPoker operation, then it could very well start a domino effect throughout India.

The sheer volume of Indians who would have access to legal online poker is exciting to think about. However, the one downside is that, according to World Bank, the average income in India is only US$1,581. This probably means that we’d be looking at a lot of micro stakes play, but it would still be nice to have this influx in the regulated iPoker population.