The gaming sector in India seems to be living an allegory of its existence. Although in 2020, it experienced rapid growth, its fate seems to be ruled by luck. By the end of 2021, there were more threats than fortunes that the industry had to face. Next, we will analyze the current situation of those in the local online casino games industry.
The year 2021 was critical for the gaming industry. Having started to enjoy the benefits of rapid growth, the states of Tamil Nadu, Andhra Pradesh and Karnataka introduced laws and regulations to end all activity involving betting and online gambling.
Despite the economic benefits of the growth of this sector, these Indian states claim that gambling harms society. However, some of the leading gaming platforms in the country, together with the main body in the sector, the All India Gaming Federation (AIGF), presented their defence, getting the Karnataka and Tamil Nadu Courts to annul the laws.
At the moment, the fight is still close in the case of Tamil Nadu since it has filed an appeal in the Supreme Court of India, in which it seeks to reaffirm its law.
The reality is that with the development of this industry, not only does an opportunity for economic growth open up for the country, but in just one year, jobs are expected for more than 40,000 people, according to AIGF statistics. Therefore, if these laws are allowed, these opportunities are put at risk.
It should be noted that betting on games such as Rummy and Poker has been allowed by the Supreme Court of the country. In fact, in the new laws, it is not entirely clear if there is a distinction between games of chance and games of skill, which require years of training. On the other hand, there is a sector of professionals dedicated to Poker and Rummy whose careers would be at risk with this ban.
The reality is that online casino gambling and betting in India are possible due to “gray” areas of how the las should be interpreted. We spoke to a Journalist from Thenewsminute.com that recently published this online casino guide listing an example of 10 casino sites that is operating legally online in the country.
However, the reason for these conflicts is that the laws have not been clear enough regarding the cyber protection of the user and his well-being.
For many years, the gaming industry in India has constantly been fighting for the fair legalization of its status. The solution to many of the problems that currently exist, such as cases of gambling addiction and scams, is because the industry itself does not have the necessary legal support to create a communication strategy that educates the population. It would also be possible to provide the tools required to ensure a safe gaming environment with clear laws.
Get The CEO Magazine to your Door Steps; Subscribe Now
