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Gambling In India
Gambling in India varies by state; states are entitled to formulate their own laws regarding gambling activities. Some states, like Goa, have legalized casinos. Common gambling activities like organized betting are restricted except for selective categories, including lottery and horse racing. In the 21st century, more people have betting and gambling activities in India. Critics of gambling claim that it leads to crime, corruption, and money laundering. However, proponents of regulated gambling argue that it can be a huge source of revenue for the state. Casinos in Goa contributed ₹135 crores to the state revenue in 2013. Recently published research revealed that Maharashtra state supplies the most online casino players in the country. Casinos now operate in Goa, Daman, and Sikkim. Legality Gambling falls under the jurisdiction of individual states, with only Indian states empowered to legislate on gambling within their boundaries. The Public Gambling Act of 1867, a central ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Racing
Horse racing is an equestrian performance activity, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deccan Chronicle
''Deccan Chronicle'' is an English-language daily newspaper based in Hyderabad, India. Founded in 1938, it was initially launched as a Weekly newspaper, weekly and later converted into a daily. The newspaper's name reflects its origins in the Deccan Plateau, Deccan region of India. ''Deccan Chronicle'' is owned by Samagrah Commercial Pvt Limited and published by Deccan Chronicle Holdings Limited (DCHL). ''Deccan Chronicle'' has historically been one of the largest and most influential English dailies in the region, with editions in Andhra Pradesh, Telangana, Chennai, and Bangalore, Bengaluru. The newspaper's circulation peaked in the mid-2000s, making it one of India's top English newspapers. Despite facing financial challenges, including significant debt and the impact of digital media, ''Deccan Chronicle'' remains an important publication, primarily serving readers in the southern states of India. In addition to ''Deccan Chronicle'', DCHL also publishes ''Financial Chronicle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matka Gambling
''Matka'' gambling or ''satta'' is a form of betting and lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange. It originates from before the Partition of India when it was known as ''Ankada Jugar'' ("figures gambling"). In the 1960s, the system was replaced with other ways of generating random numbers, including pulling slips from a large earthenware pot known as a '' matka'', or dealing with playing cards. Matka gambling is illegal in India. History In the original form of the game, betting would take place on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange from the New York Cotton Exchange, via teleprinters. In 1961, the New York Cotton Exchange stopped the practice, which caused the punters to look for alternative ways to keep the matka business alive. A Sindhi migrant from Karachi, Pakistan, Ratan Khatri introduced the idea of de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visa Inc
Visa Inc. () is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa does not issue cards, extend credit, or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through SpringerLink. In response to competitor Master Charge (now Mastercard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neteller
Neteller is a global payments platform and digital wallet used to transfer money to and from merchants, such as forex trading brokers, social networks, and gambling websites. Users in the European Economic Area (EEA) and the United Kingdom can add a Net+ Mastercard to their account to pay with their balance in stores or withdraw it as cash from ATMs. Regardless of their location, users can transfer their balance to their own bank accounts or cards if they need to withdraw the funds from their account. Neteller is owned and operated by the international payments company, Paysafe, alongside former competitor Skrill and the prepaid payment method paysafecard. History Neteller was launched in 1999 in Canada and moved to the Isle of Man in 2004. Paysafe Group was listed as an "Authorised Electronic Money Institution". In 2015, Optimal Payments Plc (now Paysafe) finalized a transformational transaction for the global payments industry – the acquisition of Skrill Group, one o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moneybookers
Skrill is part of Paysafe Limited, a global payments platform. It is one of Paysafe's digital wallet brands and was established in 2001 to offer multiple online payment and money transfer services. Skrill operates in more than 100 countries with the digital wallet offered in more than 40 currencies. The company facilitates multiple payment options including card payments, bank transfers and local payment methods. The funds in a Skrill account can then be used to pay merchants and other Skrill users or converted into cryptocurrency. Skrill also has cross-border payments accessible to users via its remittance service. The service enables users to send money to a bank account overseas using their bank card. In 2015, Skrill was acquired by Paysafe along with former competitor NETELLER and prepaid payment provider paysafecard. Skrill is operated by Paysafe Payment Solutions Limited, a company incorporated in Ireland and regulated by the Central Bank of Ireland, for its European ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paytm
Paytm (an acronym for "Pay Through Mobile") is an Indian Multinational corporation, multinational Fintech, financial technology company, that specializes in digital wallet, digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Soundbox, Android-based-payment terminal, and online payment gateway. In partnership with financial institutions, PayTM also offers financial services such as microcredit and buy now, pay later to its consumers and merchants. Apart from E-commerce payment system, bill payments and Instant payment, money transfer, the company also provides Electronic ticket, ticketing services, Broker, retail brokerage products and online games. PayTM's parent company One97 Communications was listed on the Indian stock exchanges on 18-November-2021 after an initial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unified Payments Interface
Unified Payments Interface, commonly known as UPI is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts using only a unique UPI ID. It runs as an open source application programming interface (API) on top of the Immediate Payment Service (IMPS), and is regulated by the Reserve Bank of India (RBI). Major Indian banks started making their UPI-enabled apps available to customers in August 2016 and the system is today supported by almost all Indian banks. As of 2025, the platform had over 500 million active users in India. In May 2025, 18.67 billion UPI transactions worth ₹ 25.14 trillion (approx. 293 billion USD) were processed by the UPI system, equivalent to almost 7,000 transactions on average every second. The widespre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta Corp
Delta Corp Limited, formerly Arrow Webtex Limited, is an Indian Public company specializing in gaming and hospitality. The firm's primary assets encompass offshore Casino and hospitality services, operating under the Deltin Casinos & Hotels brand. The company engages in various forms of casino gaming, including live, electronic, and online platforms, with a significant focus on operations in Goa. History Delta Corp Limited was initially established on 5 November 1985, as a privately held company known as Creole Holdings Company Private Limited. Following the acquisition of shares by the Finolex Group, the company underwent a transition into a deemed public limited company and changed its name to Creole Holdings Company Ltd on 2 June 1992. During the period of 2003–04, Finolex Cables Limited divested its shareholdings, leading to the company no longer being a subsidiary. On 25 September 2003, the company was transformed into a private limited company. In 2007, it was rebrand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matka Gambling
''Matka'' gambling or ''satta'' is a form of betting and lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange. It originates from before the Partition of India when it was known as ''Ankada Jugar'' ("figures gambling"). In the 1960s, the system was replaced with other ways of generating random numbers, including pulling slips from a large earthenware pot known as a '' matka'', or dealing with playing cards. Matka gambling is illegal in India. History In the original form of the game, betting would take place on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange from the New York Cotton Exchange, via teleprinters. In 1961, the New York Cotton Exchange stopped the practice, which caused the punters to look for alternative ways to keep the matka business alive. A Sindhi migrant from Karachi, Pakistan, Ratan Khatri introduced the idea of de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandovi River
The Mandovi (International Phonetic Alphabet, IPA: ) or Mahadayi (International Phonetic Alphabet, IPA: ), formerly known as the Rio de Goa, is a river described as the lifeline of the Indian state of Goa. The Mandovi and the Zuari River, Zuari are the two principal rivers in the state of Goa. The Mandovi joins the Zuari at a common Creek (tidal), creek at Cabo Aguada, forming the Mormugao harbour. Panaji, the state capital and Old Goa, the former Capital city, capital of Goa, are both situated on the left bank of the Mandovi. River course The river has a total length of — in Maharashtra, in Karnataka, and in Goa. It originates from a cluster of 30 springs at Bhimgad Wildlife Sanctuary, Bhimgad in the Western Ghats of Belagavi district, Belgavi district in Karnataka state. The river has total 2,032 km2 catchment area of which 1,580 km2, 375 km2 and 77 km2 catchment area are in Goa, Karnataka and Maharashtra respectively. With its cerulean waters, Dudh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
