India Online Gaming Company To Launch Luxury Gambling Vessel
Part of Subhash Chandra's Essel Group, Sinha, said about the project, "We'll be offering 20,000 square feet of casino area that will rival the best Las Vegas has to offer."
The idea is to expand the global reach to South Africa, Europe, and Central Asia. If the endeavor is successful, it could further hurt the already pained gambling market in Vegas, done by the expansion of gambling venues in other area within the United States.
Sinha also stressed in his statements that the other area the government should grow their awareness about is the online lottery business.
The online business is being run illegally, much like the United States, which creates more financial problems for government trying to stop illegal online gambling.
"The challenge is to make the government understand the revenue potential of online lotteries and the huge revenue it is losing due to paper lotteries and illegal betting." Sinha said on that issue, adding: "If the government does not act quickly, it will promote more black money that will fund underworld activities. The government will then have to spend millions to control these activities."
Sinha brings up important points that should be taken seriously by governments around the world, even though their motives are money oriented. It makes more sense to generate revenue through legalize gambling, then to spend budget money to address all the issues that current illegal gambling is creating.