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Goa casinos are poised for substantial growth should the Indian state government permit the riverboats to come ashore as expected. little river casino muskegon Goa casinos in Panaji might soon stop sailing, but that’s a good thing in terms of gaming revenue. bovada casino code free chips 2019 (Image: Times of India)In a note issued last week by Union Gaming Securities, a Las Vegas-headquartered investment advisory firm that keeps tabs on gaming markets around the world, Union Managing Director Grant Govertsen said that should land-based operations be authorized in 2018, annual gross gaming revenues could top billion in the coming years. “We compare the Goa transition from riverboat to land-based, as like the Midwest US riverboat transition story on steroids,” Govertsen opined. 2021 foxwoods resort casino 301 “We expect resorts casino catskills reviewsGoa to quickly transition to land-based casinos. ”The billion annual forecast is a massive growth projection. river spirit casino slots

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Goa casinos currently generate about 0 million in gross gaming each year, which means Govertsen thinks the casinos are poised to see revenues surge 567 percent. Just three of India’s 36 states have legal gambling. hollywood casino grantville pennsylvania In addition to Goa, casinos operate in Daman and Sikkim. All Set to GoaThe majority of Goa casinos operate in the Mandovi River in the state capital of Panaji. chumba casino coupon Famous for its beaches, Panaji is a tourism hotspot for both India natives and foreigners. With a roaring economy, affluent North India families are once again traveling to Panaji, as are visitors from other countries. live casino website

“Goa is full,” Delta Corp Chairman Jaydev Mody, whose company owns the Deltin Casino brand, told The Times of India earlier this month. online slots real money michigan hard rock casino hotel “Generally, we are doing pretty good business. winstar world casino hotel thackerville ok ”Delta controls an estimated 70 percent of the gaming market in Goa. The company owns four Goa casinos, as well as one in Sikkim and Daman. Valley Forge Casino Number Mnsw Allowing the Goa riverboats to set up shop on land will allow patrons to come and go as they wish, as compared to fixed casino boat excursions. liberty slots 50 no deposit bonus Goa Chief Minister Manohar Parrikar said in late December that the Goa Gambling Act will soon be amended to permit land-based gaming.

“I will change the law,” Parrikar explained. Gold Spike Casino And Hotel Qjpy The chief minister is working with his cabinet to develop policies to regulate and monitor brick-and-mortar operatresorts casino catskills reviewsions. India Easing PositionsDespite Goa casinos potentially generating billion annually in the years to come, Union Gaming says that’s just a sliver of what could be should Indian states relax their historically strict anti-gambling laws. If integrated casino resorts would one day come to India, as they have in places like the Philippines, Singapore, Macau, and potentially Japan, Govertsen estimates the country could generate gross gaming revenue of up to billion each year. In the note, the analyst says there’s “pent-up demand for a high-quality gaming and entertainment experience. Online Casino Busineb Opportunities Rskx ”State officials might be smart to end gaming prohibition. table roulette casino occasion black oak casino live music

Though India is largely surrounded by the Arabian Sea and Bay of Bengal, at least one casino resort is going after India’s northeastern population by way of Nepal. More than 1,200