GOA WITHOUT CASINOS
Diu eyes a new identity: Goa minus casinos, nightlife
Diu, a tranquil island off southwestern Gujarat, is set to transform into a family-friendly retreat reminiscent of Goa, minus casinos and nightlife. The administration plans to lease the Diu Fort for weddings, enhance infrastructure, and attract quality tourists, moving away from its weekend getaway reputation.
Make our beaches as out of reach as possible, away from horrible hordes of beach bums
Please, please don’t popularise our pristine beaches – keep them far from the madding crowds who are only too happy to be loud, litter, and lech and run amok. Let these beautiful destinations be exclusive.
Bombay HC says no final orders without permission on Delta Corp's Rs 16,195 cr GST demand notices
The Bombay High Court has instructed the Goods and Services Tax (GST) authorities not to make any final decisions on the GST demand notices issued to Delta Corp without prior permission from the court. Delta Corp and its subsidiaries have been notified of an alleged tax shortfall of INR 16,195 crore by the Directorate General of GST Intelligence.
Fully compliant with new tariffs applied by govt: Anil Malani, Delta Corp
Several representations were made at various forums through the last three years wherein we demonstrated that such a situation does not exist. Globally, what is the method of calculation for casinos is the gross gaming revenue.
Goa: IPS officer facing molestation allegation relieved of charge as DIG
An IPS officer has been suspended from his role after allegations of molestation. Deputy Inspector General A Koan, posted in Goa, was reportedly accused of molesting a woman at a nightclub, which he denies. The state's chief minister, Pramod Sawant, has promised "strict action" and a report has been submitted to the government. In response to the allegations, the officer has been ordered to report to the state director general of police.
28% GST stays on online gaming, casinos; Council to review taxation in six months from implementation
The Goods and Services Tax (GST) Council has decided to retain a 28% tax on online gaming, casinos, and horse racing. The tax is likely to come into effect on October 1, 2023, and will be reviewed after six months from its implementation. The tax will be imposed on entry level and not on winnings. The Law Committee has advised inserting a new rule under which the total amount deposited with online gaming platforms will be considered for computing the tax value.
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Delta shares crash 28% as government imposes 28% GST on casinos
In a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monies paid by users. Moreover, GST on online gaming will be imposed without any differentiation of whether it's based on skill or chance.
CCI sided with Amazon in verdict, alleges Google; GoM, states divided over GST on online gaming
Tech giant Google has alleged that the Competition Commission of India sided with rival Amazon after the latter said Google's restrictions were a cause of the failure of its modified Android System FireOS. Google, however, said FireOS foundered due to poor user experience. This and more in today’s ETtech Top 5.
GoM on GST levy on casinos, online gaming to submit report next week
The GoM in its earlier report submitted to the council in June had suggested a 28 per cent GST on the full value of the consideration, including the contest entry fee, paid by the player without making a distinction such as games of skill or chance. However, the council had asked the GoM to reconsider its report.
GoM still divided on 28% e-gaming GST, GGR levy
UP and WB favoured a differential treatment between games of ‘skill’ and ‘chance’, say sources.
Rakesh Jhunjhunwala’s gamble on this stock is proving to be a bust after it slips 20% in a month
Rakesh Jhunjhunwala used to own over 10% of Delta Corporation a few years ago. Since then, however, he has consistently reduced his stake in the company. Delta Corp is a Mumbai-based casino and recreation company, operating three offshore casinos in Goa. It is the only listed company in the casino gaming industry in India. Some of the Big Bull Rakesh Jhunjhunwala-owned stocks have seen a major correction over the past few months.
Delta Corp: Is the scarcity premium justified for India's only listed casino stock?
To get clarity on if investing in this company is a good bet or a shot in the dark, let's look at various parameters in detail.
Indian partying hotspot Goa counts losses, braces for pandemic-fuelled change
A Portuguese colony until 1961, this western Indian state usually comes alive in December and January, its tourism-led economy booming with foreign travelers and chartered flights bringing in hordes of vacationers.
Government can’t slap GST on license fee: Companies drag taxman to court
Companies have filed a writ petition in the Goa bench of the Mumbai HC and are challenging that the government can't charge indirect tax for doing its duty. The writ petition challenges license fees charged to telecom, mining cos and casinos. Cos are challenging a circular issued under GST framework that provides for levying GST on license fees received by the government.
Goa CM Manohar Parrikar, the man who won many battles, succumbs to illness
The 63-year-old widower, also former defence minister of India, is survived by two sons and a grandchild.
10 career lessons from the game of poker
Whatever the situation or the lay of cards, there is always a good move to be played by you. Here are some good moves for your career.
Casino policy will be passed in monsoon session: Manohar Parrikar
Parrikar said the company stated before the HC that it would be able to take the ship into the river despite the adverse weather, so the government allowed it to move.
Allow FDI, legalise betting, gambling: Gaming federation to government
AIGF urges the central and state govts to relax rules and allow FDI in the sector.
Congress to go alone in Goa Assembly polls: Digvijay Singh
Singh, however, said that even if the party thinks of aligning with anyone in near future, it will take all the district and block workers into confidence.
Why Goa is perfect for old school male bonding?
Not everything is enjoyable about a stag trip with untamed alpha males. You can do without the wet bathroom floor and the narrow worldviews.
Goa government extends deadline for off shore casinos to relocate
In a major relief to the off-shore casino industry, the Goa government today extended the deadline for casino operators to relocate from river Mandovi, till March 31, 2016.
Raking Bad
Meditations on the complex game of poker, by a novelist and poker pro
Goa tourism: Drug trade & infrastructure woes ail the sector; in dire need of a boost
Goa has been labelled a racist state in the international media. Incidents also shed a light on the unfettered growth of the drug mafia in the state.
Black money risks remain at casinos; post offices safe: FATF
After deficiencies were pointed out by FATF in 2010, the Indian authorities set up a Casino Sector Assessment Committee to look into the issue.
Goa govt rejects permit for starting casino on Delta Corp ship
Goa government has rejected the licence for an offshore casino run by Delta Corp, which had applied for permit to replace its ship with a new one.
Diwali and teen patti? Wealthy Indians' big bets & big thrills
ET on Sunday visits casinos, homes and clubs to collate the story of big bets, big thrills and big change in India's gambling culture.
'Off-shore casinos sans trade licences will have to be shut'
Goa government has said that they will ask the off-shore casinos vessels operating without trade licences to shut shop immediately.
Goa to shut offshore casinos
Five of the six offshore casinos in Goa, that are operating “without proper permits” will soon find their vessels sealed by the state.
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