Goa's Gambling Fortune on Floating Casinos

By siliconindia   |   Tuesday, 27 September 2011, 23:47 IST
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Bangalore: With the World Gaming Festival in full swing at Goa's biggest gambling vessel Casino Royal, the stakes are also on revenue generation. Goa's highly publicized gambling festival is supposed to be a game-changer to its gambling industry. A gambling industry! Yes! Gambling is legal in the state of Goa. The state may have banned live gambling on land, but it allows fortune seeking in its varied casino vessels floating along the water channels in Panjim. Gambling industry's revenue bounty adds around $40 million (2 billion rupees) to the state's annual generation. How much of this is going to be from the current gambling carnival this year? Will the World Game Festival boost Goa's revenues?

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