Casino industry lauds Parrikar

PTI, PANAJI | 17 May 2012 13:45 IST

The off shore casino industry has welcomed Goa government's decision to not allow any more casino mounted vessels in the state waters.

The industry has said that they require gestation period of at least 10 years to stabilise and grow in the business, without any hindrance.

Chief Minister Manohar Parrikar's move has been perceived as an opportunity for the industry to grow without facing competition within.

"The decision is welcomed by the industry. We required gestation period of 10 years," said Shrinivas Nayak, representative of Casino Pride.

He said that the move will help existing off shore casinos to stabilise in their business.

The industry, which set its foot in the state's waters since 1999, has been facing competition from destinations like Macau, Singapore and Malaysia, where flight rates are cheaper.

"People from India go to these destinations as flying there is cheaper than coming to Goa," Nayak said adding that Sri Lanka is also emerging as a destination for off shore casinos, which can eat into Goa's business.

"Nepal is also coming back in market," he pointed out.

However, Parrikar, who was perceived as an opponent for off shore casino industry, has taxed the industry in the recent budget.

The licence fee for off shore casino has been increased from Rs 5 crore annually to Rs 6.5 crore, a move which has evoked strong resentment from the industry.

Nayak said the industry has been pressing to roll back the licence fees but the government seems to be continuing with its stand. is now on Telegram & also Youtube. Kindly subscribe for free & remain updated.

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when in opposition bjp opposed gambling as against indian culture. What kind of ideology is this to support the same when in power. how much donation did cassinos gave to parrikar to not only support them but also to reduce enterenc fee. Shame

- goans against gambling, goa | 26 th May 2012 12:54


Mandovi river is never a suitable place for any Casinos...It is narrow river with lot of traffic...Offshore means away from shore and it is good for the casinos as also for the visitors if they are moved out of the river at the earliest...And best would be for them to volunteer for this....

- vishwas prabhudesai, loliem | 17 th May 2012 16:07


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