Yesterday, July 2nd, it was revealed that OlyBet Group, a famous brand of Olympic Entertainment Group AS (OEG), has signed a beneficial agreement with the World Series of Poker to bring the ultimate poker experience to Northern European poker fans, meaning it will host the WSOP Circuit Tournament in September in the Olympic Park Casino and the Hilton Hotel.
WSOP tournament to be held in Northern Europe for the first time:
For the first time ever, the widely-known WSOP Circuit Tournament will be organized in Northern Europe. Together with its partners WSOP and GG Poker, OlyBet will organize the WSOP Circuit Tournament in Tallinn, which will run from September 14th to 24th and will include 12 WSOP “ring events” and a 1 million euros guaranteed prize pool for the Main Event.
Commenting on the upcoming tournament, Gregory Chochon, Vice President of the World Series of Poker, said: “We are delighted to partner with OlyBet to bring the excitement and passion of the WSOP Circuit Series to Estonia for the first time in circuit history. The WSOP legacy is full of exciting and historic moments and we are happy to bring this iconic poker festival to Estonia.”
Corey Plummer, Chairman and CEO of Olympic Entertainment Group and OlyBet Group, added: “I am thrilled to bring WSOP action to Northern Europe. Passion for live events is part of the culture and strategy at Olympic Entertainment Group and OlyBet. We are already hosting the largest poker festival in Northern Europe with the KingsofTallinn and we expect to go further with the excitement and thrills of having this WSOP Circuit events.”
About:
Headquartered in Tallinn, Olympic Entertainment Group AS (OEG) is a flagship entertainment provider in 6 Eurozone markets, involving Estonia, Latvia, Lithuania, Croatia, Slovakia and Malta. It has over 150 casinos and hotels and over 80 sports bars, involving the Hilton Tallinn Park, Voodoo Grill Restaurant, and the OlyBet sports wagering and online brand. Its goal is to provide the best gaming entertainment experience possible via first-class customer service and market-leading innovation and design.
The company’s famous OlyBet and Olympic brands are market leaders with top product offerings, exclusive content, outstanding customer service and live entertainment united with renowned global hotel brands such as Hilton, Grand Hotel Kempinski, Radisson Blu, and Intercontinental.
As for OlyBet, it is the official sports wagering partner of the NBA and NHL leagues and a European partner with ACF Fiorentina and Real Betis. Additionally, OlyBet’s Brand Ambassador in the Balkan region is Luka Modrić.
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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