TG Lab, a prominent software development studio, has partnered up with the iconic Casino du Liban, the landmark casino of Lebanon and the Middle East, Newswire reports.
The B2B deal will enable the developer to officially launch its state-of-the-art online casino, sports book and other solutions together with the top-tier land-based casino operator which will use the deal to operate the first official online gaming site in Lebanon.
Scope of Supply:
Under the terms and conditions of the agreement, TG Lab will supply sportsbook and casino technology, as well as its advanced software and the associated developments. The partnership will simultaneously facilitate the legendary Casino du Liban to launch a wide array of online sports wagering and casino facilities. The land-based operator will reportedly avail of the partnership to launch an official gaming site and ensure a comprehensive player experience.
Market Potential:
The customer base for the exclusive land-based gaming operator currently refers to the market of around 6 million people who will now have the opportunity to access the operator’s online arm for an outstanding experience. At the same time, the legal gaming market in Lebanon has a reported potential of UD$500m to $1bn within a few forthcoming years which would generate considerable tax revenues for the government as the gaming tax currently amounts to 50% for operators, according to the source.
Leading Technology:
Roland Khoury, Chairman and General Manager of Casino du Liban, reportedly said: “As the exclusive casino in the country it is our responsibility to ensure that players have the best possible experience at our land-based venue and now online. With TG Lab as our platform partner, we can do just that. This news will also hopefully eliminate the illegal online market in Lebanon, with players now having access to a place where they can play online safely and securely.”
Khoury added: “We undertook a very competitive RFP process and TG Lab emerged as the leader to provide the platform and technology for our online sportsbook and casino.”
Unlocking Huge Gaming Potential:
As indicated above, TG Lab will provide software and developments such as retailers that will bring benefits to Lebanese businesses and other participants in the supply chain.
Commenting on the partnership, Ugnius Simelionis, CEO of TG Lab, reportedly said: “We are truly honoured to have been chosen by Casino du Liban to power its online sportsbook and casino.It really is an iconic brand, and we look forward to helping the operator unlock the huge potential of legal online gaming in Lebanon through the combination of its prestigious name and our cutting-edge technology.”
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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