The Indian gambling market continues to grow, and it has received a big boost recently, with one of the biggest names in gambling joining the market. Flutter Entertainment, who operate many casinos and sportsbooks including Paddy Power and Betfair, have joined in by buying a stake in Junglee Games.
It is reported that Junglee Games is the third largest rummy operator in India, so they have gone in and taken one of the leading local operators. Although this is a company that have had plenty of success, you can expect investment from Flutter, in a bid to take even more of the market.
The deal sees Flutter now owning 50.06% of Junglee Games, with the value set at £48 million.
Big news for Indian gaming
The move that has seen Flutter invest in the Indian market could be a big one for the industry as a whole. Some of the bigger players are already involved in India, though Flutter is a new and bigger name that is now on board.
This is their first move into the market but may not be their last. Either further investment from Flutter Entertainment, or further investment from elsewhere because Flutter have joined would be significant and continue the push forward of the industry as a whole.
There is a changing landscape in Indian gambling, with many new operators getting involved to try and take their slice of the market share. This luckydice guide to gambling in India shows exactly what is on offer for those who want to sign up and play, and the list keeps on growing.
The future of the Indian gambling market
With a move as big as this one, the future of the Indian gambling market certainly looks a lot brighter. There is real growth in Indian gaming and sports betting, and that could be boosted further if Flutter Entertainment either invests heavily in Junglee Games or they bring some of their other brands to the country.
There is also the chance that other big names will be taking a look at the market, as they try to follow in the footsteps of Flutter. A look at the world news will show companies investing in many different parts, but they are often not the only ones doing that. Other companies follow suit and also invest in the same areas, because it is a time where they are predicting growth.
Over the coming months, it will be very interesting to see if any other gambling operators turn to the Indian market, either to set up their current brands in that area, or to buy a brand already performing in the area and try to push that forward.
As the market continues to move forward, this move from Flutter Entertainment to get involved could act as an accelerator for the situation, fast forwarding things because they themselves, and potentially others, are investing in the country and the gambling market that it currently has. This could be a big moment for the Indian gambling scene.
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