{"id":777009833,"date":"2023-10-03T07:52:52","date_gmt":"2023-10-03T10:52:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009833"},"modified":"2023-10-03T09:22:32","modified_gmt":"2023-10-03T12:22:32","slug":"super-group-withdraws-from-india-due-to-online-gambling-tax","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/super-group-withdraws-from-india-due-to-online-gambling-tax","title":{"rendered":"Super Group withdraws from India due to online gambling tax"},"content":{"rendered":"\n
The operator of Betway says the 28 per cent GST levy means the Indian market is no longer commercially viable.<\/p>\n\n\n\n\n\n\n\n
India.- Super Group<\/strong>, the operator behind Betway, has decided to withdraw from the Indian market <\/strong>due to the\u00a028 per cent GST levy<\/a> on online gaming, casinos and horse racing announced in July. CEO Neal Menashe<\/strong> said the new rule had made the Indian market commercially unviable for the company, prompting an immediate cessation of all services. <\/p>\n\n\n\n Under the revised taxation framework, the 28 per cent tax is applied to the full face value of bets rather than GGR. For online gambling, the tax applies to the complete value of all bets placed with operators. In the case of land-based casinos, the tax is imposed on the face value of chips purchased at each venue, while in horse racing, it applies to the total value of bets placed with bookmakers and totalisators.<\/p>\n\n\n\n