Gambling coming to all of India soon, predicts billionaire investor

Gambling and casinos will soon be legal all across India. This is the prediction of Rakesh Jhunjhunwala, a stock market investor and billionaire who owns a piece of Casino Royale Goa. It could be difficult goal, given the country’s current view on all forms of gambling.

Jhunjhunwala spoke during the TiECON Summit in Mumbai this past Wednesday when he made his prediction. He expects to see a time come when all states in India follow Goa’s lead and legalize casinos and different forms of gambling.

He also asserted that he sees a bright future for the India economy in generally, as well as for the Bharatiya Janata Party. He expects the party, which is led by Prime Minister Narendra Modi, to win the Lok Sabha elections scheduled for later this year.

The entrepreneur and businessman has spent the past 10 years supporting the gambling industry. He, along with his wife, have a considerable investment in Delta Corp. Lit, the only listed gaming company out of India. The couple owns approximately 7.3% of the company and both also sit on its board of directors.