i agree with you . but frankly speaking these terms like Gross gaming revenue (GGR ) etc are too complex term for me . and dont understand too well
but one thing i am sure about this that Govt is also one of biggest partner in any buisness in india . if it feels that they are loosing tax revenue to other countries like macau or nepal , definately they will reverse or modify there decision .
i have seen this in buisness of ciggrette when they felt that organised market is loosing market share to unorganised market they stopped increasing tax
same is import duty on Gold , when they became aware that high import duty leading to smuggling they reduced import duty
my point here is that major money is made in extreme passimisim and when there is no way out and when everyone start calling buisness as its end .
just see what people are taking about PVR just few months back that it will be doomed due to OTT , if anyone made investment there could have easily made around 30 percent from there .
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