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7 Feb 2019

Rakesh Jhunjhunwala: casinos will be legalised in all states

Rakesh Jhunjhunwala

Ace stock market investor Rakesh Jhunjhunwala has predicted that gamblišŸ„€ng and casinos will soon be legalised in almost all states in the countšŸ°ry.

Speaking at the TiECONź¦ Summit in Mumbai yesterday, likšŸŒe Goa.

The equity investor also noted that he is very optimistic about the groš“ƒ²wth prospects of the Indian economy and that the Bharatiya Janata Party (BJP) under the leadership of Narendra Modi will win the šŸŽ€Lok Sabha elections that are scheduled to be held later this year.

Jhunjhunwala has been extremely bullish on the gaming and gambling sector for the last decade. Since 2010, the big bull, along with his wife Rekha Jhunjhunwala, has substantial investment in Delta Corp Ltd. Indiaā€™s only listed gaming company hź¦†aving interests in the casino, online gaming and hospitality space. He, along with his wife, currently holds around 7.38% stake in the company and is also on the board of directors of the company.

In 2017, JhunjhunwalšŸ¦¹a also invested Rs. 180 crores in casual gaming company Nazara Technologies, stating that he felt there was great growth potential in the company. Besides operating various social and casual games, Nazaź¦‘ra has invested in real money gaming companies in India and Africa.

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