Paddy Power not in running for licence

PADDY Power is understood not to be in the running for the first online gaming licence going to tender in India, despite the Irish betting giant’s ambitious overseas expansion plans.

Two of Britain’s largest betting companies — Betfair and William Hill — are reportedly involved in the bidding process for an internet gaming licence in the Himalayan state of Sikkim; as is Austrian-based online gaming specialist Bwin. The first licence is due to be awarded in the next fortnight.

It is thought that the licences up for grabs in Sikkim — three are expected to be awarded in total — will be open to punters across India.