Bajaj Finserv, the branch of Bajaj Finance Ltd, has declared to enter a partnership with motherhood hospitals, a network of women & child hospital. The decision is taken to provide Life Care Finance (LCF) facilities to the patients of all motherhood hospitals. Through this facility, all the medical bills of patients will be converted into an interest-free EMI loan.
A total of 12 hospitals under the name, Motherhood Hospitals are located in seven different cities of India. The EMI financing facility will be provided to patients by motherhood hospitals for various health subjects. It would cover pregnancy care, fertility care, gynecology, neonatology, pediatrics, fetal medicine, cosmetology, radiology, and advanced laparoscopy surgery.
Anup Saha, President-Consumer Finance, Bajaj Finserv, said that they have entered partnerships with many clinics and hospitals in order to ensure a seamless payment option to their customers. The motive of their every partnership is to ensure hassle-free financing to its customers. Also, the interest free EMI-based payments will not become a burden on the customers.
Vijayrathna V, CEO of Motherhood Hospitals, said that it is a moment of immense pleasure for them to tie a bond with Bajaj Finserv. He said this partnership with Bajaj Finserv will benefit the customers by giving them EMI facility to access unplanned healthcare services in emergency situations. It will make it possible for every patient to afford healthcare services at ease. Patients at Motherhood hospitals will be able to utilize the Bajaj Finserv EMI option to pay for their medical bills.
Over the last few years, there is a huge surge in instant loan services in the market. Slick Cash Loan is one such name which has become popular for offering installment loans to needy people. Currently, Bajaj Finserv LifeCare Finance facility is available in more than 2700 clinics and hospitals in the country and it covers 174 treatments. With the availability of this facility for motherhood hospital patients, it will be possible for them to get instant loans in the range of Rs. 7000 to 4.5 Lakhs which could easily be paid with Bajaj Finserv EMI option facility.
New York On Track to Legalize Online Gambling
Online gambling is slowly gaining popularity in different parts of the world. More countries across the globe are opening up to online gambling.
This has led to the tremendous growth of the online gambling sector. However, in New York, things are different. Unlike other states in the US, New York has not fully made progress when it comes to online gambling.
They are still lagging behind other states, and this has limited its progress. It is no secret that there are plenty of racetracks and land-based casinos in New York. But, its elected representatives have not yet legalized online gambling, and this has New York missing out on millions of dollars online gambling can contribute in terms of revenue.
This begs the question, when did this reservation start? The reservation of New York legislatures begins way before the emergence of online gambling.
The History of Online Gambling in New York
When it comes to gambling, New York State is a pioneer but not in the most positive way. The reason why they were a forerunner in gambling is that they banned gambling constitutionally first in 1821 and set a pace for more gambling bans in the state. The other gambling bans came in 1864 and 1894.
This heralded the start of gambling prohibition, which lasted until the late 1930s. This prohibition made gambling take on a different phase and scale during the 1930s era.
One of the massive changes was the beginning of underground casinos run by the Mob or “families.” This went on for quite a while until the government finally decided to legalize horse racing.
Horse racing was the first legal form of gambling in New York. In line with other states, horse racing in New York was either in the form of polled betting systems or track bets.
Over the years, New York has allowed racing tracks to use Simulcast systems—this system shows horse races from different tracks all over the US and It also offers visitors gaming machines.
With these improvements, horse racing tracks slowly became popular entertainment venues. Over time, other gambling ventures gradually became popular.
In 1957, bingo games became legal. This was followed by the legalization of the lottery in 1996 and Charity gaming in 1970, but the breakthrough for poker and casinos came much later.
The legalization of casinos and poker games began when casinos located on tribal lands were given the opportunity to operate table and slot games.
This legalization eventually led to an increase of casinos with more choices for games for gamblers to play. However, over the years, the Indian tribe casinos slowly became commercial ones.
This led the legislation to pass a law in 2013 that enabled several casinos to open in New York. Despite the progress, New York has made online gambling is still not quite popular.
These laws also come with restrictions that do not allow players to participate in any form of criminal sanctions. The state now monitors and regulates gambling and no tolerance, especially for any type of illegal gambling.
The Current State of Online Gambling in New York
As mentioned, New York is not opposed to land-based gambling like horse racing, lotteries, and offline casinos. It is still, however, opposed to online gambling. Could there possibly be a major change happening in the future?
There might be a light at the end of the tunnel for the legalization of online gambling in New York. One of the ways this is possible is if Joseph Addabbo Jr – a New York senator – can prove that the demand for sports betting is growing within the state. This helped convince the Senate on the importance of sports betting.
And it immediately led to the passing of the bill. This bill allowed for the expansion of casinos in terms of their mobile and online betting services. With this in motion, New York can finally start tapping into the revenue that comes from mobile sports betting.
This bill also makes it possible for the Senate to address issues like problematic gaming, the development of credible gaming industries, and the satisfaction of the constitutional requirements.
To facilitate the search of evidence, the senator is using the New York Gaming Commission to acquire information. The commission is looking into research firms to help expand their gaming study as well.
This will help evaluate how much New Yorkers would love to see the expansion of online gambling. The study will not only focus on the impact of sports betting in New York but also on a wider scale.
With this bill still facing opposition, it might take some time before online gambling can become a reality in New York. Some of the arguments raised include the lack of measures to tackle online gambling. With several measures in place, this no longer has to be an issue. With the history of unfriendliness to gambling, New York might take some time to legitimize online gambling.
Mike Tan From Online Casino Gems believes that the legalization is definitely on its way. “The state of New York has been in denial for too long. Their players continue to siphon off to New Jersey, especially those in NYC. As New Jersey continues to show tens of millions in taxable revenue each month, New York legislations are under pressure to get onboard. And they will.”
As much as we agree with Mr. Tan, one thing remains certain: whether New York will legalize online gambling is a difficult thing to say. On the one hand, gambling laws are more liberal than before. On the other hand, crackdowns against illegal online gambling are still a part of the process.
Whatever the future may be, understanding the law is essential. After all, nobody wants to be prosecuted for enjoying a game of online poker.
This will make it quite easy for gamblers to know whether they are breaking the law. Although with the passing of the evidence bill, things are looking better for online gambling companies.
The more the State warms up to the idea of online gambling, the more their market will grow. It’s all a matter of taking it one step at a time and being hopeful.
This could create a massive shift in terms of lawmaking. Eventually leading to the legalization of online gambling. However, for the most part, we will just have to wait and see the outcome.
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