Ratan Khatri - Latest News Update, Information, Photos & Videos on Ratan Khatri at Lokmat Times

Ratan Khatri, considered by many as among the pioneers of betting in India, has died, family sources said on Sunday.Khatri, 88, died on Saturday after a brief illness at his home in Navjeevan Society in Mumbai Central area here, the sources said.Hailing from a Sindhi family, Khatri came to Mumbai from Karachi in Pakistan when he was a teenager during the partition in 1947.Famous for his ''Matka King'' sobriquet, Khatri is credited with transforming matka (a form of gambling that originated in Mumbai in 1962) into India''s biggest betting racket and established a nation-wide gambling network that lasted for decades under his control.Matka involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange. Matka was popular in all sections of Mumbai society in 1960s.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

T20 World Cup 2024

Ratan KhatriFOLLOW

Ratan khatri, Latest News

Maharashtra :Siddharth Roy Kapur, Nagraj Manjule to come up with 'Matka King' series

Producer Siddharth Roy Kapur and director Nagraj Manjule have teamed up for a new series tentatively titled 'Matka King'. ...

Entertainment :'Sairat' helmer Nagraj Manjule to direct 'Matka King' based on gambler Ratan Khatri

Mumbai, Jan 11 Filmmaker Nagraj Manjule, known for films like 'Sairat' and 'Fandry', is set to direct a ... ...

Maharashtra :'Matka King' Ratan Khatri passes away at 88

Ratan Khatri, considered by many as among the pioneers of betting in India, has died, family sources said on ... ...