Flashback: As ‘Matka King’ Rattan Khatri dies, recalling a gambling game that once ruled Mumbai – Rattan Khatri, who would later come to be known as the Matka King of Mumbai, died in his South Mumbai home last Saturday (May.

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Mumbai: Ratan Khatri, the ‘matka king’, dies at 88 – Khatri is said to be the person who spread a particular form of gambling, which was based on picking chits from matkas.