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Online Lottery in GOA
4/6/10 - The Goa Herald reports that nine companies have so far responded to the Goa government’s tender process aimed at introducing an online lottery to the former Portuguese enclave on the west coast of India.
Officials of the Department of Lotteries declined to furnish to the media any details on the tender papers submitted, however, sources confirmed that nine companies have sent in their bids, and the tender process is now closed.
The online lottery system is seen by government as a good option to generate revenue for the state which has seen higher spending in the last few years. It expects to generate annual revenues of Rs 22-25 crore from the enterprise, sources said.
Apparently the current tendering documents present a more attrractive option to bidders than was the case when a similar exercise was launched two years ago. On that occasion, the government had offered the contract to operate the lottery to a private company against a one-time payment of Rs 25 crore, and had demanded a share from the lottery income. This scared off investors and not a single applicant applied.
Bwin/Party Revenues decline 6 percent in Q1-2015 -
The troubled online gambling group Bwin Party Digital Entertainment has posted another mediocre quarterly report, recording that revenues year on year slipped a further 6 percent, although they were up a similar amount when compared with the preceding quarter.
TABCORP RESOLVES VICTORIA TAX ISSUE -
Tabcorp Holdings Limited has announced that it has resolved with the Australian Taxation Office the tax treatment of the $597.2 million it paid to the State of Victoria in 1994 in relation to the wagering and gaming licences granted at that time.
New Netent Slot : Stickers -
Swedish online gambling software provider NetEnt has released its first game designed from the outset with a mobile first mindset, according to a company statement.
Attention Grabbing Betfair marketing Campaign -
Betfair marketers have just completed an innovative and attention-grabbing project in the Midlands city of Hull, where the favourite football team is facing relegation in league competitions.
Weike Gaming Technology Launching New Slots -
Weike Gaming Technology, a Singapore-based land casino game provider, has inked a deal with the open gaming platform provider ONEworks that will see some of its slot products translate to the online environment.
Will RAWA Destroy Nevada SportsBetting -
Sheldon Adelson's Restoration of America's Wire Act has the potential to create an unintended but spectacular backfire for Nevada's $3.9 billion mobile sports betting business, according to an article in the respected Las Vegas Revue Journal this week.
California Regulators Confident They Can Handle Legal Online Poker -
Tiffany Conklin of the California Gambling Control Commission voiced confidence that the two state bodies could work effectively together in ensuring a safe and strictly controlled intrastate online poker regime, and would have no problems in determining the suitability of companies for a California license.
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