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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.
Recent Gambling News :
Utah vs Duke Sweet Sixteen Showdown -
The No. 5 Utah Utes (26-8 SU, 21-11-1 ATS) were overlooked going into this year’s NCAA men’s basketball tournament, and they’ll be in the spotlight this Friday when they take on the No. 1 Duke Blue Devils (31-4 SU, 20-14-1 ATS) in the Sweet Sixteen. Game time from Houston is 9:45 PM ET on CBS.
Ezugi in exclusive deal with Jockey Club del Peru -
Live dealer gaming system provider Ezugi has entered into a four-year exclusive deal with the Jockey Club del Peru for the provision of digital and gaming content across its land-based properties and online and mobile platforms.
Jack Massey Leaving Paddy Power -
After nine years service in positions including that of director of investor relations and company secretary for Paddy Power, Jack Massey will leave the company at the end of August 2015 to pursue other interests, the company said.
Gloomy Outlook For Macau Gambling -
The challenges facing Macau's gambling industry, notably the Chinese central government crackdown on corruption, international competition for VIP punters and possible visa restrictions, together with the falling revenues in the offshore gambling mecca, have prompted the Fitch ratings agency to revise its forecast for revenue growth this year.
Twitch Hacked -
#twitch The nascent and very promising poker streaming facility Twitch has been hacked, but is fighting back with a series of measures, it advised Wednesday in a website notice and communications direct with users.
SportsBetting Ring Leader Mark Ruff gets 9 years in jail -
U.S. District Judge Frank Geraci sentenced online sports betting ring leader Mark Ruff to nine years in jail Wednesday on charges that he was the key figure in an illegal $75 million online sports betting ring, money laundering and for attempting to blackmail a pro hockey player, Thomas Vanek.
Nothing New at Hearing on Internet Gambling -
#rawa Political ignorance and biased misinformation probably characterise the proceedings in Washington DC yesterday (Wednesday) when the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations listened (and gave their own often mystifying views) to testimony from a witness list loaded to present an argument that internet gambling should be federally banned.
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