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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.
Gambling News :
MAJOR TAX INCREASES AHEAD FOR RUSSIAN GAMBLING -
The Russian newspaper Kommersant reports that the Russian Ministry of Finance has proposed a massive ten-fold increase in tax on the nation's land gambling business, with an additional provision for a 10 percent tax on any future earnings from online bookmaking activity.
Phil Horne New CEO SG Gaming -
Phil Horne, an online gambling industry veteran with previous management experience at Gala Coral, has been tapped for the CEO post at SG Gaming, the retail and online games development subsidiary of Scientific Games.
GLOBAL POKER LEAGUE PUBLISHES DRAFT PLAYER LIST -
#gpl Alex Dreyfus's new Global Poker League has published its first player draft list, featuring many well-known and respected names in the international game who have signed contracts to play in 12 super-teams.
Amendment to bill AB431 California Poker -
Gray's solution is fairly straightforward - give the racing industry a $57 million a year share in the revenues via a tax and licence fee mechanism in order to keep racing companies from competing in the market.
GameAccount Network In Deal With Rock Gaming -
After a careful review of the fast-growing online social casino market, GAN proved to be a great match for our needs and the needs of our patrons. We look forward to being able to offer our patrons a fun and interactive way to engage with our properties in Ohio.”
Atlantic City January 2016 Earnings -
Overall, Atlantic City operators took in $190.1 million in the first month of this year, a decrease of 3.8 percent compared to January 2015. Land operations reported $122.9 million won on slots, and $52.5 million at table games.
CALIFORNIA TRIBES DISCUSS ONLINE POKER LEGALISATION -
A coalition of tribes led by the Pechanga Band of Luiseño Indians expressed doubts on the economic provisions of the Gray bill, which calls for a $15 million license fee, 15 percent tax and a $57 million subsidy to the racing industry.
Changes to Microgaming's Poker Network -
Microgaming's Poker Network has unveiled planned improvements to its Sit 'n Go offering, inviting public comment on the project to ensure that a favourable product emerges when the changes are implemented end February.
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