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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.



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Recent Gambling News :

Red-Hot Patriots Host the Detroit Lions - Don’t expect another four rushing touchdowns out of New England Patriots rookie Jonas Gray this week, but that doesn’t mean the opposing Detroit Lions will have it easy against the sportsbook’s No. 1 Super Bowl betting option. Quarterback Tom Brady has thrown for 20 touchdowns in the past six games alone.

Americas Card Room Online Super Series IV - Tournament players are also preparing for the popular Online Super Series IV (OSS). The series is back with an astounding $1.75 million in guaranteed prize pools through 63 individual events. This all ramps up to the December 14th Main Event with $1,000,000 GTD.

The Cage - Pot Limit Omaha On Nov 26 2014 - The Cage - Pot Limit Omaha (PLO) is happening on Wednesday, November 26th at 8:00pm ET.

Festive Frenzy Slot Tournament - The tournament is hosted by the merry Slot, Santa’s Wild Ride and boasts a €125,000 prize pool with a 1st place prize of €10,000 as well as cash prizes for the top 100 players.

Bitcoin Online Poker Site Launched - Coingaming.io, a platform provider which specialises in providing Bitcoin crypto currency solutions for the i-gaming sector, announced Friday that it has launched the Coin Poker Network with InstaDeal Poker’s network solution.

Decision on New Jersey SportsBetting Comming Out Today - With public interest in the dispute running high, Seton University issued a new study on sports betting and the controversial Professional and Amateur Sports Protection Act, a federal law which restricts sports betting to just four US states, with only Nevada among them enjoying full privileges.

Nevada Approves Merger of Bally and Scientific Games - The multi-billion dollar merger of Bally Technologies with Scientific Games has received the unanimous approval of the Nevada Gaming Commission.

Pokerstars To Launch casino and sports betting In Italy - Trucco revealed that the online poker giant is currently working towards the imminent introduction of online casino games to Italian online punters, and that a new sports betting product is in development and will also be launched when it is ready for market.

Adelson Last Minute Attemps To Ban Online Gambling - The Washington Post reports that Sheldon Adelson is encountering some serious opposition to his attempts to ban most forms of internet gambling through the Restoration of the American Wire Act bills, possibly triggered by his lobbyists' intense last-minute attempts to get the bill through the House Judiciary Committee before the current season ends.

New Jersey Gambling Regulator Comments on Jim Ryan - The UltimateBet software cheating scandal several years ago has turned up again like the proverbial bad penny, triggering an investigation by the New Jersey Division of Gaming Enforcement into the involvement of former Excapsa CEO Jim Ryan.

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