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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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Gambling News :
#888poker Blast Promotion -
In a good example of its continually evolving promotional innovation 888Poker has announced a new online game which will be launched Monday July 25 titled Blast.
Pokerstars Cash Game Traffic Down 50 Percent since 2011 -
#pokerstars #888poker New numbers from online poker monitor Pokerscout reveal the alarming news that 7-day average cash game traffic at market leader Pokerstars has declined 50 percent since 2011, with the latest figure of 11,500 players continuing the trend.
Pokerstars Cutting Staff in the UK -
Reports from insider sources at Amaya Friday indicate that the Pokerstars parent group is cutting staff in its London offices as "dozens" of jobs are either eliminated or transferred to the Isle of Man headquarters of the online poker giant.
Major Greek Online Gambling Ring Busted -
The region includes the Greek capital of Athens, and police raids have reportedly targeted the citys affluent suburbs, where the ring operated from several expensive houses and apartments.
VulkanBet has gone live -
#UltraPlay #VulkanBet has announced that the online casino and sports betting operator VulkanBet has gone live on its Malta-approved Playfinity platform, enabling the operator to offer in-play betting across a range of sports via the Overwatch service.
IBID Group acquires Pragmatic Play -
The new owner plans to bolster the current senior management team by recruiting and appointing experienced managers from providers who service the land casino industry.
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