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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 :
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European betting companies curious about the burgeoning opportunities in global eSports should diarise May 18 at the Royal Gordon Hotel in London, where a major conference on the vertical has been convened.
New Taxes for Australian Bookmakers -
Local media reports from Australia claim that locally-based bookmaking firms are facing a new challenge as political questions are asked about the low tax rates in the Northern Territory, which have encouraged a number of gambling companies to licence there.
New Money Laundering Charges vs Tabcorp -
#tabcorp This ongoing investigation into Tabcorp's extensive, significant and systematic non-compliance with Australia's money laundering and counter-terrorism financing legislation has resulted in these additional allegations," Jevtovic said.
Gaming Realms in deal with Scientific Games -
Online gambling content developer Gaming Realms announced Thursday that it has inked a five-year content and distribution agreement with Scientific Games, although it did not provide any detail on the financial arrangements surrounding the deal.
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