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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 :
$2800 in Free Gifts @slotslv for Halloween -
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Microgaming October 2015 Slot Releases -
Titans of the Sun Hyperion and Titans of the Sun Theia are being offered, with Hyperion and Theia taking centre stage in their respective 5x3 reel, 15 pay-line games. Visually stunning, Titans of the Sun combines striking graphics with rich audio, to bring an ancient adventure to life.
LADBROKES COMPLETES GBP 1.35 BILLION MERGER FINANCING -
The UK online and land betting group Ladbrokes plc announced Friday that it has signed a GBP 1.35 billion facility with a syndicate of relationship banks to provide committed financing for its proposed merger with Coral announced on 24 July 2015
Swedish media groups work on a responsible Gambling advertising plan -
With the prospect of new regulatory developments in Swedish online gambling ahead following government's impending review of the industry trade associations for the local digital, television, print and publishing media are talking about self-regulation in what appears to be a pre-emptive move.
Microsoft's Bing Predicts Picking Sports Winners -
Artificial intelligence has been disturbing gambling consortiums in Las Vegas, the publication Extreme Tech claims, reporting that Microsoft’s AI engine, Bing Predicts, recently bested the Las Vegas odds in predicting winners for week one of the NFL season.
MAJOR NEW LAND CASINO FOR RUSSIA -
It's been a bumpy road strewn with delays, but Summit Ascent’s Tigre de Cristal casino resort has launched in the Russian Primorye gaming zone to considerable local fanfare, and looks set to succeed - some say to Macau proportions.
Italian Online Poker On The Decline -
Italian market statistics for September 2015 from regulator AAMS make depressing reading from an online poker perspective, reporting that online tournament entries fell 19 percent to Euro 58.7 million, and net revenues declined by 17 percent y-o-y to Euro 5.3 million.
Did the Christian right wing Trigger daily fantasy sports betting? -
Did the Christian right wing inadvertently trigger the massive demand for daily fantasy sports betting is the question raised in an interesting opinion piece in the Observer Thursday, written by one-time Washington political staffer Ari Rabin-Havt, who served as an adviser to Senate Majority Leader Harry Reid, as well as on Al Gore and John Kerry’s presidential campaigns.
Class Action Lawsuits Filed Against DraftKings and FanDuel -
@draftkings #draftkings More pressure was heaped on the beleaguered daily fantasy sports operators DraftKings and FanDuel Thursday when a class action was filed against them by a Kentucky resident - the second such action following a 'bait and switch' class action claim filed in Florida last year but since abandoned
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