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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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Playtech acquires Aristocrat Lotteries -
The two Aristocrat firms provide a server-based gaming platform for VLTs and Casino markets to two major retail VLT operators in Norway and Italy, marketed under the well-established TruServ brand.
Former Purple Lounge Chief Now Involved With Boxhill Technology -
Phil Jackson, the erstwhile chief of the now defunct Media Corporation plc and the man who put its online gaming subsidiary Purple Lounge into liquidation to the prejudice of its many owed players, is now involved with a casino cash subsidiary of Boxhill Technology.
Patrik Antonius Top Online Poker Winner This Week -
Finnish ace Patrik Antonius has been keeping a low profile for much of this year, but he returned with a vengeance to the high stakes virtual tables at Full Tilt last week, crushing most of the opposition over 2,500 hands to end the week with a profit of $517,845, well ahead of his nearest rival, Gus Hansen, who turned things around to emerge as the next biggest winner on $319,999.
Why is Latvia Now Enforcing The Gambling BlackList -
Latvia's sudden rash of black listings of operators accessing its market without licensing has surprised many, given the nation's somewhat passive approach to enforcement since online gambling was legalised back in 2006.
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