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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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Bwin Extends FC Bayern Basketball Sponsorship -
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Bet365 Relocating to Gibraltar -
The company said Gibraltar will become its licencing hub with the company operating its international betting businesses under the licences granted by the Government of Gibraltar, while still retaining a UK presence in Stoke-on-Trent.
Pyrons Slot Launches -
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Pro Sports leagues Fighting NJ Sports Betting -
As expected, four major professional sports leagues and the NCAA have filed a motion in US Federal court to block New Jersey Governor Chris Christieís move towards allowing sports betting at casinos and racetracks in the State .
Empire City Casino Online Launches -
On the back of disappointing results, GameAccount Network (GAN) has announced the commercial simulated gaming launch for a previously unnamed US casino operator.
PartyPoker Expands Casual Cash Games -
After a successful trial, casual player focused online gaming site partypoker has announced plans to expand the range of its unique real money poker format Casual Cash Games in its global online poker room.
Freebets Official Betting Partner of West Bromwich Albion -
Freebets will sponsor the Clubís East Stand and will be provided a range of branding opportunities, significant advertising and branding presence at The Hawthorns on match days, access to hospitality facilities and an online presence on the Clubs website at wbafc.co.uk.
Ian Hogg Joins GamCrowd -
Ian Hogg, former Sportech chief operating officer, has been named chairman of equity crowdfunding and crowdsourcing platform for the gambling industry, GamCrowd.com.
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