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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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Recent Gambling News :

Bulgaria Has 313 Sites On Gambling BlackList - The Bulgarian State Commission on Gambling has announced that major Gibraltar-based online gambling companies 32Red and Stan James are among the latest additions to its blacklist of operators accessing the Bulgarian market without a local licence.

Ladbrokes Invites Agencies To Pitch For Ad Dollars - Online and land gambling group Ladbrokes plc has invited top PR agencies to pitch for its reportedly considerable corporate communications and public affairs account.

Skrill To Acquire Ukash - The e-cash processing sector was humming late Thursday as news broke that online payment processor Skrill (formerly Moneybookers) has signed a deal to acquire the UK pre-paid cash voucher provider Ukash.

Defamation On FaceBook Costs Poker Player 340k Fine - Stories abound regarding the consequences of abusing the use of social media, but one this week has poker players talking, involving as it does expensive defamation penalties totalling A$340,000 levied on four Australian poker fans.

Florida Looking at Online Lottery Ticket Sales - Taking state lottery ticket sales online in Florida was always going to be a fiercely contested move, but Democrat Senator Gwen Margolis has bitten the bullet and introduced a bill to the state Senate proposing just that.

3 Major Online Poker Tournaments This Week In Prague - Three separate major live tournament poker tours - the World Poker Tour, the European Poker Tour and Ongame's Grand Series of Poker - are scheduled to provide nearly three weeks of action through December in the beautiful and historic Czech capital of Prague, providing a host of poker fans with around 70 competitions.

Chinese Lottery Sales Up 20 Percent - The popularity of lottery action in China shows no sign of waning, with October lottery sales again rising year-on-year, up 20.3 percent to the equivalent of around $5.34 billion, according to official Chinese figures from the country’s Ministry of Finance.

British gambling industry generated GBP 6.8 billion between April 2013 and March 2014 - The latest industry numbers from the British Gambling Commission show that the industry is alive and well in the United Kingdom, generating Gross Gambling Yield of GBP 6.8 billion in the period April 2013 to March 2014... an increase of 6 percent on the corresponding figure for April 2012 to March 2013.

EveryMatrix To Provide sports betting platform to Favourit - Sports betting technology provider EveryMatrix has announced that it is to provide a sports betting platform for established Australian sports betting white label supplier and operator Favourit.

Arctic Bear FaceBook Slot - Isle of Man developer Multislot has announced that its second Facebook slot product, Arctic Bear, has been ordered by Plaor for use on its Mega Fame social casino Facebook app. Integration will take place early in 2015.

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