( 27-03-2003 - - - The Indian Express ) Modi to enter online lottery via ‘Sunshine’
The online lottery space seems to be getting crowded pretty fast. With Essar announcing its foray into the space recently, it is the Modi group’s turn now.
Integrated Technology Solutions Private Limited (ITSPL), the lottery division of Modi Enterprises, is slated to launch its brand ‘Sunshine Lottery’ on May 15 this year. ‘‘ We have got license for Manipur and we have pledged Rs 700 crore to the State in ten years’ time,’’ said Shreekant Gupte, CEO of ITSPL.
The initial investment will be to the tune of Rs 300 crore and 6,000 terminals will be set up in the first phase, he told The Indian Express on Wednesday.
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