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Giant lottery operator GTECH wants to add Tennessee to its clienteleNews Story
Financial advisers have long said that lottery players would fare better investing their money in the stock market than hoping the pingpong balls pop up with their numbers.If you followed that advice and bought stock in the largest lottery operator in the country, GTECH Holdings, over the past decade, chances are the investment would have paid off better about 500% better.The West Greenwich, R.I., company's stock price has doubled in the past year, closing Friday at $42.77; GTECH's revenues have
Sep 8, 2003, 3:49 am - Lottery News

GTech has winning lottery ticket, checkered pastNews Story
A Rhode Island company that practically built the nation's state lottery business just added the Florida Lottery as the missing gem to its crown jewels.GTech Corp. last week became the successful bidder to run the Florida Lottery system. With Florida in hand, the company will run all five of the country's biggest state lottery systems - New York, Texas, Georgia, California and Florida. Altogether, GTech will operate 26 of the 36 state lottery systems, plus the Washington, D.C., system. We genera
Sep 8, 2003, 3:44 am - Lottery News

Georgia's Lottery Director to QuitNews Story
Rebecca Paul, who started Georgia's lottery and has been its only director for 10 years, is jumping ship to run the startup lottery for neighboring Tennessee. She has informed the governor, Dan McLagan, a spokesman for Georgia Gov. Sonny Perdue, said. Mrs. Paul has indicated she is looking for a new challenge. We certainly wish her well. Earlier Sunday, two sources told The Associated Press Paul was negotiating with Tennessee officials to head their new lottery and that she was expected to tak
Sep 8, 2003, 3:38 am - Lottery News

Lottery board narrows list of CEO candidates to threeNews Story
The list of candidates for the top job in running Tennessee's lottery has been whittled from 15 to three, but lottery officials declined yesterday to say who the finalists are.One official said Tennesseans could rest assured that the chief executive officer candidates would be well-screened and that the board had no choice but to handle it this way.Lottery board spokesman Will Pinkston was asked why there will not be an opportunity for a public review of candidates or the board's selection.''Unf
Sep 5, 2003, 3:27 am - Lottery News

Florida Lottery Names GTECH For New Multi-Year ContractNews Story
GTECH Holdings Corporation (NYSE: GTK) yesterday announced that its wholly-owned subsidiary, GTECH Corporation, has been selected by the Florida Lottery as the apparent successful bidder to supply a new online and instant-ticket lottery system, lottery terminals, and related telecommunications network. The proposed six- year integrated services contract is expected to commence on February 1, 2005, and includes two two-year extension options. This decision by the Florida Lottery is the result of
Sep 4, 2003, 3:41 am - Lottery News

N.J. Lottery revenue tops $2 billion for second straight yearNews Story
New Jersey Lottery sales topped the $2 billion mark for the second consecutive year even though sales of tickets for both the Pick 6 Lotto and Lotzee games dropped significantly. The lottery, which is New Jersey's fourth-largest revenue producer, brought in $764 million to state coffers in the fiscal year that ended in June. That was an increase of $10 million over the previous year. The biggest sales gains last year were registered for the state's instant games, which increased by 16.5 percent
Sep 4, 2003, 3:32 am - Lottery News

Tennessee Rejects Lottery Deal with GeorgiaNews Story
The Tennessee lottery board decided unanimously this afternoon to decline a partnership with the Georgia lottery perhaps delaying the startup of games in Tennessee until March.Board members said the deal made sense from a business perspective because it would have provided more net revenue to be used for scholarships for Tennessee students.Although the state Attorney General's Office and the outside counsel consortium led by Waller Lansden Dortch Davis agree a joint venture is legal and allowe
Sep 3, 2003, 6:06 pm - Lottery News

Is Georgia too much on their minds?News Story
Tennessee's new lottery board appears to be rushing headlong into a partnership with Georgia, and someone needs to slow the train down so the public can have a better view of where it is headed.The plunge to do business with Georgia has raised more questions than members of the Tennessee Education Lottery Corp. have answered. The first and foremost is the legality of such a contract.That question is expected to have an answer from Tennessee Attorney General Paul Summers in a formal legal opinion
Sep 3, 2003, 3:54 am - Lottery News

Merchants: Not enough terminals for N.D. lotteryNews Story
Many North Dakota merchants, who are hoping a new state lottery will draw more customers, are fretting there wont be enough ticket terminals to go around -- and state officials say theyre right. If (a lottery machine) is available to my competition, then that is a tool that I must have, said Bob Johnson of Cavalier, who owns a convenience store and off-sale liquor outlet near the Icelandic State Park. If they put one in the Cenex in Cavalier, I need one. North Dakota may not have enough lotter
Sep 3, 2003, 3:49 am - Lottery News

Lottery partnerships have poor track recordNews Story
As Tennessee officials consider a lottery partnership with Georgia, lottery observers warn that similar joint ventures have had their problems. Tensions simmer within a consortium of western Canadian provinces operating a lottery together. Three New England states are starting to go their separate ways. And South Carolina took only a few days before turning down Georgia's offer to join forces.``Some liaisons are not what they're cracked up to be,'' Edward Stanek of Iowa, the country's longest-se
Sep 2, 2003, 3:58 am - Lottery News