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Texas Gov. proposes selling the lotteryNews Story
Texas Gov. Rick Perry said Thursday that his State of the State address on Tuesday would include a plan to fully privatize the Texas Lottery by selling it to private interests. Perry said such a sale would raise substantial funds that could be used for health care and research. Other states, including Illinois and Indiana, are looking into the concept, which allows a state to collect a large lump sum to replace future lottery revenue. The proposal is likely to be controversial because t
Feb 2, 2007, 5:46 pm - Lottery News

Company running most lottery games worldwide has history of scandalNews Story
The company behind the more than 16,000 machines that spit out New York Lottery tickets has been linked to scandals across the country and around the globe. Bribery allegations led a co-founder to quit his job as chairman. Its lobbyists have run afoul of the law in several states, including New York. Former government officials have received lucrative consulting contracts. And in summer 2006, an investigation in Texas found that the company, GTECH Holdings Corp., doled out tens of millions
Jan 31, 2007, 5:30 am - Lottery News

Ontario lottery players advised to be cautiousNews Story
It's not just about whether you win or lose, but how you play the game, especially when that game is the lottery. People buying tickets for Wednesday night's $36 million Lotto 649 draw the fourth largest Canadian jackpot in the lottery's history have been advised to take precautions to avoid being cheated in the wake of reports that retailers may be lying about whether tickets are winners or not. The scandal arose several weeks ago when it was alleged that too many ticket sellers were
Nov 9, 2006, 7:09 am - Lottery News

Banks balk at plan to cut off cash from net casinosNews Story
A group representing 5,000 small banks is opposing a tool lawmakers hope to use to stop online gambling, posing a challenge to what is widely seen as the government's best shot at cracking down on the activity. The Independent Community Bankers of America, whose members range from New York's Metropolitan National Bank to Colorado's First National Bank of Las Animas, is objecting to a proposal winding its way through Congress that would require financial institutions to block payments between
Aug 30, 2006, 12:22 pm - Lottery News

N.C. Lottery to roll out 3 new games in OctoberNews Story
Numbers games coming sooner than expected because of demand October will be a busy month for the N.C. Education Lottery. That's when the state will debut Pick 3 and 5 games and plans to start selling a controversial scratch-off game featuring the Stanley Cup champion Carolina Hurricanes. The pick-numbers games are coming a little sooner than expected because of high demand from players and retailers, state lottery director Tom Shaheen said. The N.C. lottery started just five months ago.
Aug 18, 2006, 3:48 pm - Lottery News

Texas Lottery audits find more problemsNews Story
Prize estimates were inflated at least 3 times after scandal Months after Texas Lottery officials were chastised for inflating Texas Lotto jackpot estimates in a scandal that cost the executive director his job, the agency did it again at least three more times, according to one of two highly critical state auditor reports on the lottery released Tuesday. Auditors found a significant number of instances in which agency management did not comply with policies and procedures to review or ap
Jul 13, 2006, 12:15 pm - Lottery News

Texas Lottery hires interim director to full-time postNews Story
FLASH: New lottery director may change computerized Megaplier to real lottery ball drawing, expert says computerized drawings flawed Anthony Sadberry, a longtime Houston attorney who led a reorganization of the Texas Lottery in the past five months as acting director, was named the agency's permanent head Wednesday. Sadberry's hiring was widely expected among agency observers and staff, many of whom have praised his straightforward and hands-on approach. Commission Chairman C. Tom Clow
Jun 29, 2006, 11:12 am - Lottery News

In Canada, betting on hockey is no gambleNews Story
In the packed food court beneath the Hyatt Regency at the corner of Sainte-Catherine and Jeanne-Mance, Christian, a 19-year-old part-time college student, tosses the North Face jacket on the chair across from him and sits down with his A W cheeseburger, fries and Coke. And begins poring over his sports betting slips. Between bites, Christian fills in circles like he is taking a sports SAT, pausing to think before committing to his answers. On this day, the subject is Olympic hockey.
Feb 20, 2006, 9:15 am - Lottery News

Italian lottery operator to buy GTECHNews Story
Italian lottery operator Lottomatica will gobble up GTech Holdings for $35 a share cash, or about $4.8 billion including assumption of debt.The Italian lottery operator announced the transaction early Tuesday and noted that the price represents a 15% premium to the U.S. gambling-equipment and service company's value on Sept. 9 the day before it announced plans to seek a buyer for the company.Total value of the deal, including assumption of debt, is roughly $4.8 billion. GTech of West Greenwich
Jan 10, 2006, 4:14 pm - Lottery News

2005 a trying year for Texas Lottery chairmanNews Story
Tom Clowe says he was never much of a gambling man, but he was willing to take his chances when he asked Gov. George W. Bush in 1998 to give him an opportunity to serve the state in a volunteer capacity. I said to Governor Bush: I'm ready to do public service now. Give me the worst job that you've got,' Clowe recalled in a recent interview. And, man, he did! Bush appointed Clowe in November 1998 to the board that oversees the Texas Lottery Commission, which was still reeling from a string of
Jan 2, 2006, 7:42 am - Lottery News