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Michigan Lottery to pioneer ads on lottery ticketsNews Story
Michigan government officials are preparing to award a first-of-its-kind contract to sell advertising on lottery tickets, after denying a protest by an agency that includes a former state senator.The State Administrative Board on Tuesday is expected to act on the $100,000 Bureau of State Lottery contract, recommended by a board committee to go to Troy-based Simons Michelson Zieve Inc.But the Rebecca Kelly Agency, a Grosse Pointe Park venture that includes former Sen. John Kelly, D-Detroit, prote
May 2, 2005, 9:51 am - Lottery News

GTech Profits UpNews Story
GTech Holdings Corp., the world's largest lottery systems operator, on Tuesday said quarterly earnings rose on new contracts, acquisitions and strong sales of its products.GTech, which provides services and equipment to the lottery industry in 45 countries and 25 U.S. states, said it benefited from new contracts in Spain, Italy, Jamaica and Mexico. The company also received a new ticket-vending machine contract in Maine and an extension in Oregon.GTech, which has a 70 percent share of the online
Sep 22, 2004, 8:20 am - Lottery News

Arizona Lottery has record salesNews Story
Arizonans pursuing quick riches bought a record $366.6 million in Lottery tickets in the year that ended June 30, a nearly 14 percent gain over the previous 12 months.From those sales, a record $107.8 million was distributed to eight state funds that aid everything from parks to mass transportation and abused children.Arizona's percentage increase was the highest among Western states with similar gambling environments, according to Lottery officials. Lottery sales in California, which also has I
Aug 26, 2004, 7:43 am - Lottery News

Jamaica Lottery RecoversNews Story
Supreme Ventures Ltd., Jamaica's sole lottery company, has seen a substantial recovery in its business since the Government decided to lift the tax it had imposed on winnings last year.The company is also looking forward to expanding its business over the next 12 months and this will include the introduction of a third daily Cash Pot draw, a Caribbean Pin Ball Lotto and several new instant win games, better known as Scratchers.Bryan George, president of Supreme Ventures who made the announcement
Jun 30, 2004, 7:59 am - Lottery News

GTECH's 1Q earnings up 31 percentNews Story
Gtech Holdings Corp., the world's largest operator of lotteries, Tuesday posted a 31 percent jump in profit for its latest quarter, helped by continued strong sales.The West Greenwich-based company also boosted its full-year earnings expectations because of a reduction in its tax rate.The company reported net income of $53.6 million, or 80 cents a share, for the first quarter ended May 29, up from $41 million, or 68 cents, a year earlier.The latest quarter included a one-time gain of $6.4 millio
Jun 23, 2004, 7:11 am - Lottery News

Scientific Games Launches "Lottery Museum"News Story
Scientific Games Corporation announced that it has launched the Internet Scientific Games Lottery Museum at http://www.scientificgames.com in honor of the 30th anniversary of the introduction of the first secure instant lottery ticket.The site features images of Scientific Games' instant tickets from 1974 to 2004, along with a short history of the developments in each era.Scientific Games is a key player in the lottery industry and is dedicated to the research, authentication, acquisition and pr
Jun 2, 2004, 11:37 am - Lottery News

GTECH completes acquisition of lottery companyNews Story
U.S.-based GTECH Holdings Corp. said Thursday it had closed a $40 million deal to buy an Antigua-based lottery company.The all-cash deal also gives the lottery giant licenses to operate games in Antigua and Barbuda, Anguilla, St. Kitts and Nevis, St. Maarten and Saba and St. Eustatius, and Turks and Caicos.GTECH said the acquisition of Leeward Islands Lottery Holdings Co. would add between $20 million and $25 million to the company's $1 billion in annual gross revenues. Leeward should provide $6
May 7, 2004, 7:11 am - Lottery News

GTech Profit Up as Lottery Sales RiseNews Story
GTech Holdings Corp., a leading lottery systems operator, on Thursday said quarterly earnings rose 14 percent, on acquisitions and higher lottery ticket sales driven by big jackpots.The fiscal fourth-quarter earnings topped Wall Street estimates, but GTech stock fell slightly. It was a good quarter, but not a phenomenal one, Farmhouse Equity Research analyst J.P. Mark said. People expected them to beat estimates. For the fiscal fourth quarter ended Feb. 28, the West Greenwich, Rhode Island, co
Apr 16, 2004, 9:33 am - Lottery News

GTech to buy Leeward Islands LotteryNews Story
World's largest lottery systems operator plans to acquire Caribbean-based Leeward for $40 millionGTech Holdings Corp., the world's largest lottery systems operator, on Monday said it would acquire a lottery operator based in the Caribbean for $40 million in cash.It said the acquisition of privately held Leeward Islands Lottery Holding Co., based in Antigua and St. Croix, gives it an entry to an important market. We believe the acquisition of LILHCo gives GTECH a strategic foothold in the Caribbe
Apr 5, 2004, 11:19 am - Lottery News

Interim Minnesota lottery director cites progressNews Story
After about a month on the job, Michael Vekich says hes making progress in reforming the way the Minnesota State Lottery operates.Vekich told lawmakers on Tuesday that lottery officials have addressed nearly 70 percent of the state Legislative Auditors 49 recommendations in a report that was released last month.We have accomplished a lot, said Vekich, who was appointed by Gov. Tim Pawlenty to serve as interim director of the lottery in February following the suicide of Director George Andersen.T
Mar 19, 2004, 4:41 am - Lottery News