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NewsResults 21 - 30 of 54 for the pyramid system. (0.07 seconds)

Delaware legislation eliminates computerized lottery drawings
Bold action to restore credibility to Delaware lottery drawingsTwo key Delaware lawmakers have finished drafting a bill, which if enacted, will eliminate computerized lottery drawings in Delaware, and force the state lottery to conduct live drawings on TV and over the Internet.House Majority Leader Wayne A. Smith, R-Clair Manor, and Sen. Nancy W. Cook, D-Kenton, form the bipartisan sponsorship for this landmark piece of legislation.The bill directs the Delaware Lottery Office to hold live lotter
Feb 15, 2005, 1:18 pm - Lottery News

Support eroding for Maine Gov.'s lottery plan
A Democratic state senator from Portland is breaking ranks with Gov. John Baldacci on the governor's plan to help balance the state budget by selling future lottery revenue. But it remains to be seen if that defection is isolated or the first sign that support is crumbling within the governor's party.Sen. Ethan Strimling, one of 19 Democrats in the 35-member Senate, said Wednesday he cannot support borrowing $250 million from an investor and repaying it by selling lottery revenue. Strimling said
Feb 10, 2005, 1:27 pm - Lottery News

Washington Mega Millions lottery player is lucky 10 times over
Seattle man takes home $1.75 million with multiple winning ticketsArchie Herring of Seattle, Washington just missed winning this weeks huge $130 million Mega Millions lottery jackpot, correctly guessing five of the six numbers drawn but missing the all-important Mega Ball number.He is crying all the way to the bank.Herring, 68, played his five-number combination on 10 separate tickets, each one good for a second prize of $175,000, or a total of $1.75 million.Herring brought his winning tickets i
Jan 21, 2005, 9:45 am - Lottery News

Landmark bill would ban computerized lottery drawings in Delaware
LANDMARK: Could we be seeing the beginning of the end of computerized lottery drawings?Lottery Post sincerely hopes so, and hopefully we have had a part to play in the genesis of this important bill. We encourage all of our readers to support this bill, and identify it throughout the United States as a model for every state to follow.A bipartisan duo of lawmakers said Wednesday they intend to push a bill to require the Delaware state lottery to abandon a computer that picks winning lottery numb
Jan 20, 2005, 8:30 am - Lottery News

GTECH lands 5-year deal with Finland lottery
Lottery systems operator Gtech Holdings Corp. reported Monday that it signed a five year deal with the Finnish national lottery.Veikkaus Oy, the operator of the Finnish national lottery, awarded the contract to Gtech to replace the country's existing lottery system with new software and terminals as well as provide ongoing services for the systems. The contract has automatic provisions for two, two-year extensions which would extend the contract until 2013.The company expects to generate $38 mil
Dec 21, 2004, 9:59 am - Lottery News

GTECH to earn $85M from Missouri lottery contract
GTECH Holdings Corporation announced Thursday that its wholly-owned subsidiary, GTECH Corporation, was chosen by the State of Missouri to provide a new online lottery central system, terminals, and ongoing services under a proposed seven-year integrated services contract.The contract is expected to commence July 1, 2005 with the option to renew the contract for up to eight years beyond the expiration date of June 30, 2012.GTECH expects to generate approximately $85 million over the seven-year te
Dec 17, 2004, 3:10 pm - Lottery News

Global Pyramid Lottery Sceme Indicted Again
On the heels of several indictments and guilty pleadings worldwide, World Games Inc. (WGI) is once again the target of law enforcement.WGI offers different lottery and gaming products to its members on the Internet. Like a pyramid scheme, members join with the intention of registering as many new members as possible, in order to derive credit from those new members. In keeping with a pyramid scheme, the vast percentage of rewards go to the members highest up in the scheme.Pyramid schemes are i
Dec 17, 2004, 12:26 pm - Lottery News

Gaming executives guilty of operating illegal lottery, pyramid scheme
Six of the lead promoters of World Games Inc. (WGI) plead guilty to operating and promoting an Illegal Pyramid Scheme December 6, 2004 in Calgary, Alberta.The guilty plea was a result of a five month Joint Forces investigation including the Alberta Gaming and Liquor Commission (Gaming Investigation Team), Calgary Police Service, RCMP, and the Lethbridge Police Service.World Games Inc. CEO, Greg Kennedy was found guilty of pyramid selling offenses by the Australian Federal Court earlier this year
Dec 8, 2004, 8:53 am - Lottery News

Educators, Lawmakers Pleased With Oklahoma Lottery Vote
Supporters Predict Measure Could Generate $150M Annually For EducationOklahoma school officials called State Question 705 a victory for the state's education system Wednesday after voters passed the measure overwhelmingly.The measure, which establishes a state education lottery, was approved by 64 percent of voters who participated in Tuesday's general election.According to language in the measure, at least 35 percent the revenue from the new lottery will go directly toward Oklahoma's education
Nov 4, 2004, 12:53 pm - Lottery News

Technology glitch plagues Connecticut Lottery
What a Connecticut Lottery Corp. spokeswoman described as a hiccup in a ticket sales computer system may have cost the state and its lottery agents tens of thousands of dollars in lost sales Monday.The computer glitch left Connecticuts 2,800 lottery agents without operating ticket terminals for more than 10 hours during the morning and early afternoon Monday.The problem wasnt corrected until about 2:30 p.m., which meant that thousands of customers were unable to buy tickets for Mondays midday
Oct 19, 2004, 11:04 am - Lottery News

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