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Lottery pays off for poor kidsNews Story
Children in one of Denver's oldest and poorest neighborhoods are getting a new playground, thanks in part to Great Outdoors Colorado. This project is very near and dear to the hearts of people who live in the Swansea neighborhood, said City Councilwoman Judy Montero, who represents the community. People have been working on this project since 1995. The GOCO board announced Monday it will award $200,000 toward the $427,000, two-acre playground and park, which is to be completed in about a year.
Dec 9, 2003, 4:53 am - Lottery News

Lottery fund may face changesNews Story
Two powerful Colorado legislators said they will push for changes in the state's management of the Conservation Trust Fund, a $43 million pot of lottery profits that is supposed to pay for parks and recreation.Meanwhile, the state auditor said Tuesday that she is moving forward with an audit of the fund. The auditor, Joanne Hill, may propose additional changes as early as January.Stories in The Denver Post on Nov. 9 and 10 outlined how the two chief pools of lottery profits that voters said must
Nov 19, 2003, 4:42 am - Lottery News

Lottery funds misusedNews Story
Records show proceeds spent in ways not endorsed by votersA multimillion-dollar state lottery fund that is supposed to pay for parks and recreation is being used for everything from cellphone bills to air conditioners and Christmas parades.The Conservation Trust Fund is a $43 million pool of lottery profits that, according to state law, is to be given to local governments and used only for the acquisition, development and maintenance of new conservation sites or for capital improvements or main
Nov 10, 2003, 5:02 am - Lottery News

Audit sought for Colorado lottery-fund useNews Story
The director of a state agency that doles out $40 million a year in Colorado Lottery funds has asked for an audit on how the money has been spent.In addition, Mike Beasely, the director of the Department of Local Affairs, has asked a legislative committee to look again at the issue of whether the state should have more oversight over the Conservation Trust Fund.The department distributes lottery proceeds from the fund to local governments and recreation districts, which then determine who gets t
Oct 10, 2003, 9:50 am - Lottery News

GTECH Completes Acquisition Of Interlott Technologies, Inc.News Story
GTECH Holdings Corporation today announced that it has completed the previously-announced acquisition of Ohio-based Interlott Technologies, Inc, a leading provider of instant ticket vending machines (ITVMs) for the lottery industry worldwide. The acquisition was approved at a special meeting of Interlott shareholders on Wednesday, September 17, 2003. The common stock of Interlott ceased trading today, September 18, 2003, and will no longer be listed on the American Stock Exchange.Interlott sha
Sep 18, 2003, 6:25 am - Lottery News

Scientific Games to buy online lottery operatorNews Story
Scientific Games Corp., a maker of betting equipment and lottery systems, on Friday said it would acquire International Game Technology's on-line lottery operator for $143 million in cash.The agreement to buy IGT Online Entertainment Systems will give Scientific Games, based in New York, access to online lottery systems that produce lotto-type game tickets in seven states and the Caribbean.IGT Online, which also supports systems sold to customers in Korea, Norway, Switzerland and Shanghai, gener
Sep 12, 2003, 9:54 pm - Lottery News

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