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Major lottery winner says he's a fraud victimNews Story
Ex-carpet cleaner sues to recover more than $3.5 million British Columbia's biggest lottery winner claims he was bilked of more than $3.5 million less than 18 months after the windfall, by false friends helped by two Vancouver lawyers and an accountant. Tsering Luding, the carpet cleaner who scored $24 million from Super 7, says he was defrauded in a sophisticated sting featuring phony financial statements and $100,000 payments delivered in banded bills wrapped in plastic bags. He is tryin
Sep 12, 2007, 3:10 pm - Lottery News

Retiree, 81, wins $9.2M Colorado Lottery jackpotNews Story
Colorado's newest multi-millionaire doesn't think life will change much after winning the $9.2 million Colorado Lottery Lotto jackpot. Hank Robinson, 81 years young, planned to go home and enjoy a game of Scrabble with his sister, after collecting his winnings. The winning numbers from the drawing on July 14 were 14, 17, 21, 31, 36 and 38. Robinson's sister, Beverly, began playing five of the six numbers when Lotto began in 1989. After she stopped playing, he decided to play her numbers with
Jul 23, 2007, 11:49 am - Lottery News

Backlash in Calif. over sale of lottery operator GTECHNews Story
As the new 2007-08 Legislature convened Monday, the backlash over an Italian firm's quiet takeover of California's lotto contractor grew when a second legislative committee said it would investigate. Assemblyman Alberto Torrico, a Newark Democrat who chairs the government organization committee in the lower house, said his panel is probing the matter and may convene hearings. I'm taking a look at the situation. I've read the press report. I've been briefed by my staff, said Torrico, whos
Dec 6, 2006, 9:57 am - Lottery News

Brazil lottery cancels GTECH contract over Lottomatica acquisitionNews Story
GTECH Holdings Corp., which has agreed to be bought by Italy's Lottomatica, said on Tuesday that its contract to provide lottery services to its largest customer, Brazil, will not be renewed. The contract will expire on Aug. 13, the company said in a filing with the U.S. Securities and Exchange Commission. Its subsidiary, GTECH Brasil Ltda, has provided lottery services to the operator of Brazil's national lottery, Caixa Economica Federal, since 1997. Revenue from the contract accounted
Aug 9, 2006, 9:39 am - Lottery News

BETonSPORTS Fires Jailed CEONews Story
Wagering firm distances itself from colorful founder and Costa Rica Embattled online gambling firm BETonSPORTS dealt its incarcerated chief executive out of the game with a terse announcement Tuesday that David Carruthers has been terminated. The company also put some distance between its operations and BETonSPORTS founder Gary Stephen Kaplan, who was charged with 20 felony violations and is currently on the lam. Mr. Carruthers, who was arrested in a U.S. dragnet nine days ago as he cha
Jul 26, 2006, 3:17 pm - Lottery News

Texas lottery raises concerns over GTECH's practices, ethicsNews Story
Lottery giant's merger with Lottomatica requires that Texas agree to keep its contract with the company GTECH Holding Corp.'s stock plummeted as much as 14 percent yesterday morning before rebounding after the Texas Lottery Commission and the Texas Department of Public Safety raised concerns about the company's business practices and ethical integrity. Investors, anticipating that Texas might adversely impact GTECH's pending $4.8-billion acquisition by Italy's Lottomatica SpA, sold off so
Jul 21, 2006, 10:45 am - Lottery News

After sale, GTECH to remain in R.I.News Story
Making it the latest Rhode Island company to be bought by a European firm, GTECH Holdings Corp. announced last week that it has entered into an agreement to be acquired by Lottomatica SpA, a Rome-based company that operates Italy's Lotto.The $4.8-billion deal will merge the West Greenwich-based company with the operator of one of the world's largest lotteries. Once combined, the two companies would have approximately 6,300 employees with operations in more than 50 countries.Under the agreement,
Jan 16, 2006, 8:03 am - Lottery News

Texas lottery officials concerned about sale of GTECHNews Story
The Rhode Island company that operates many of the Texas lottery's most popular games is up for sale, and state officials are looking to hire an independent law firm to help them ensure that any potential buyer is committed to upholding the company's contractual commitments.Lottery officials told a legislative oversight panel this week that Gtech Corp., which has been under contract to the state agency since the lottery was established in 1992, has received an acquisition offer from an unnamed g
Nov 16, 2005, 11:25 am - Lottery News

Gtech lottery, gaming units may be split in saleNews Story
If Gtech Holdings Inc. is sold, as recent reports suggest, it may be marketed in pieces to buyers interested in its global lottery operations and gaming equipment business, analysts told Bloomberg News.The Wall Street Journal published a report Tuesday indicating Gtech received an unsolicited expression of interest from Goldman Sachs Group Inc.'s private equity unit. Gtech, the world's biggest seller of computerized lottery systems, told Bloomberg News Monday it was considering an unsolicited
Sep 14, 2005, 7:21 am - Lottery News

Scientific Games Hires Former GTECH PresidentNews Story
In a move designed to broaden the company s management team to take advantage of future growth opportunities, Scientific Games appointed Michael Chambrello president and chief operating officer.Chambrello, who has served in a variety of key roles across nearly 20 years in the lottery industry, previously served as President of GTECH Corporation and Executive Vice President of GTECH Holdings Corporation. He will assume his new position at Scientific Games on July 1, 2005. We are all extraordinari
Jun 21, 2005, 9:09 am - Lottery News