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Illinois Lottery seeks to collect $20 million from operator Northstar Lottery GroupNews Story
But the lottery has not shown Northstar the final audit numbers The Illinois Lottery said Monday it is entitled to a $20 million payout from Lottery private manager Northstar Lottery Group because the group fell short of the total Illinois Lottery income Northstar said would be generated in fiscal year 2012. Noted Illinois Lottery Superintendent Michael Jones: Northstar won the private manager contract by projecting a net income of $851.2 million in FY12, but failed to reach this goal, con
Mar 19, 2013, 4:09 pm - Lottery News

Illinois Lottery superintendent at odds with private manager of lotteryNews Story
Illinois Lottery superintendent Michael Jones and the Northstar Lottery Group are at odds. Northstar is the private management consortium named in the fall of 2010 to run the Illinois Lottery. The source of the disagreement is a preliminary draft of a ruling this week from a mediator assigned to determine whether Northstar should have to pay a penalty for failing to meet stipulated profit goals in its private management agreement with the state. By its own accounting Northstar, comprised o
Sep 14, 2012, 8:09 am - Lottery News

GTECH launches lottery developer networkNews Story
GTECH Corp. has launched the lottery developer network, a game development program, which it says lays the foundation for significant advancement within the lottery industry. The gaming subsidiary of Rome's Lottomatica Group SpA described its LDN project as the lottery industry's first open-development platform. The platform enables casual and social game developers to work to build games on their own, which can later be offered for real-money gaming on official and regulated lottery plat
Sep 11, 2012, 11:58 am - Lottery News

Illinois Lottery privatization announcement expected WednesdayNews Story
Southtown Star Editorial Illinois Gov. Pat Quinn is about to make a billion-dollar decision to which most of us haven't paid much attention. For months, consortiums and companies have been working behind the scenes to become the jackpot winner of a prize that will set an international gambling precedent. Illinois is soon to become the first in the United States to turn over its state lottery operations to a privately owned company. How this experiment progresses undoubtedly will set preced
Sep 14, 2010, 8:08 am - Lottery News

3 companies bid to run lucrative Texas LotteryNews Story
Three major gambling companies entered the competition by Tuesday to run Texas' lottery a massive operation that could pay $100 million per year to the winning bidder. Scientific Games Corp., Intralot Inc. and GTECH Corp., which holds the current Texas operations contract, submitted cost proposals for the games, said Texas Lottery Commission spokesman Bobby Heith. All are prominent companies in the lottery and gambling business worldwide and frequently compete with one another for U.S. sta
Jul 1, 2010, 9:24 am - Lottery News

Tatts Group buys New South Wales lottery for A$850mNews Story
The state government of New South Wales has sold its lotteries business to Tatts Group for A$850m (US$764m) after an auction process that attracted both Australian and international bidders. The total proceeds of the sale will exceed A$1bn after A$160m of cash and other assets from NSW Lotteries are transferred to the government. Melbourne-based Tatts, which operates lottery businesses in three Australian states and two territories, faced competition from a consortium led by Ontario Teachers'
Mar 3, 2010, 9:15 am - Lottery News

Lottery giant GTECH lays off 31 R.I. employeesNews Story
Lottery giant GTECH Corp. laid off 31 employees in Rhode Island two weeks ago as part of a larger round of worldwide cuts by its parent company, a spokesman said Tuesday. The job cuts took place on Nov. 17 at a number of the company's facilities in the state, said Robert Vincent, senior vice president for corporate affairs at GTECH, a subsidiary of the Italian company Lottomatica SpA. The parent company eliminated about 80 positions across its divisions, he said. Like most good companies,
Dec 1, 2009, 8:42 pm - Lottery News

GTECH chosen as preferred bidder for N.Y. LotteryNews Story
Italian gaming company Lottomatica SpA said Sunday its wholly-owned subsidiary, GTECH Corporation, has been chosen as the preferred bidder to negotiate a seven-year contract with the New York Lottery to provide new online lottery solutions and services. In a statement, Lottomatica said the contract can be extended for an additional three years. The New York Lottery estimates the total value of the contract to be more than $550 million over the contract period. The proposed contract, whi
Mar 23, 2009, 1:42 pm - Lottery News

Kansas Lottery officials mull GTECH systems failureNews Story
Kansas Lottery officials already had more than their hands full with the selection of gaming license applicants for their four casinos so they really didn't need another problem. But, there it is: a casino data systems failure from GTECH, the Providence-RI-based firm that manages the state's lottery activities. It was defective software, pure and simple, said Ed Van Petten, lottery executive director, in describing the systems failure. GTECH, a former publicly-traded American company, was
Jul 15, 2008, 11:00 pm - Lottery News

GTECH awarded Pennsylvania, West Virginia lottery contractsNews Story
Lottomatica SpA said its wholly-owned subsidiary GTECH has been told by the Pennsylvania State Lottery of its intent to award GTECH a 5-year contract to provide online and instant integrated services. The proposed contract, which is expected to kick in in January 2009, includes five 1-year extension options exercisable at the Lottery's discretion. The Pennsylvania Lottery ranks sixth in the US in terms of total lottery sales, with revenues of $3.076 billion in its most recent fiscal year.
Jan 16, 2008, 10:39 am - Lottery News