Pennsylvania will not privatize lottery
Pennsylvania is scrapping a deal with a U.K.-based company to privatize management of the state's lottery system, Governor Tom Corbett said on Monday.
The state struck a deal more than a year ago with Camelot Global Services LLC, a subsidiary of Britain's national lottery operator, Camelot Group PLC, to guarantee $34.6 billion in payments to the state over 20 years to manage the Pennsylvania lottery.
But Corbett's administration repeatedly had to extend the contract after Pennsylvania Atto ...
Dec 31, 2013, 8:43 am - Lottery News forum
Pennsylvania Senate may work privatization deal
But solution may not come until 2014
There is broad support among Senate Republicans to give the governor authority for a private company to manage the Pennsylvania Lottery and legalize electronic games such as keno to boost state revenue, the Senate majority leader said on Monday.
But quick action in the Legislature appears unlikely, said Sen. Dominic Pileggi, R-Delaware County. He didn't rule out a vote on Tuesday but noted long odds against that happening. Many senators want further vet ...
Dec 10, 2013, 7:57 am - Lottery News forum
Pa. Gov. extends lottery privatization contract
Gov. Tom Corbett's administration will continue its examination into the privatization of the management of the Pennsylvania Lottery for two more months.
The administration announced Tuesday that United Kingdom-based Camelot Global Services has agreed for an 11th time to extend its bid's expiration date, which was set to expire today. It now is good through Dec. 31.
Camelot, the lone company to submit a bid, committed to generating $34.6 billion in profits to fund lottery-funded programs f ...
Oct 30, 2013, 11:30 am - Lottery News forum
Pa. Gov. defends lottery privatization exploration
If privatizing the Pennsylvania Lottery's management isn't the answer to ensuring reliable and predictable funding for programs for older Pennsylvanians, what is?
That's the question that a spokesman for Gov. Tom Corbett raised in responding to state Treasurer Rob McCord call on Monday to pull the plug on the administration's lottery private management agreement (PMA) pursuit.
Our need is outpacing our ability to fund those programs, said Corbett press secretary Jay Pagni. The PMA is a ve ...
Oct 29, 2013, 8:10 am - Lottery News forum
Pa. Lottery privatization pursuit nears another deadline
Treasurer Rob McCord urges Corbett to drop the idea
The price tag for exploring Gov. Tom Corbett's idea for outsourcing management of the Pennsylvania Lottery has crossed the $4 million threshold and is marching toward the $5 million mark.
Recent revisions to the contract with the administration's outside legal advisers, DLA Piper, alone now allow it to be paid as much as $3.4 million.
That is up from the original $375,000 cap set when the firm was hired in March 2012 and has steadily r ...
Oct 28, 2013, 8:45 pm - Lottery News forum
Ireland National Lottery to be sold for €405M
An Post and the operators of the UK National Lottery are in line for a 405m (US$551.6 million) buyout of the Ireland National Lottery after Public Expenditure Minister said the consortium was the preferred applicant.
Brendan Howlin said the bid by Premier Lotteries Ireland, a consortium consisting of An Post and its pension funds and the Camelot group who operate the UK lottery, had met the Essential Requirements and has submitted the highest License Fee proposal .
Discussion on finalizing ...
Oct 3, 2013, 4:27 pm - Lottery News forum
Outsourcing Pa. Lottery management bid deadline draws near
Pennsylvania Gov. Tom Corbett once again finds himself days away from having to make a decision about what to do about his plan to privatizing the management of Pennsylvania Lottery.
The latest extension of a bid from United Kingdom-based Camelot Global Services, the only company to submit a bid to do this work, expires on Friday. It is the ninth extension to the bid's expiration date originally set to expire Dec. 31.
As of Wednesday morning, there was still no decision to accept it, rejec ...
Aug 28, 2013, 12:38 pm - Lottery News forum
Deal to let British firm run Pa. lottery still alive
The Corbett administration's deal with a British firm to run the Pennsylvania Lottery will remain alive at least for another month.
Administration officials said Tuesday that Camelot Global Services had agreed to extend through Aug. 30 its bid to manage the lottery. Corbett's office has sought a series of extensions since state Attorney General Kathleen Kane ruled in February that the lottery deal violated the state constitution.
Among other things, Kane said, lawyers on her staff had dete ...
Jul 31, 2013, 7:11 pm - Lottery News forum
Bid to privatize Pa. Lottery's management extended by a week
The British firm that is seeking to take over management of the Pennsylvania Lottery's management for the next 20 to 30 years has agreed to extend its bid's expiration date by a week.
The bid from Camelot Global Services was due to expire on Sunday.
Gov. Tom Corbett mentioned the extension during his post-budget news conference.
In its bid that originally was to expire Dec. 31 and has been extended now seven times, Camelot committed to generating lottery profits of $34.6 billion over th ...
Jul 2, 2013, 9:36 am - Lottery News forum
Pa. Gov. expected to resubmit lottery deal
Pennsylvania Governor Tom Corbett plans to ask Attorney General Kathleen Kane's office to reverse its rejection of a contract with a British firm to manage the $3.5 billion Pennsylvania Lottery, a top lawmaker said Tuesday.
Senate President Pro Tempore Joe Scarnati said administration officials told him Monday that they are making changes in the contract with London-based Camelot Global Services that Kane rejected last month over concerns that parts of it contravene the state constitution or ...
Mar 15, 2013, 2:46 pm - Lottery News forum