Camelot beats off rivals to win UK Lottery for next 12 years
The UK national lottery is to be run by incumbent operator Camelot for the next 12 years after the group persuaded regulators it was more likely to meet the funding demands of the London Olympics and other good causes than outsiders Sugal Damani, an Indian conglomerate.
Camelot was selected as preferred bidder for the 10-year license, starting from 2009, even though the National Lottery Commission said some of the operator's projections particularly its pledge of average yearly sales of ...
Aug 9, 2007, 8:39 am - - Lottery News forum
N.M. Lottery approves raffle, ends game, and hires new vendor
The New Mexico Lottery's board of directors was busy yesterday, approving a new raffle-style game for later this year, canceling the unique 4 this way 4-digit game, and ending an 11-year relationship with its current equipment and services vendor.
Finishing a two-year process to analyze its business needs, identify revenue growth opportunities and evaluate vendor capabilities, the New Mexico Lottery yesterday selected Intralot to provide a computerized gaming system, communications network ...
Jul 27, 2007, 8:22 pm - - Lottery News forum
Indiana Lottery privatization on hold
Gov. Mitch Daniels said Friday he is putting off but not giving up on his hopes of privatizing the Hoosier Lottery and wants a yearlong, statewide conversation on how best to spend the $2 billion or more the lease could bring.
Daniels said 10 companies, mostly American firms, have submitted nonbinding bids to lease the Hoosier Lottery. Half of those, he said, are north of a billion and a half, with two offers well over twice as big as the $1 billion the state had estimated it could rece ...
Apr 23, 2007, 10:07 am - - Lottery News forum
Indiana Lottery privitization takes big step forward
Indiana Gov. Mitch Daniels' plan to privatize the state lottery took a major step forward Tuesday when a key Senate fiscal panel narrowly approved the proposal.
The 7-5 vote came after educators and business leaders lined up to support leasing the Hoosier Lottery to a private operator in exchange for $1 billion toward a life sciences initiative and scholarships meant to keep smart Hoosier kids in Indiana.
One Republican joined the four Democrats on the committee to vote against the measure ...
Feb 21, 2007, 8:36 am - - Lottery News forum
Indiana Lottery sell-off advances in state Senate
Correction: This story originally identified Kentucky as the state selling off its lottery. We apologize for the error.
A Senate committee approved legislation yesterday to privatize the Hoosier Lottery after university officials said they needed the money it would generate to attract top researchers and boost life sciences.
We believe this bill is a difference maker, said Purdue University President Martin Jischke.
Senate Bill 577 passed 7-5 largely along party lines, with Republi ...
Feb 21, 2007, 8:11 am - - Lottery News forum
Will Maryland sell off its lottery?
With a huge cash crunch on the horizon and soaring demands for school construction, new roads and mass transit, some Maryland lawmakers are talking up the idea of selling one of the state's most valuable assets: the lottery.
The idea has grown popular since the governor of Illinois proposed doing the same thing last year. The governors of Indiana and Texas have suggested similar moves, and discussions of the idea are taking place in Michigan and New Jersey.
Maryland faces a gap of $1.3 bil ...
Feb 15, 2007, 12:15 pm - - Lottery News forum
Company proposes new pooling lottery ticket to fight 'jackpot fatigue'
An Arizona company has designed a new lottery ticket concept that would enter the purchaser in a pool with other lottery players, at the same time entering chances that are not part of the pool.
The company claims that the increased number of chances to win will combat jackpot fatigue, a sense of dimished player excitement over large jackpots leading to lower ticket sales.
The company hopes to attract state lotteries with its promise of higher sales. According to the company's press reles ...
Feb 9, 2007, 7:00 pm - - Lottery News forum
Texas Gov. proposes selling the lottery
Texas Gov. Rick Perry said Thursday that his State of the State address on Tuesday would include a plan to fully privatize the Texas Lottery by selling it to private interests.
Perry said such a sale would raise substantial funds that could be used for health care and research.
Other states, including Illinois and Indiana, are looking into the concept, which allows a state to collect a large lump sum to replace future lottery revenue.
The proposal is likely to be controversial because t ...
Feb 2, 2007, 5:46 pm - - Lottery News forum
Company running most lottery games worldwide has history of scandal
The company behind the more than 16,000 machines that spit out New York Lottery tickets has been linked to scandals across the country and around the globe.
Bribery allegations led a co-founder to quit his job as chairman. Its lobbyists have run afoul of the law in several states, including New York. Former government officials have received lucrative consulting contracts.
And in summer 2006, an investigation in Texas found that the company, GTECH Holdings Corp., doled out tens of millions ...
Jan 31, 2007, 5:30 am - - Lottery News forum
Despite strong opposition, Indiana moves ahead with selling lottery
Indiana is considering a Wall Street investment firm to help it pull together a plan to lease the Hoosier Lottery, despite legislative skepticism that could kill the deal.
Gov. Mitch Daniels said Friday the administration is negotiating a contract with Morgan Stanley to test the market. A similar contract with Goldman Sachs Co. to market the Indiana Toll Road last year was worth about $20 million.
The Toll Road eventually was leased for 75 years for $3.8 billion, and the state has esti ...
Jan 23, 2007, 10:45 am - - Lottery News forum
