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TagResults 81 - 90 of 478 for Financials. (0.04 seconds)

Anniversary: N.D. Lottery reflects back on last four years
Four years ago today, North Dakota launched it's own lottery. At the time only Powerball was available for purchase in the state. Since then, three new games have been added. Each one of the North Dakota Lottery's games are run by the Multi-State Lottery Association (MUSL), which is famous for creating the first nation-wide multi-state lottery game, Powerball (formerly Lotto America). The North Dakota Lottery does not conduct any of the drawings itself. It's estimated by June 13th of ...
Mar 26, 2008, 12:12 pm - Todd - Lottery News forum

Calif. Lottery Director explains expensive party
Travel budget cut to offset event cost The director of the California Lottery said she would cut her staff's conference travel budget to offset $50,000 in taxpayer money spent on a questionable employee-recognition party that was the focus of a state Senate hearing Tuesday. Joan Borucki, who was appointed by Gov. Arnold Schwarzenegger and is up for confirmation in the Senate, testified during an informational hearing by the Governmental Organization Committee that she is in the process of ...
Feb 14, 2008, 5:12 pm - Todd - Lottery News forum

Georgia legislature wants lottery to crack down on bonuses
Lawmakers are moving to increase legislative oversight of the Georgia Lottery Corp. because of anger about the $3 million in employee bonuses the organization handed out last year. The House Higher Education Committee on Thursday passed a bill giving legislative leaders the authority to appoint two-thirds of the Lottery Corp. board. Currently, the governor appoints the board, which oversees the corporation and approves its budget. The legislation, which would require the new board to ap ...
Feb 8, 2008, 8:20 am - Todd - Lottery News forum

Editorial criticizes N.J. Lottery privatization proposal
Privately run lottery faces long odds Home News Tribune Feb. 2, 2008 Give [New Jersey] state Senate President Richard J. Codey credit for trying. Responding to the governor's assurance that he is open to ideas for solving the state's long-term budget woes, Codey, D-Essex, floated the notion of leasing the state's lucrative lottery. The way Codey figures it, the lottery might be worth billions upfront, and it might even produce some ongoing cash for the state if it is able to negotiate ...
Feb 5, 2008, 1:27 am - Todd - Lottery News forum

N.Y. takes first step toward lottery privatization
New York has taken a step toward privatizing the state lottery. The state's Budget Division has started the process of hiring an independent investment adviser to guide Gov. Eliot Spitzer's proposal. Spitzer wants to open the lottery to private investors, using money made on a potential lease to start and sustain an endowment funding the State University of New York system. Spitzer has said any offer must include at least $4 billion in upfront payments. The Budget Division is seeking a f ...
Feb 4, 2008, 10:14 pm - Todd - Lottery News forum

Ohio Gov. plans lottery expansion to increase revenues
Gov. Ted Strickland's plan to boost Ohio's struggling economy anticipates $73 million in new revenue from an expansion of the lottery, which includes a video version of Keno to be offered in bars and other age-controlled venues. The governor said he distinguishes the new games from the video gambling machines outlawed in 2007 because they will be state-monitored, state-controlled and state-regulated. His spokesman, Keith Dailey, said the Keno game is much different from video slot machines ...
Feb 1, 2008, 10:24 am - Todd - Lottery News forum

Calif. Lottery director's job doesn't depend on auditor's report
The California state Senate's decision on confirmation of Joan Borucki as director of the state lottery will be history by the time the state auditor completes its report on a questionable employee recognition celebration. The Senate Rules Committee postponed Wednesday's scheduled hearing for a week while staff gathers information for any committee members who may have questions on the Nov. 8 lottery event, said Alicia Trost, a spokesman for Senate leader Don Perata, D-Oakland. Perata plans t ...
Jan 29, 2008, 11:36 pm - Todd - Lottery News forum

Questions arise about funds used for Calif. Lottery party
The California Lottery handed out a Nintendo Wii, several iPods, digital cameras and gift cards as prizes during a $43,629 employee recognition celebration and charged some of the items as training expenses. During a Nov. 8 event commemorating the $20 billion the lottery has provided education since its 1984 inception, state officials used lottery administration funds to host a prime rib dinner for more than 300 employees and their guests at the DoubleTree Hotel in Sacramento. As part of ...
Jan 25, 2008, 8:24 am - Todd - Lottery News forum

Arkansas lottery plan garners some support
Arkansas Lt. Gov. Bill Halter found support Thursday among Arkansas' city officials for his proposed constitutional amendment to establish a state-run lottery. The proposal, for which supporters are gathering signatures to place on the November general election ballot, would earmark lottery proceeds for college scholarships. Using a football analogy Thursday, Halter pitched his proposal to the winter conference of the Arkansas Municipal League as a way to move Arkansas from mired at or nea ...
Jan 11, 2008, 9:11 am - Todd - Lottery News forum

Tennessee Gov. wants to spend lottery reserve
Excess money would be distributed to school districts Tennessee Gov. Phil Bredesen said Thursday the state lottery's huge cash reserves need to be distributed. Bredesen, a Democrat, has abandoned last year's proposal to create a $100 million pool that would have served as collateral to improve credit ratings for school districts, he told The Associated Press in an interview Thursday. The legislature wanted to spend it, they didn't want to put it aside to enhance credit, Bredesen said. ...
Jan 11, 2008, 7:12 am - Todd - Lottery News forum