GTECH takes half ownership of Chinese lottery firm
Providence, R.I.-based lottery technology company GTECH Global Services Corp., a wholly-owned subsidiary of Italy's Lottomatica S.p.A., has spent $20 million to acquire 50 percent of Tabcorp International Hong Kong Ltd. (TIHK), a Chinese lottery provider.
That 50-percent portion of Tabcorp is being spun into a separate entity and renamed CLS-GTECH Co. Ltd. The new entity is being formed to expand a nationwide KENO system for lotteries throughout China, according to company officials.
Dec 21, 2007, 1:56 pm - Lottery News forum
Nevada Gov. opposes lottery bill
Gov. Jim Gibbons said Monday he opposes amending Nevada's Constitution to permit a state lottery.
I respect recent efforts by some legislators to explore options for new revenue to the state; however, I do not believe it is a proper function of Nevada government to operate a lottery, nor do I think that the state should be in competition with its largest industry, said Gibbons in a prepared statement.
The lottery amendment is in AJR5 introduced last week by Assemblyman Harry Mortenson, D ...
Mar 27, 2007, 9:15 am - Lottery News forum
Nevada Assembly pushing for state lottery
The Nevada State Assembly voted 29-13 Tuesday to take another shot at a constitutional amendment to allow a state lottery.
The proposed amendment has made it through the Assembly more than once in the past, only to die in the Senate. A lottery is about the only form of gambling prohibited by Nevada's Constitution.
AJR5, sponsored by Harry Mortenson, D-Las Vegas, would dedicate any revenue generated from the lottery to public schools. His dedicates the money to purchases of educational equi ...
Mar 22, 2007, 1:12 pm - Lottery News forum
Nevada panel passes lottery proposal
Over the opposition of two major gaming corporations, an Assembly committee voted 8-5 Thursday to let voters decide whether to legalize a state lottery.
All Democrats on the Assembly Constitutional Amendments Committee backed Assembly Joint Resolution 5, while all five Republicans opposed it.
Passage of the resolution in the committee is the first step in a long process before Nevada would join 42 other states in having a state lottery. The measure needs approval by both houses of the Legi ...
Mar 17, 2007, 1:42 am - Lottery News forum
A lottery ticket run to the border
An entertaining story about a jaunt to a bordering state to buy lottery tickets highlights Nevada's lack of a lottery and shoots down the 'regressive tax' theory.It was a typical Wednesday.Up at 4:45 a.m., I got in my morning walk with a friend, then negotiated with my husband to drop off the first set of boys at school (he graciously capitulated) so that I could start the day's adventure early.I put on my favorite hot pink T-shirt with the Black Mountain Community Bank logo, denim overalls, a ...
Dec 9, 2005, 10:06 am - Lottery News forum
Nevada Democrats try to revive lottery plan
Nevada Democrats are trying to breathe life into their state lottery proposal, an idea Senate Republicans say is dead for the 2005 session.Although the resolution was voted down by the Senate Judiciary Committee, Assembly Speaker Richard Perkins, says he's negotiating with Senate Republicans leaders with the hopes of reviving it.The resolution would let the state create a lottery to pay for school supplies and class-size reduction. Democrats say it could bring in as much as 50 million dollars an ...
May 17, 2005, 12:48 pm - Lottery News forum
Nevada Lottery Proposal Killed
Nevada may be a gambling state but a Senate panel decided on a 5-2 vote Thursday that a lottery is one game of chance the state can do without.Sens. Steven Horsford, D-North Las Vegas, and Valerie Wiener, D-Las Vegas, cast the only yes votes as the proposed constitutional amendment for a lottery to fund education was rejected by the Senate Judiciary Committee.AJR2 would have had to pass this session and again in 2007 before going to a vote of the public in 2008. I've only been here seven weeks ...
Mar 25, 2005, 11:06 am - Lottery News forum
Nevada lottery effort unlikely to succeed
An Assembly-backed resolution to let Nevada voters legalize a state lottery could be killed as early as today in the Senate Judiciary Committee.Judiciary Chairman Mark Amodei, R-Carson City, said Wednesday he expects a 4-3 vote either for or against the lottery legalization resolution, Assembly Joint Resolution 2.The Assembly approved the resolution March 7 by a 33-9 vote. But proposals to amend the state constitution and legalize lotteries have failed 23 times since 1975.A poll taken by the Rev ...
Mar 24, 2005, 9:48 am - Lottery News forum
Nevada Assembly passes lottery measure
Passage of Nevada lottery bill is only the first step in a four-year processA resolution to legalize a Nevada state lottery was approved 33-9 Monday in the Assembly after supporters emphasized profits would buy textbooks for schoolchildren. Nevadans already buy lottery tickets, said Assembly Speaker Richard Perkins, D-Henderson. They buy them in California. California kids have schoolbooks. Nevada kids don't. In an earlier hearing, Perkins cited a poll showing that 73 percent of Nevadans suppo ...
Mar 8, 2005, 10:39 am - Lottery News forum
Lottery proposal faces long odds in Nevada
Motivated by a struggling education system, Nevada lawmakers are trying for the 23rd time since 1975 to establish a statewide lottery by amending the Nevada Constitution. They say a history of failures and past opposition by the states dominant casino industry wont keep them from trying again.Advocates say a lotterys potential profits, after prizes and operating expenses are deducted, could generate from $30 million to $70 million each year for education money they say is sorely needed.Nevada ra ...
Feb 28, 2005, 1:02 pm - Lottery News forum