N.J. considering privatizing lottery
Gov. Corzine approach to N.J. financial woes: sell everything, including the lottery
State officials are studying whether selling the New Jersey Lottery to a private company can reap big money for cash-strapped state coffers, Treasurer Bradley Abelow said yesterday.
Abelow said letting a private firm buy the lottery and collect its substantial winnings is one idea gaining favor as part of a year-long review of whether the state should sell or lease public assets such as the New Jers ...
Nov 2, 2006, 8:53 am - - Lottery News forum
GTECH explains pricey N.J. Lottery contract
Seeking to justify a price tag of nearly $32 million more than a competitor to run the New Jersey's lottery for the next five years, representatives of the state's lottery operator said Wednesday that their system is more convenient for vendors and would result in less down time and lost revenues for the state.
Representatives for GTech, which won a new contract despite bidding $106.7 million to Scientific Games' $75 million, said the higher price comes with more assurance that its terminals ...
Oct 12, 2006, 2:48 pm - - Lottery News forum
UK Lottery opens bidding for 10-year license
The United Kingdom National Lottery opened the competition for a ten-year license to run the operation on Thursday.
The license is currently held by Camelot, which has run the lottery under two licenses since its launch in 1994, and will also be bidding for this, the third.
Industry sources told Reuters on Thursday that Ladbroke and BSkyB were among a number of companies looking at how they might be involved, but it was early days.
Other companies that have shown an interest include Cab ...
Jun 29, 2006, 10:00 am - - Lottery News forum
Lottery Giant Targets European Market
Scientific Games, a dominant player in the US instant lottery ticket market, is jockeying for a larger stake in Europe after buying a British maker of betting terminals last month.
The traditional lotto market has matured in Europe, the chief executive of Scientific Games, Lorne Weill, said.
Growth needed to come from other product areas, such as instant scratch tickets and video lottery terminals.
Instant lottery tickets are a high-growth market. In Italy, annual sales of instant ...
May 9, 2006, 6:50 am - - Lottery News forum
Intralot wins Idaho Lottery from larger rival Gtech
The Idaho Lottery will have a new vendor starting next February after a Greek company that's expanding in the U.S. won a $30 million contract to run the state's scratch ticket and online gaming system from a larger rival.
Intralot USA, a Georgia-based unit of Athens, Greece-based Intralot, beat out Rhode Island-based GTech by promising better service for instance, Idaho's online games, including Powerball, will run 24 hours a day under Intralot, up from the previous 22 hours and a more-at ...
May 3, 2006, 8:36 am - - Lottery News forum
N.C. Lottery Commission Awards Vendor Contracts
The North Carolina Education Lottery Commission awarded contracts for both instant-win tickets and lotto-style games to GTECH Holdings Corp. on Monday. The deals were estimated to be worth $19.2 million in the first year alone.Tom Shaheen, executive director of the lottery, said the selection process was fair, comprehensive, had the greatest integrity and achieved the best result. He said he felt good about the selection, adding: I think we have a really strong company. GTECH, which is headqua ...
Jan 31, 2006, 6:50 am - - Lottery News forum
N.C. Lottery could pick vendors today
North Carolina lottery commissioners meet Monday and could pick winning vendors to operate the state's scratch-off ticket games and online, or automated, numbers games.Rivals Scientific Games and G-TECH Holdings each filed bids for both vendor contracts.Each seven year contract could generate millions of dollars in revenue annually for the winner.Four agencies filed bids Friday to land the advertising account for the North Carolina Education Lottery.Lottery executive director Tom Shaheen wants t ...
Jan 30, 2006, 6:55 am - - Lottery News forum
N.C. lottey commission to announce vendor choice
A controversial decision is due next week from North Carolina's lottery commission.The state will choose which company provides the actual games like scratch-off tickets.But one company may be in trouble with the law. The lottery commission has faced questions about gaming company Scientific Games for months. I think the question is do they want to bid? And second, if they do bid are they able to handle a lottery this big? I don't know the answer to this but we're open to all bidders, Dr. Charl ...
Jan 24, 2006, 10:21 am - - Lottery News forum
N.C. Lottery will start on schedule, director says
Officials charged with starting a lottery in North Carolina said yesterday that they hope to award two major contracts by Feb. 2, despite a lawsuit intended to stop them.The officials also said they will soon contract with the state's Alcohol Law Enforcement Division to provide agents to screen lottery retailers. We're developing momentum in getting this going, said Charles Sanders, the former Glaxo chairman who heads the N.C. Lottery Commission.Officials have set April 5 as the target date to ...
Jan 9, 2006, 11:00 am - - Lottery News forum
Texas lottery officials concerned about sale of GTECH
The Rhode Island company that operates many of the Texas lottery's most popular games is up for sale, and state officials are looking to hire an independent law firm to help them ensure that any potential buyer is committed to upholding the company's contractual commitments.Lottery officials told a legislative oversight panel this week that Gtech Corp., which has been under contract to the state agency since the lottery was established in 1992, has received an acquisition offer from an unnamed g ...
Nov 16, 2005, 11:25 am - - Lottery News forum
