Tatts Group buys New South Wales lottery for A$850m
The state government of New South Wales has sold its lotteries business to Tatts Group for A$850m (US$764m) after an auction process that attracted both Australian and international bidders. The total proceeds of the sale will exceed A$1bn after A$160m of cash and other assets from NSW Lotteries are transferred to the government.
Melbourne-based Tatts, which operates lottery businesses in three Australian states and two territories, faced competition from a consortium led by Ontario Teachers' ...
Mar 3, 2010, 9:15 am - - Lottery News forum
Not "mentally ready", lottery winner waits six months to claim jackpot
A 48-year-old small businessman from Newcastle, NSW [Australia], has waited six months for the right psychological moment to claim a $2 million (US$1.65 million) Lotto prize won in January.
I'm a bit of a crazy sort of bloke. I had the winning ticket in a tin in a safe spot so there was no rush, the winner told stunned NSW Lotteries officials today.
I actually thought about leaving it another couple of months. There was something about claiming that much money that I wasn't ready for, I ...
Aug 22, 2009, 8:26 pm - - Lottery News forum
Two winners to share record A$106 million Australian lottery
A couple from Queensland state and a man from South Australia will share more than A$106 million (US$86 million) as the only jackpot winners in the nation's record lottery drawn last night.
Holders of the winning Oz Lotto entries, who asked to remain anonymous, will each take about A$53 million in the second-largest single payouts in Australian lottery history. The previous record jackpot of A$58.7 million was won on a single ticket last year.
The first division prize pool, created after 1 ...
Jul 1, 2009, 2:00 am - - Lottery News forum
Woman checks old lottery ticket, wins $10 million
An Australian student worried about her parents' money problems rifled through a pile of her lottery tickets Thursday and discovered that she had won 13 million Australian dollars (US$10 million) 10 months ago, a state lottery agency said.
The student, living in the west coast city of Perth, received the winning ticket for a draw on July 22 last year as a gift from her father, Western Australia state agency Lotterywest said.
By discovering her parents' financial worries were over, the luck ...
May 28, 2009, 11:04 am - - Lottery News forum
Winning lottery ticket saved from shredder
An Australia man who unknowingly kept a winning lottery ticket worth $100,000 in a drawer for five years said he was close to putting it through the shredder.
The anonymous winner got the shock of his life when he was told the old ticket had netted him first prize in a $2 million jackpot lottery draw, back in March 2001.
The man said he had been planning to get rid of the unchecked tickets he had amassed during his 30 year lottery hobby.
I've had a drawer full of unregistered lottery t ...
Mar 11, 2008, 2:18 pm - - Lottery News forum
Man wins, then loses, then wins lottery
An Australian retiree won a $1.8 million lottery prize, then lost it, and then won it again Wednesday through a court ruling.
Werner Reinhold bought the lottery ticket at a newsstand in Australia's largest city of Sydney on Sept. 19, 1995. His original ticket did not print correctly, so he asked for a new one, which turned out to be the winner.
But when Reinhold, now 73, went back to claim the $1.8 million jackpot, he discovered that the replacement ticket had been canceled, not the mispri ...
Feb 1, 2008, 9:50 am - - Lottery News forum
How a lottery thief got away with the crime
When backpackers Caroline Day and Mei-Yin Lee discovered they had won Lotto they rang home from the newsagency. It was after one in the morning in Britain but Ms. Day wanted to share the news with her mother.
During that joyous phone call, they calculated they had won about 220,000 (US$300,000).
But three weeks later when Dr. Lee rang NSW Lotteries to inquire about the money, a bold fraud by an employee at the newsagency came to light and it would be another 27 months before the pair ...
May 7, 2007, 2:53 pm - - Lottery News forum
Australian lottery sale proposal 'a gamble'
A NSW opposition plan to sell NSW Lotteries to help pay for drought projects would amount to a gamble on the security of the state's water resources, Premier Morris Iemma says.
Opposition Leader Peter Debnam wants to sell NSW Lotteries, from which the government earned $381 million in 2005/06, to help pay for a $1 billion drought-proofing water fund.
It's expected a coalition government would earn around $800 million from the sale, details of which Mr Debnam will finalise after consulting ...
Dec 11, 2006, 7:45 am - - Lottery News forum
Lottery scams target big-spending Australians
Overseas lottery scams are flourishing and Australians are being sucked in, many of them losing thousands of dollars, the Australian Consumer Fraud Taskforce (ACFT) says.
Lottery scams, in which people are asked to pay a fee and give personal information to access winnings from a bogus lottery, are one of the most reported confidence tricks nationwide.
ACFT chair Louise Sylvan said poorer consumers were attracted to the scams, which had increased at an alarming rate in recent years.
Th ...
Feb 14, 2006, 12:24 pm - - Lottery News forum
Embattled lottery pyramid scheme slammed by Australian court
World Games Inc. (WGI), a loosely-based international company that has been on the run from legal authorities around the world for several years, was found to be in violation of the 1974 Trade Practices Act by the Australia Full Federal Court for organizing an international lottery pyramid scheme.The court's ruling was directed at Gold Coast company Worldplay Services Pty. Ltd., a corporate entity that is tightly coupled with WGI.The decision also upheld that Greg Kennedy, the company s director ...
May 10, 2005, 8:57 am - - Lottery News forum
« Previous1Next »
