Ireland National Lottery to be sold for €405M
An Post and the operators of the UK National Lottery are in line for a 405m (US$551.6 million) buyout of the Ireland National Lottery after Public Expenditure Minister said the consortium was the preferred applicant.
Brendan Howlin said the bid by Premier Lotteries Ireland, a consortium consisting of An Post and its pension funds and the Camelot group who operate the UK lottery, had met the Essential Requirements and has submitted the highest License Fee proposal .
Discussion on finalizing ...
Oct 3, 2013, 4:27 pm - Lottery News forum
Outsourcing Pa. Lottery management bid deadline draws near
Pennsylvania Gov. Tom Corbett once again finds himself days away from having to make a decision about what to do about his plan to privatizing the management of Pennsylvania Lottery.
The latest extension of a bid from United Kingdom-based Camelot Global Services, the only company to submit a bid to do this work, expires on Friday. It is the ninth extension to the bid's expiration date originally set to expire Dec. 31.
As of Wednesday morning, there was still no decision to accept it, rejec ...
Aug 28, 2013, 12:38 pm - Lottery News forum
Deal to let British firm run Pa. lottery still alive
The Corbett administration's deal with a British firm to run the Pennsylvania Lottery will remain alive at least for another month.
Administration officials said Tuesday that Camelot Global Services had agreed to extend through Aug. 30 its bid to manage the lottery. Corbett's office has sought a series of extensions since state Attorney General Kathleen Kane ruled in February that the lottery deal violated the state constitution.
Among other things, Kane said, lawyers on her staff had dete ...
Jul 31, 2013, 7:11 pm - Lottery News forum
Bid to privatize Pa. Lottery's management extended by a week
The British firm that is seeking to take over management of the Pennsylvania Lottery's management for the next 20 to 30 years has agreed to extend its bid's expiration date by a week.
The bid from Camelot Global Services was due to expire on Sunday.
Gov. Tom Corbett mentioned the extension during his post-budget news conference.
In its bid that originally was to expire Dec. 31 and has been extended now seven times, Camelot committed to generating lottery profits of $34.6 billion over th ...
Jul 2, 2013, 9:36 am - Lottery News forum
New Jersey Lottery signs 15-year deal with Northstar NJ
Private company to take over marketing, sales, other functions
Scientific Games Corporation today announced that Northstar New Jersey Lottery Group, LLC ( Northstar NJ ) has signed a long-term agreement to provide marketing, sales and other services to the New Jersey Lottery.
Services under the agreement are expected to begin on October 1, 2013 following a transition period and end on June 30, 2029.
Northstar NJ is a joint venture comprised of Scientific Games New Jersey LLC, a subsidia ...
Jun 21, 2013, 9:44 am - Lottery News forum
Union fails to derail NJ Lottery's privatization effort
But union still trying to overturn on appeal
The Christie administration is allowed move forward with its plan to have a private firm to take over parts of the New Jersey lottery after a state appellate court denied a request by the state's largest public workers union to block the deal.
But the court said it will speed up the process of hearing the Communication Workers of America's appeal of the contract.
It's the latest development in an ongoing, partisan debate over the future of th ...
Jun 12, 2013, 11:22 pm - Lottery News forum
N.J. treasurer says lottery privatization plan won't lead to layoffs
Plan may actually double the size of sales staff
The New Jersey state treasurer today defended the Christie administration's plan to privatize parts of the New Jersey Lottery and said he does not anticipate it leading to layoffs.
Andrew Sidamon-Eristoff appeared in front of the state Assembly Budget Committee in Trenton to publicly discuss the plan which has drawn staunch opposition from New Jersey's Democratic state lawmakers and U.S. congressmen for the first time.
We can re-energize ...
Apr 25, 2013, 6:42 pm - Lottery News forum
NJ Gov. slams Democrat tactics to derail lottery plan
New Jersey Gov. Chris Christie referred to some New Jersey federal lawmakers' insistence that the U.S. Attorney General conduct a formal review of his lottery privatization plans as naked partisanship.
The governor blasted six New Jersey congressmen's decision to send the letter requesting a review by the Justice Department, saying Thursday that it amounts to nothing more than a campaign stunt for Christie's presumed Democratic gubernatorial challenger.
They might as well just put a 'Buo ...
Apr 19, 2013, 10:33 am - Lottery News forum
NJ Democrats want Justice Department to review lottery privatization plan
Unhappy with the state's decision to push ahead with its plan to partially privatize the New Jersey Lottery, a group of Garden State lawmakers have decided to make a federal case of the conflict. On Wednesday, half of New Jersey's congressional delegation asked U.S. Attorney General Eric Holder to review the administration's scheme to see if it complies with federal law.
The six Democratic congressmen cosigned a letter to Holder, asking him to determine whether the $120 million payment the st ...
Apr 18, 2013, 3:25 pm - Lottery News forum
Pa. Gov. expected to resubmit lottery deal
Pennsylvania Governor Tom Corbett plans to ask Attorney General Kathleen Kane's office to reverse its rejection of a contract with a British firm to manage the $3.5 billion Pennsylvania Lottery, a top lawmaker said Tuesday.
Senate President Pro Tempore Joe Scarnati said administration officials told him Monday that they are making changes in the contract with London-based Camelot Global Services that Kane rejected last month over concerns that parts of it contravene the state constitution or ...
Mar 15, 2013, 2:46 pm - Lottery News forum