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TagResults 31 - 40 of 87 for privatize lottery. (0.02 seconds)

Democrats take aim at bid to privatize Pa. lottery
Democratic lawmakers are taking aim at GOP Gov. Tom Corbett administration's move to privatize the Pennsylvania Lottery's management, saying it is shrouded in secrecy and will result in a corporate giveaway that diverts hundreds of millions of dollars from the state's services for the elderly. In a Friday letter, Senate Minority Leader Jay Costa, D-Allegheny, asked Corbett for a slew of documents, including the proposed management agreement between the state and Britain-based Camelot Global S ...
Dec 7, 2012, 8:00 am - Lottery News forum

UK Lottery operator bids for Pennsylvania lottery
Pennsylvania received one bid in response to its search for a private manager to run the state's lottery system, officials announced Tuesday. Gov. Tom Corbett's administration announced on Tuesday that a priced bid and 20 years' worth of annual profit commitments has come in from United Kingdom-based Camelot Global Services PA LLC. Camelot, the firm that currently operates the United Kingdom's lottery, was the only company to submit a bid outlining how much revenue it pledged to raise over ...
Nov 20, 2012, 6:30 pm - Lottery News forum

GTECH picked to run Indiana Lottery
The Hoosier Lottery board voted Wednesday to hire a private company to oversee sales, marketing and other operations with the goal of earning the state about $2.1 billion in additional revenue through 2028. The board chose Rhode Island-based GTECH which provides similar services to the Illinois lottery and provides some computerized game services in Kentucky at the recommendation of Hoosier Lottery officials, who conducted an expansive review of the two companies vying for the 15-year contrac ...
Oct 3, 2012, 8:19 pm - Lottery News forum

NJ moves to privatize lottery sales, marketing
Four companies interested in running portions of the New Jersey Lottery attended a mandatory information session in Trenton last Thursday, the first step toward privatization. The state Treasury Department is looking to hand over sales and marketing operations to a private vendor next year. The state would retain ownership of the lottery under the plan, and state employees would continue to manage its operations though those jobs are not guaranteed. New Jersey has the eighth largest state ...
Sep 11, 2012, 12:24 pm - Lottery News forum

Hoosier Lottery director offers reassurances on outsourcing
Indiana won't turn its lottery over to a private company if bidders don't meet the state's high standards, the executive director of the Hoosier Lottery said Friday. The state has been seeking bids on a 10-year contract to run the Hoosier Lottery. Executive Director Karl Browning released a statement Friday, a day after a spokeswoman for Camelot Global Services, which runs the national lottery in Great Britain, told The Indianapolis Star it dropped out because the state's process encourages b ...
Sep 8, 2012, 8:49 am - Lottery News forum

Penn. Lottery gets advice from Illinois on privatization
State trying to decide if privately operating the lottery is right approach Pennsylvania is currently looking into privatizing its lottery, but one official with the Illinois lottery, the only private system in the nation, is warning the commonwealth to carefully plan how it would choose a company to manage day-to-day operations. Illinois Lottery Superintendent Michael Jones says in the Land of Lincoln, potential overseers had to estimate how much money they'd be able to bring into the lot ...
Aug 9, 2012, 7:42 am - Lottery News forum

Report: Ill. lottery manager short $100M on profit
The Illinois Lottery's private manager fell nearly $100 million short of the profits it promised to deliver for the state. But the Chicago Tribune reported Tuesday that revenues generated by Northstar Lottery Group still set an Illinois record. Illinois has fallen behind other state lotteries for years. Northstar promised $825 million in net revenue when it took over the lottery in July 2011. A Tribune analysis found it had collected $726 million by the end of June. That could mean hund ...
Aug 2, 2012, 9:34 am - Lottery News forum

Indiana lottery to outsource some operations
The Indiana State Lottery Commission is asking companies to bid on taking over some of its operations. The commission Tuesday issued a solicitation for companies to bid by Aug. 31 on taking over the sales, distribution and marketing of the lottery, a state agency whose income has shrunk in recent years. It expects to sign a 10-year contract by Nov. 1. Lottery spokesman Al Larsen said the Lottery Commission will retain certain duties, including overall oversight of the lottery, rulemaking a ...
Jul 11, 2012, 10:24 am - Lottery News forum

Penn. Lottery seeking outside help for marketing efforts
'The lottery would not be sold nor will it be fully privatized' An aging population's increased demand for services and the need for stable funding for those programs sparked Gov. Tom Corbett administration's decision to seek private managers for the Pennsylvania Lottery, senior administration officials told a House oversight committee Tuesday. By 2030, a quarter of Pennsylvanians will be 65 years or older, and the lottery, which had sales of $3.2 billion during the 2010-11 fiscal year, wi ...
Apr 5, 2012, 10:27 am - Lottery News forum

Washington Gov. proposes privatizing state's lottery
Washington Gov. Chris Gregoire on Thursday floated the idea of privatizing the state lottery system as a way to bring in more money for education. I want to be clear: I am not proposing that the lottery expand gambling, Gregoire said at a news conference. Private-sector operation of the lottery would be the lottery that we have today. She wants the Legislature to approve having the lottery solicit proposals from private vendors to run the operation. The idea would be to see if the pri ...
Dec 16, 2011, 8:49 am - Lottery News forum