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TagResults 31 - 40 of 83 for privatize lottery. (0.01 seconds)

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

Illinois Lottery run by private company starting Friday
Illinois' private lottery manager takes over operations Friday, with both the company and the state envisioning greatly increased sales and more money for state coffers. Although Northstar Lottery Group formally assumes the reins July 1, the transition to private management has been under way for some time. Regular players have seen new signage and the rollout of new games in recent weeks, but otherwise shouldn't notice a difference if they buy lottery tickets after the first of the month. ...
Jun 30, 2011, 8:21 am - Lottery News forum

Ohio Lottery privatization critics getting louder
A chorus of critics across the political spectrum is rising up against plans by Ohio Republicans to privatize day-to-day operations of the state lottery and expand its reach into slots-like video lottery terminals at horse tracks. On June 17, the American Policy and Ohio Roundtables condemned an agreement between the state and Rock Ohio Caesars, the operator of planned casinos in Cleveland and Cincinnati. The conservative policy groups, which opposed the 2009 constitutional amendment that bro ...
Jun 22, 2011, 10:57 am - Lottery News forum

Ohio Senate bill includes privatizing lottery
Critics say gaming corp. drafted language The Ohio Senate's latest version of the state budget bill includes language to privatize the Ohio Lottery that is nearly identical to legislation drafted by a gaming company hoping to manage the $2.5 billion agency's day-to-day operations. The language, drafted by GTECH, an industry giant that once ran the Ohio Lottery's back-office operations, was added to the massive budget bill virtually unchanged and without any public hearing. The inclusion of ...
Jun 2, 2011, 7:21 am - Lottery News forum

Spain to privatize lottery
The Spanish government is close to selecting three advisers to help it sell shares in national lottery Sociedad Estatal de Loter as y Apuestas del Estado SA that could raise as much as $10.62 billion. The choice of strategic, financial and legal advisers could be announced as soon as Tuesday, Aurelio Mart nez, chairman of Loter as y Apuestas del Estado, said in an interview. The mandates are considered prestigious for consulting firms, investment banks and law firms, even if the fees involved ...
May 24, 2011, 7:03 am - Lottery News forum