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
N.C. Lottery trial: prosectutor calls ex-commissioner 'crafty'
Former lottery commissioner Kevin Geddings is a very crafty individual who chose to deliberately withhold information about his work for a lottery company, a prosecutor said Wednesday during closing arguments in Geddings' federal fraud trial.
His duty was to the public and not to himself, Assistant U.S. Attorney Dennis Duffy told jurors, who received their instructions Wednesday afternoon and were scheduled to start deliberations Thursday.
During his 90-minute statement, Duffy describe ...
Oct 12, 2006, 2:09 pm - - Lottery News forum
Criminal probe sought in award of NJ Lottery contract
A New Jersey Assembly Democrat has asked for a criminal investigation into the role a Republican assemblywoman and her former lobbying firm played in helping the state's lottery operator gain a new contract despite bidding nearly $32 million more than a competitor.
Assemblyman Reed Gusciora, D-Princeton, sent a letter Sept. 29 to Gregory A. Paw, director of the state Division of Criminal Justice, asking for an investigation to determine whether Assemblywoman Jennifer Beck, R-Red Bank, and her ...
Oct 10, 2006, 9:03 am - - Lottery News forum
Witness Says N.C. Lottery Commissioner Met With Possible Vendor
Within days of joining the state's lottery commission, Kevin Geddings met with a man who wanted to do business with North Carolina, an attorney testified Monday at Geddings' federal fraud trial.
Joe Lucas, a Charlotte lawyer, said he arranged for Geddings to meet with a friend who maintained instant ticket machines for the Georgia lottery. The friend performed the work under contract with Scientific Games Corp., Lucas said.
Prosecutors have accused Geddings of failing to disclose to the St ...
Oct 3, 2006, 12:29 pm - - Lottery News forum
N.C. Lottery fraud trial: E-mail disclosure has witness in tears
An office manager for former state lottery commissioner Kevin L. Geddings broke down in tears on the witness stand Tuesday when she was asked to read for jurors an e-mail message that Geddings had sent her last year.
The message directed Cheri Moore Pfisterer of Charlotte to not disclose that lottery vendor Scientific Games was a client of Geddings' public-relations firm.
Geddings sent the message four days after House Speaker Jim Black appointed him to the lottery commission.
Pls neve ...
Sep 27, 2006, 1:39 pm - - Lottery News forum
N.C. lottery fraud trial puts S.C. Lottery under microscope
The federal trial of Kevin L. Geddings is probing as deeply into his pro-lottery work in South Carolina as it is into his activities leading up to his appointment last year to North Carolina's lottery commission.
And the evidence presented so far by prosecutors suggests they see a pattern of conduct payments to Geddings by lottery vendor Scientific Games in exchange for helping the company win lottery business.
Testimony and evidence show that creating a lottery in the Palmetto state ...
Sep 27, 2006, 12:57 pm - - Lottery News forum
N.C. Lottery commissioner on lottery firm payroll for years
Four years before North Carolina lawmakers created the state lottery, a for-profit lottery company was paying former state lottery commissioner Kevin Geddings to work as a consultant, a company executive said Monday at Geddings' fraud trial.
Patrick Traub, an executive at Scientific Games Corp., affirmed government evidence showing that Geddings received $9,668.66 in April 2001 from a company later acquired by Scientific Games. An invoice from Geddings' public relations firm stated the payme ...
Sep 25, 2006, 1:51 pm - - Lottery News forum
Analyst's outlook on Scientific Games downgraded
A Bank of America analyst on Monday downgraded Scientific Games Corp., which sells instant lottery tickets to more than 50 countries, saying that he was bearish on growth expectations in Germany.
Analyst David Vas downgraded the stock to Neutral from Buy, and lowered his price target by $5 to $31.
Vas said that instant ticket sales from two cooperative contracts in Germany have been sluggish due to legislative issues hindering the company's distribution and advertisement of scratch-off ...
Sep 12, 2006, 9:39 am - - Lottery News forum
Kansas Lottery's 'Pocket slots' a hit with players
Battery-powered game has nearly sold out after little more than a month, so Kansas Lottery plans more.
The Kansas Lottery's pocket slots game is approaching sellout after just five weeks of retail sales.
The battery-powered Super 7's instant-winner game is flying off the shelves, said lottery director Ed Van Petten, and two more batches, including a poker-themed version, were ordered this week for sales through the end of the year.
Kansas last month became the second state to offe ...
Jul 28, 2006, 8:57 am - - Lottery News forum
Why did NJ give lottery contract to the highest bidder?
Part 2 of a 3-part look at the New Jersey Lottery
A month after a new contract to operate the New Jersey's lottery was supposed to begin, officials still have not determined whether to go with a new company that bid about $75 million for the five-year pact, or the existing operator which bid nearly $32 million more.
Last fall, the state awarded a new five-year contract to GTech Corp., which bid $106.7 million. With a bid $31.7 million lower, Scientific Games filed a protest saying the stat ...
Jul 25, 2006, 9:27 am - - Lottery News forum
