Illinois Lottery seeks to collect $20 million from operator Northstar Lottery Group

Comment #11

jamella724 — Tue, 09 Apr 2013 09:03:30 GMT

It is quite hard if they guarantee the state with their projected income then fail to reach the said projected income. I hope they can settle things or else it will end up in court.

Comment #10

dallascowboyfan — Wed, 20 Mar 2013 15:51:51 GMT

Comment #9

sully16 — Wed, 20 Mar 2013 14:54:46 GMT

Yep, could turn into a 3 ring circus in no time.

Comment #8

rdgrnr — Wed, 20 Mar 2013 05:09:46 GMT

Yeah, just keep your mouth shut and go along with the program, right?

That's why Illinois has so many crooks in state government and in jail.

And why they're on the verge of collapse.

Cuz hand-wringing nervous-nellies are too afraid to stand up to 'em.

Too scared to say anything.

Pffffffffffffttttttttt

Comment #7

HaveABall — Wed, 20 Mar 2013 04:18:15 GMT

From Wikipedia, the free encyclopedia: Lottomatica S.p.A. is an Italian company active in the gaming business. The world's largest operator of lotteries[2] (its portfolio includes Italy's Lotto game), Lottomatica also provides various other gaming services and related technologies. The company has its offices in Rome. In August 2006, it completed the acquisition of Gtech, a U.S. gaming company. It is controlled with a 59.8% stake by the De Agostini group.

Hum, the 100% U.S.A. headquartered c... [ More ]

Comment #6

Coin Toss — Wed, 20 Mar 2013 04:16:22 GMT

Every state considering selling its lottery to a private firm needs to think about situations like this.

Comment #5

noise-gate — Wed, 20 Mar 2013 02:54:01 GMT

The Illinois lottery is doing what the Water Board out here in the Bay Area- California has done. The water rates have doubled- when asked why, their response was we projected an upturn in the local housing industry with water flowing to new houses and when that did not come to fruition, we have to pass those projected costs onto the consumer.

Same thing here.However Northstar did sign on the dotted line, they on the hook.

Comment #4

markaz — Wed, 20 Mar 2013 01:16:51 GMT

Noted Illinois Lottery Superintendent Michael Jones: Northstar won the private manager contract by projecting a net income of $851.2 million in FY12, but failed to reach this goal, consequently triggering a $20 million net income shortfall to the state. Northstar missed their initial net income commitment by $94 million. Our agreement requires Northstar to be held accountable for this shortfall.

Nowhere do I see the word guaranteed . Shame on you Northstar if it's in the contract.

I'll be... [ More ]

Comment #3

JPJohnson — Wed, 20 Mar 2013 01:02:40 GMT

Noted Illinois Lottery Superintendent Michael Jones: Northstar won the private manager contract by projecting a net income of $851.2 million in FY12, but failed to reach this goal, consequently triggering a $20 million net income shortfall to the state. Northstar missed their initial net income commitment by $94 million. Our agreement requires Northstar to be held accountable for this shortfall.

Yea, shame on the state for not letting a business shortchange them for $20 Million on agreement

Comment #2

rdgrnr — Wed, 20 Mar 2013 00:02:03 GMT

Everything the Illinois government touches turns to you-know-what without fail.

When the head nods in Chicago, the tail wags in Springfield.

Comment #1

sully16 — Tue, 19 Mar 2013 22:24:35 GMT

Sounds like it may end up in court.

Illinois Lottery seeks to collect $20 million from operator Northstar Lottery Group

Lottery Post — Tue, 19 Mar 2013 20:09:05 GMT

But the lottery has not shown Northstar the final audit numbers

The Illinois Lottery said Monday it is entitled to a $20 million payout from Lottery private manager Northstar Lottery Group because the group fell short of the total Illinois Lottery income Northstar said would be generated in fiscal year 2012.

Noted Illinois Lottery Superintendent Michael Jones: Northstar won the private manager contract by projecting a net income of $851.2 million in FY12, but failed to reach this goal, con... [ More ]