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Indiana Lottery sell-off advances in state SenateReply
Not to try and oversimplify what would be a very complicated transaction - but here goes... The States are looking for many years worth of revenue up front and lesser future returns. I'm not sure how smart that is from a policy perspective...to me its like pulling money out of your retirement fund because you want to buy a new car now. That said, very few States actually embrace the Lottery as an agency or have much interest in them performing well. Most Governors just want the Lottery t
Feb 22, 2007, 5:59 pm - Drivedabizness - Lottery News

Illinois Lottery seeks to collect $20 million from operator Northstar Lottery GroupNews Story
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
Mar 19, 2013, 4:09 pm - Todd - Lottery News

Illinois Lottery superintendent at odds with private manager of lotteryNews Story
Illinois Lottery superintendent Michael Jones and the Northstar Lottery Group are at odds. Northstar is the private management consortium named in the fall of 2010 to run the Illinois Lottery. The source of the disagreement is a preliminary draft of a ruling this week from a mediator assigned to determine whether Northstar should have to pay a penalty for failing to meet stipulated profit goals in its private management agreement with the state. By its own accounting Northstar, comprised o
Sep 14, 2012, 8:09 am - Todd - Lottery News

GTECH launches lottery developer networkNews Story
GTECH Corp. has launched the lottery developer network, a game development program, which it says lays the foundation for significant advancement within the lottery industry. The gaming subsidiary of Rome's Lottomatica Group SpA described its LDN project as the lottery industry's first open-development platform. The platform enables casual and social game developers to work to build games on their own, which can later be offered for real-money gaming on official and regulated lottery plat
Sep 11, 2012, 11:58 am - Todd - Lottery News

3 companies bid to run lucrative Texas LotteryNews Story
Three major gambling companies entered the competition by Tuesday to run Texas' lottery a massive operation that could pay $100 million per year to the winning bidder. Scientific Games Corp., Intralot Inc. and GTECH Corp., which holds the current Texas operations contract, submitted cost proposals for the games, said Texas Lottery Commission spokesman Bobby Heith. All are prominent companies in the lottery and gambling business worldwide and frequently compete with one another for U.S. sta
Jul 1, 2010, 9:24 am - Todd - Lottery News

Tatts Group buys New South Wales lottery for A$850mNews Story
The state government of New South Wales has sold its lotteries business to Tatts Group for A$850m (US$764m) after an auction process that attracted both Australian and international bidders. The total proceeds of the sale will exceed A$1bn after A$160m of cash and other assets from NSW Lotteries are transferred to the government. Melbourne-based Tatts, which operates lottery businesses in three Australian states and two territories, faced competition from a consortium led by Ontario Teachers'
Mar 3, 2010, 9:15 am - Todd - Lottery News

R.I. lottery machine prints invalid ticketsNews Story
They entered the store with hopes of striking it rich through a winning lottery ticket. They exited with bogus tickets all dated from 1999. A lottery machine mix-up Thursday resulted in roughly 70 invalid tickets being printed at a Cranston convenience store, the Rhode Island Lottery said Friday. The problem was caused by a field service technician for the gaming technology company Gtech Holdings Corp. who accidentally replaced a malfunctioning machine at Oaklawn Mart with a model termin
Jan 15, 2007, 3:15 pm - Todd - Lottery News

Texas Lottery accuses GTECH of briberyNews Story
GTECH executives will appear before Texas commission The criminal allegations read right out of a crime novel: bribing overseas government officials, withholding evidence and lying about it. Those are some of the charges Texas investigators accuse GTECH, the international lottery services company that enjoys a lucrative contract with the state of Texas, of engaging in internationally. The findings have angered and embarrassed lottery commissioners, who have used GTECH as the agency's so
Aug 16, 2006, 11:42 am - Todd - Lottery News

N.M. Lottery approves raffle, ends game, and hires new vendorNews Story
The New Mexico Lottery's board of directors was busy yesterday, approving a new raffle-style game for later this year, canceling the unique 4 this way 4-digit game, and ending an 11-year relationship with its current equipment and services vendor. Finishing a two-year process to analyze its business needs, identify revenue growth opportunities and evaluate vendor capabilities, the New Mexico Lottery yesterday selected Intralot to provide a computerized gaming system, communications network
Jul 27, 2007, 8:22 pm - Todd - Lottery News

States up the online anteNews Story
The director of the New York State lottery said a few months ago he had cleared hurdles in his quest to sell lottery tickets over the Internet, but now that plan is stalling. When the U.S. Justice Department in December narrowed its interpretation of the 50-year-old Wire Act, saying it banned only sports betting and not other forms of online gambling, the decision sparked hope in state capitals that lotteries could start selling tickets online and lead a charge into online gambling. But th
Apr 30, 2012, 8:00 am - Todd - Lottery News