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Lottery-winning sisters to donate sizable portionNews Story
$11.3 million jackpot to benefit treatment center, build sheltersJust a month ago, they were two struggling, underpaid single mothers wondering how their outpatient alcohol- and drug-treatment center was going to meet its next payroll.Then, sisters Christine McCoy and Ursula Pixie Baker bought the winning ticket in an $11.3 million The Pick jackpot.But there's no retiring to some island paradise for these two hard-core social workers.In fact, McCoy, 50, and Baker, 58, are planning to use a siz
Oct 27, 2004, 8:27 am - Lottery News

GTech Profits UpNews Story
GTech Holdings Corp., the world's largest lottery systems operator, on Tuesday said quarterly earnings rose on new contracts, acquisitions and strong sales of its products.GTech, which provides services and equipment to the lottery industry in 45 countries and 25 U.S. states, said it benefited from new contracts in Spain, Italy, Jamaica and Mexico. The company also received a new ticket-vending machine contract in Maine and an extension in Oregon.GTech, which has a 70 percent share of the online
Sep 22, 2004, 8:20 am - Lottery News

Store clerk tells how she found winning ticketNews Story
Battling the sniffs and coughs of a summer cold, Julie Prive, 27-year-old mother of two, stood before a jury in Barnstable County, Massachusetts Superior Court yesterday and recalled the evening in May 2002 when she had believed her life had changed forever.Prive said she was at home, sorting through a pile of lottery tickets she had collected from the trash at the Tedeschi convenience store where she worked, checking them and repackaging them for a second-chance game run by the state lottery to
Aug 12, 2004, 8:25 am - Lottery News

SEC Investigating Gtech in BrazilNews Story
Gtech Holdings Corp. said Thursday that the Securities and Exchange Commission opened a formal investigation into the lottery operator's dealings in Brazil.The SEC previously issued an informal request for documents from Gtech, as part of its investigation into public corruption matters in Brazil. Gtech said regulators told the company that the new order is a routine action, unrelated to any recent developments, that is intended to give the SEC adequate investigatory powers if needed.Gtech said
Jul 29, 2004, 1:44 pm - Lottery News

GTECH's 1Q earnings up 31 percentNews Story
Gtech Holdings Corp., the world's largest operator of lotteries, Tuesday posted a 31 percent jump in profit for its latest quarter, helped by continued strong sales.The West Greenwich-based company also boosted its full-year earnings expectations because of a reduction in its tax rate.The company reported net income of $53.6 million, or 80 cents a share, for the first quarter ended May 29, up from $41 million, or 68 cents, a year earlier.The latest quarter included a one-time gain of $6.4 millio
Jun 23, 2004, 7:11 am - Lottery News

Arizon Lottery increases sales 12% this yearNews Story
People like Bob Haney of Buckeye are helping the Arizona Lottery ring up big sales this fiscal year - sales that were running 12.2 percent ahead of the previous fiscal year through three quarters.Haney's not a big player, but a regular one hoping for that big hit on his favorite game. If you don't play, they can't pay, he said after buying tickets Friday at the Lottery's main office in Phoenix. Just like the (slot machines) or something, you never know what's going to turn up. For the Lotter
May 24, 2004, 9:01 am - Lottery News

Scientific Games Reports First Quarter 2004 ResultsNews Story
Revenues Increased 51%; Net Income Increased 80% to $20 million; Earnings per Diluted Share were $0.22Scientific Games Corporation today announced results for the first quarter ended March 31, 2004. Revenues for the first quarter of 2004 increased 51% to $185.5 million compared to $123.2 million for the first quarter of 2003. Income before the preferred stock dividend was $20.4 million, an increase of 80% over 2003 first quarter income of $11.3 million, and diluted earnings per share increased 6
Apr 22, 2004, 5:17 pm - Lottery News

GTech Profit Up as Lottery Sales RiseNews Story
GTech Holdings Corp., a leading lottery systems operator, on Thursday said quarterly earnings rose 14 percent, on acquisitions and higher lottery ticket sales driven by big jackpots.The fiscal fourth-quarter earnings topped Wall Street estimates, but GTech stock fell slightly. It was a good quarter, but not a phenomenal one, Farmhouse Equity Research analyst J.P. Mark said. People expected them to beat estimates. For the fiscal fourth quarter ended Feb. 28, the West Greenwich, Rhode Island, co
Apr 16, 2004, 9:33 am - Lottery News

GTECH is in play in BrazilNews Story
Analysts don't think a political scandal will hurt the company's chances of continuing to run the country's lotteryA top Brazilian government official allegedly told two GTECH Holdings Corp. employees in 2003 that they could have a lottery contract extension.All they needed to do, said Waldomiro Diniz, the former deputy head of parliamentary affairs, was hire a consultant for between $4 million and about $6 million, according to Brazilian newspaper reports based on the employees' testimony.A lot
Mar 26, 2004, 9:15 am - Lottery News

Investing a windfallNews Story
What to do when a pile of money is suddenly dumped into your lapI expect to receive a windfall of about $500,000. Buying a house is first on my list, but I'm not sure how to invest the rest. I'm open to real estate ventures or just about anything else, but I'm wary of the people passing themselves off as financial advisers. What do you suggest?Tammy, Statesville, N.C.It's not often that I invoke the lyrics of rapper Eminem in this column. In fact, I think I can safely say that I've never done it
Jan 16, 2004, 11:17 am - Lottery News