Search

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

The Two Titans of the Lottery IndustryNews Story
We often hear that the $40 billion spent on video games worldwide dwarfs the amount spent on the motion picture industry. But another form of mass entertainment dwarfs them both: the lottery business. According to a Morgan Stanley study, sales of lottery tickets around the world will top $160 billion in 2004.You should be thankful for the lottery business this week as you write a check for your tax bill. That's because you'd probably owe a lot more if not for your fellow citizens' crazed desire
Apr 15, 2004, 4:58 am - Lottery News

Lottery scammer gets 18 monthsNews Story
A native of Russia was sentenced to 18 months in prison Wednesday in federal court in Chicago for taking part in a telemarketing scam that cheated mostly elderly victims in the United States and Canada.Typically, victims were led to believe they had won a large cash prize but first had to send money to cover duty costs, taxes or liens.One 81-year-old woman from Aurora, repeatedly hit up for more and more money, dventually lost more than $200,000 in the scheme, authorities said.In pleading guilty
Mar 11, 2004, 5:20 am - Lottery News

Russia's First Lottery Bill Moves to SenateNews Story
The State Duma on Friday passed in the third reading a bill on lotteries that will be Russia's first attempt at federally regulating the industry if approved by the Federation Council and signed by the president.The proposed law regulates the lottery industry in Russia by specifying types and standards of lotteries, rules for organizing lotteries, the system for exercising control over the organization of lotteries, the liability of lottery operators and other measures.Lotteries are divided into
Oct 20, 2003, 4:02 am - Lottery News