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Casino deal leads GTECH to rethink R.I. investmentsNews Story
The company warns that it may not go ahead with its plans because bills before the General Assembly fail to provide it with a portion of the slot machines in a new gaming facility.Citing the casino legislation in front of the General Assembly, GTECH Holdings Corp. is reviewing its planned investments in Rhode Island -- including its proposed $88.5-million corporate headquarters in downtown Providence.GTECH says the two casino bills before the General Assembly do not guarantee that it can operate
Jun 24, 2004, 8:14 am - Lottery News

Washington Lottery to Discontinue Televised DrawingsNews Story
The Washington Lottery said yesterday that it will not renew its contract to broadcast lottery drawings.The Lotto, Mega Million, Quinto, Lucky for Life, Daily Keno and Daily Game drawings have been broadcast on Television Washington, a statewide public affairs network, as part of a three-year contract.All televised drawings will end July 1.Lottery officials said the decision was based on research that found that less than 1 percent of players routinely viewed the televised drawings in order to f
Jun 9, 2004, 7:53 am - Lottery News

Kentucky to post record salesNews Story
Kentucky sales numbers soar despite losing substantial border ticket sales to TennesseeThe Kentucky Lottery Corp. expects its sales this fiscal year, which ends June 30, to hit a record $723.8 million meaning an extra $11 million for the state.That sales total would be about 8 percent higher than the previous peak, $673.5 million, which was set last year. And this year, state government's share will be a record $192 million, up from last year's previous record $180.7 million, officials estimated
Jun 4, 2004, 7:39 am - Lottery News

Tennessee Powerball $100,000 Winner Plans To Build HomeNews Story
Like many people across Tennessee, Matthew and Carolyn Hemby of McMinnville watched closely as the Powerball jackpot numbers were drawn on Saturday, May 8. Matthew, an employee of Federal Mogul, said he and his wife play the Lottery games regularly and on this occasion they were hoping to win the $212 million jackpot.Matthew said the family jumped up and down laughing when they realized they had won $100,000 and that they knew instantly what they planned to do with their winnings: Build a new ho
May 12, 2004, 6:47 am - Lottery News

Pool players ponder Powerball hypocrisyNews Story
Nobody was betting on $212 million at The Pour House on Friday.A week after Charleston police and State Law Enforcement Division agents raided a pool tournament at the Savannah Highway tavern, three patrons at the bar shook their heads no over their beer. They hadn't bought a $1 chance at the state-sponsored, long-odds Powerball game.The prize at stake in tonight's drawing for the multistate lottery payoff has climbed to more than $200 million for the second time in five months. The last time,
May 8, 2004, 2:10 pm - Lottery News

Iowa Lottery adds machines resembling slot machines at tavernsNews Story
The Iowa Lottery will begin distributing 4,000 video pull-tab machines which resemble slot machines to taverns and fraternal clubs in the next few weeks.Iowa Lottery Chief Executive Edward Stanek said Monday the machines are projected to help the lottery make an additional $20 million in annual profit.The new machines will charge $1 per play. The top prize is $300.Players insert money into the equipment as with any other vending machine. After the ticket is dispensed, the video monitor displays
Apr 27, 2004, 8:16 am - Lottery News

Ohio Gambling Proposal Would Allow Cities to Vote on CasinosNews Story
Cities could vote on casinos and thousands of electronic slot machines would be installed at Ohio racetracks, under a new legislative proposal that backers hope to put on the November ballot.House Speaker Larry Householder said Wednesday he believes cities would view the casino idea as a positive trade-off given that rural areas benefit from racetracks through the sale of grain for horses. So this is a way to allow the urban areas to also have a benefit, Householder said.Democrats and Republi
Apr 22, 2004, 1:52 pm - Lottery News

Kentucky Lottery works to counter revenue lossNews Story
Even as they celebrated the 15th anniversary of the start-up of the Kentucky Lottery and predicted a strong finish to the fiscal year lottery officials acknowledged an uncertain future yesterday.That's due in large part to new competition from a neighbor. Tennessee, whose residents once were responsible for 12 percent to 15 percent of the Kentucky Lottery's sales, started its own lottery this year.Yesterday, Tennessee added the Powerball to its lineup.Kentucky Lottery spokesman Chip Polston said
Apr 20, 2004, 7:14 am - 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

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