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Bahamas debates starting national lotteryNews Story
Chairman of the Gaming Board, Kenyatta Gibson, MP, announced to parliament last week that the Gaming Board is currently reviewing the feasibility of The Bahamas introducing a national lottery. To assist in the decision-making process, the Gaming Board has undertaken a comprehensive study on various authorised lotteries throughout the world and the current status of illegal gambling in The Bahamas.While some persons feel that it can be harmful, others believe that if properly controlled, a nation
Jun 29, 2004, 2:47 pm - Lottery News

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

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

Tennessee Lottery To Fully Fund ScholarshipsNews Story
The Tennessee Education Lottery today celebrates its four-month anniversary with higher-than projected revenues and an optimistic outlook for its next transfer to the Tennessee Lottery for Education fund scheduled for July 15. These first four months are something all Tennesseans can be excited about, said Rebecca Paul, CEO and president of the Tennessee Lottery. Weve created entertainment for millions of Tennessee players, some lucky Tennesseans have won approximately $185.5 million in prizes,
May 21, 2004, 7:31 am - Lottery News

Scientific Games Wins 7-Year Puerto Rico Lottery ContractNews Story
Scientific Games Corporation announced that it has been named the apparent winner of the online lottery contract for Puerto Rico.The contract is estimated to be worth $66.7 million and is for a term of seven years. The contract is subject to the negotiation of final terms and conditions. This is a very important strategic win for us at Scientific Games, said Scientific Games Chairman and CEO Lorne Weil. Over the last few years we have proven that we are the fastest growing participant in the
May 13, 2004, 1:15 pm - Lottery News

GTECH completes acquisition of lottery companyNews Story
U.S.-based GTECH Holdings Corp. said Thursday it had closed a $40 million deal to buy an Antigua-based lottery company.The all-cash deal also gives the lottery giant licenses to operate games in Antigua and Barbuda, Anguilla, St. Kitts and Nevis, St. Maarten and Saba and St. Eustatius, and Turks and Caicos.GTECH said the acquisition of Leeward Islands Lottery Holdings Co. would add between $20 million and $25 million to the company's $1 billion in annual gross revenues. Leeward should provide $6
May 7, 2004, 7:11 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

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

Tennessee Senator criticizes Lottery vacation, sick leave policyNews Story
For employees of the Tennessee Lottery, it could pay not to get sick.Employees can build up sick days and be paid for half of the unused ones when they leave. They earn one day per month, and there's no maximum on how much can be accrued or rolled over from year to year.Unused vacation time can be built up in a similar manner. Employees can be paid for up to three years' worth when they leave.The Tennessee Lottery's vacation and sick policy resembles what Rebecca Paul, the lottery's president an
Apr 7, 2004, 3:28 am - Lottery News

North Dakota's first-day lottery sales set per-capita recordNews Story
North Dakota's lottery debut was one for the record books.Powerball lottery tickets went on sale at 390 sites around the state late Thursday morning. By 6:05 p.m., $119,453 worth of tickets had been sold - a Powerball record for per-capita spending on the game, Attorney General Wayne Stenehjem said.Vermont had $116,213 in one day's sales in July 2003, or 18.77 cents per person. North Dakota's 6:05 p.m. total represented 18.84 cents spent per person on the lottery, Stenehjem said.Rep. Andy Marago
Mar 26, 2004, 8:52 am - Lottery News