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NewsResults 1 - 10 of 78 for northstar nj. (0.04 seconds)

NJ Lottery temporarily suspends sales and drawings for 5 Card Cash due to coronavirus
The New Jersey Lottery temporarily suspended sales and drawings of its 5 Card Cash, effective Monday, May 4, 2020, due to COVID-19. The temporary suspension of 5 Card Cash is designed to protect the health and safety of Lottery employees and its customers. Not only does this game require two additional staff members to be in the office beyond the teams for other drawings, it does not permit multi-draw play or advance play so purchases are only applicable to the day they are purchased. Play
Apr 30, 2020, 1:34 pm - Lottery News

Cratering lottery revenue is bad luck for NJ state worker pensions
There's a new cause for concern about New Jersey's chronically underfunded public-worker pension funds sagging state Lottery revenues. That's something of a double whammy for one of the nation's worst-funded state retirement systems, which has seen investment returns plummet precipitously during the coronavirus pandemic. So far this fiscal year, Lottery revenues, which serve as a dedicated source of funding for the pension system, are down more than 12% compared with the same period last y
Apr 27, 2020, 10:39 am - Lottery News

New lottery agreement with private operator Northstar expected to save NJ up to $100M
New Jersey government officials have renegotiated a contract with the private operator of the New Jersey Lottery that is expected to save taxpayers up to $100 million over the next decade. The new agreement raises the performance targets for Northstar New Jersey, a gaming conglomerate which has struggled to meet its financial promises to the state while also reaping tens of millions of dollars each year in incentives and fees. It had promised to generate at least $1.4 billion for the state ov
May 14, 2019, 11:38 am - Lottery News

Powerball sales drop busts NJ Lottery's 7-year winning streak
Lottery sales in New Jersey fell for the first in seven years in 2017 led by a sharp by decline in revenue from Powerball tickets, though scratch-off games remain the state's biggest money maker, according to the New Jersey Lottery's annual report. The lottery sold $3.186 billion in tickets for all games about $103 million less than in fiscal year 2016. The lottery still contributed $994 million to education and social programs last year, up from $987 million the previous year. Sales of
Jan 26, 2018, 5:00 pm - Lottery News

NJ Lottery Director Hedinger announces retirement
Carole Hedinger, New Jersey Lottery executive director, has announced her retirement, which was effective December 31, 2017. Hedinger began her lottery career as deputy executive director of the New Jersey Lottery in 1994. She became acting director in 2003, serving for a year before moving on to the position of chief clerk at the Ocean County Surrogate Court in 2004. Hedinger served in that capacity until June 2010 when Governor Chris Christie selected her to lead the Lottery as its executiv
Jan 3, 2018, 11:58 am - Lottery News

Did new Illinois Lottery private manager get too good of a deal?
Hoping for better luck the second time around, state officials unveiled a deal Friday to put the fate of the Illinois Lottery in the hands of a British firm that pledges bigger returns than those generated under the manager the state fired. In a do-over of the nation's first, controversial attempt at state lottery privatization six years ago, Illinois agreed to a contract with the only firm to bid for the potentially lucrative job: the Camelot Group. It comes as the state and Camelot pledge t
Oct 21, 2017, 9:55 am - Lottery News

Details of new Illinois Lottery manager deal kept secret
As the Illinois Lottery edges closer to finalizing a massive deal with a new private manager, the state and the firm have chosen to keep many of the details secret despite past pledges of transparency. The deal includes a tiered incentive system in which the new firm, Camelot Illinois, would be paid bonuses for exceeding various profit levels, documents show. But the proposed dollar amounts are not included. That was among the few bits of information in the heavily redacted records the sta
Oct 4, 2017, 9:01 am - Lottery News

Illinois Lottery awards management contract to Camelot
By Todd Northrop Ending a years-long process of replacing its current management company, the Illinois Lottery today awarded its private management contract to Camelot Illinois, LLC essentially the same company that operates the United Kingdom's lottery. The Lottery's Notice of Award was posted to the Illinois Procurement Bulletin after the State of Illinois Chief Procurement Office of General Services certified the procurement rules for selecting the private manager were correctly followe
Sep 22, 2017, 7:51 pm - Lottery News

Illinois Lottery has problem paying online winners
Includes video report It's the worst case scenario for any avid lottery player you play and win, then have to fight for your money. One of Jack Kielczynski's retirement pastimes is playing the Illinois Lottery: Pick 3 game online. And he's been doing fairly well the last month. As his winnings added up, the retired police officer decided to cash in on about $1,600, which dated back to April 16th. The winnings were supposed to be transferred directly into his checking account. However, a
May 2, 2017, 9:02 am - Lottery News

Taxpayers pay millions in bonuses to outgoing lottery firm's staff
Illinois taxpayers have funded about $2 million in retention bonuses for employees of a private firm managing the lottery despite the firm performing so poorly Illinois is working to replace it. A Tribune investigation has found the state approved paying bonuses as part of a complicated deal it struck in 2015 with the firm, Northstar Lottery Group. Northstar agreed to end its 10-year deal early if the state met a host of conditions, including paying Northstar disentanglement fees, which inclu
Mar 29, 2017, 9:21 am - Lottery News

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