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Profit Soars at Lottery Operator GtechNews Story
Gtech Holdings Corp., the world's largest operator of lottery systems, posted a 40 percent jump in profit for its latest quarter, beating Wall Street estimates.West Greenwich-based Gtech also raised its fiscal 2004 earnings estimates again and predicted fiscal 2005 earnings would beat analysts' expectations.Net income for the third quarter ended Nov. 22 soared to $45.9 million, or 69 cents a share, from $32.8 million, or 58 cents a share, a year earlier.However, the latest results included a gai
Dec 17, 2003, 4:18 am - Lottery News

Workers get 10% bonus if lottery launches on timeNews Story
Tennessee lottery workers can earn as much as 10% of their salary in incentive bonuses about $18,000 for the highest-paid executives if tickets for the scratch-off games and the games played by picking numbers are on sale by their deadlines.The incentive package for the lottery start-up was recommended by Tennessee Education Lottery CEO Rebecca Paul and approved by the lottery board yesterday.Gov. Phil Bredesen said the bonus level was not unreasonable and was considerably more conservative than
Nov 25, 2003, 4:22 am - Lottery News

House GOP pushes for gamblingNews Story
Republican leaders of the Alaska state House are pushing ahead on video poker and a state lottery and are pointing to a new poll as evidence that Alaskans are interested in more gambling. This latest poll shows that Alaskans have basically changed their attitude, said House Speaker Pete Kott, a Republican from Eagle River.But less than half the people surveyed by the recent poll supported video gambling initially. It was only after the pollster read them pro-gambling information that support fo
Nov 13, 2003, 5:20 am - Lottery News

Special projects shrink lottery proceedsNews Story
Almost $1.8 billion worth of Georgia lottery proceeds that could have gone for HOPE scholarships has instead been spent on a long list of other projects, including museums, security fences and metal detectors, and renovations of historic buildings.And millions are still being spent for special scholarship programs that benefit a few private colleges favored by powerful lawmakers.Now, with HOPE facing a shortfall and a state commission looking for ways to rein in expenses, some officials wonder w
Nov 11, 2003, 5:00 am - Lottery News

Paul's lottery past: rocky beginnings, happier endingsNews Story
It's only in hindsight that critics of Rebecca Paul's lottery startups give her creditRebecca Paul's admirers outnumber her critics by a long shot in Georgia's capital city.But the critics were hot when Paul was starting the state's lottery in 1993. Ten years later, Tennessee has hired her to do the same thing for up to $752,500 a year.Georgia's lottery drew close scrutiny from state lawmakers and federal prosecutors after awarding a key startup contract to a vendor whose bid was millions of dol
Oct 20, 2003, 8:04 am - Lottery News

Public backs HOPE limitsNews Story
Georgians' support for new restrictions on lottery-funded HOPE scholarships are stronger than previously thought, according to polling results presented to a state commission Thursday.The Peach State Poll, conducted by University of Georgia researchers, found significant public support for limiting the scholarships to four years and a flat $3,000 a year. I think it's a pretty discerning public, said state Rep. Louise McBee, D-Athens, a commission co-chairwoman.The panel - made up of lawmakers,
Sep 19, 2003, 10:07 am - Lottery News

Brock defends lottery oppositionNews Story
North Carolina State Sen. Andrew Brock, R-Davie, continues his strong opposition to a statewide lottery while pushing a proposal to move the start of the public school year to after Labor Day.The revenues saved in not having to air-condition schools in August and the extra tourism dollars generated in North Carolina during those same weeks would equal or exceed the proceeds from a lottery, Brock said.Brock said he doesn't trust any politician who says lottery proceeds will go to education. A lot
Aug 29, 2003, 11:23 am - Lottery News

Lottery-Style Drawing Picks Ballot OrderNews Story
The California Secretary of State held a lottery-style drawing Monday to determine the order of candidate's names on the recall ballot.Twenty-six letters were placed inside film canisters and then drawn randomly to set the alphabetical order for candidates. The first letter: R, followed by W and Q. Candidates with last names starting with those letters will appear high on some ballots, then revolve to the bottom in others before moving near the middle. The random exercise stems from a court ruli
Aug 11, 2003, 6:07 pm - Lottery News

Poll: Lottery finds favor for raising revenue in NevadaNews Story
Most Nevadans favor a state lottery as an alternative means of funding education and are happy that state lawmakers didnt impose any more taxes than it did, according to a new statewide poll.Ninety percent of Democrats, 66 percent of Republicans and 78 percent of Independents favored or strongly favored a state lottery, according to the Reno Gazette-Journal/News 4 poll.Women were more likely than men, 80 percent to 76 percent, to favor a lottery.People living in Clark County were slightly more a
Aug 4, 2003, 7:53 am - Lottery News