Search

Search for news stories tagged with the keyword you specify

See all tags:
TagResults 761 - 770 of 802 for financials. (0.03 seconds)

Workers get 10% bonus if lottery launches on time
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

Powerball revenue surges in Indiana
A record number of Indiana jackpots has sent Powerball revenues skyrocketing, with the state selling nearly twice as many tickets in the past four months as it did during the same period a year ago.Since the fiscal year began in July, Indiana has sold $60.6 million in Powerball tickets, up from $31.4 million a year ago.And Hoosiers aren't waiting for the big jackpots to play. People come in and say, 'There's been three in a row; why not four? Give me a Powerball,' said Phil DeFabis, a clerk at
Nov 19, 2003, 4:51 am - Lottery News

Lottery fund may face changes
Two powerful Colorado legislators said they will push for changes in the state's management of the Conservation Trust Fund, a $43 million pot of lottery profits that is supposed to pay for parks and recreation.Meanwhile, the state auditor said Tuesday that she is moving forward with an audit of the fund. The auditor, Joanne Hill, may propose additional changes as early as January.Stories in The Denver Post on Nov. 9 and 10 outlined how the two chief pools of lottery profits that voters said must
Nov 19, 2003, 4:42 am - Lottery News

Special projects shrink lottery proceeds
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

Lottery funds misused
Records show proceeds spent in ways not endorsed by votersA multimillion-dollar state lottery fund that is supposed to pay for parks and recreation is being used for everything from cellphone bills to air conditioners and Christmas parades.The Conservation Trust Fund is a $43 million pool of lottery profits that, according to state law, is to be given to local governments and used only for the acquisition, development and maintenance of new conservation sites or for capital improvements or main
Nov 10, 2003, 5:02 am - Lottery News

Paul's pay checked
With much still to do, lottery organizer faces criticism over salariesWith Tennessee's new lottery set to begin in just three months, Rebecca Paul has a lot to do and little time to do it.Paul and her senior staff must hire contractors, test software, rent offices, hire hundreds of people, train retailers and build a computer network. And those are just the highlights.To get everything done by Feb. 10, Paul works from 9 a.m. to midnight nearly every day - a schedule that hasn't left time for cul
Nov 10, 2003, 4:48 am - Lottery News

Tenn. lottery chief outlines goals during Pinnacle forum
During a Pinnacle Financial Partners forum Nov. 4, Rebecca Paul, CEO of the Tennessee Education Lottery Corp., revealed some of the pressure she has been under to get the lottery up and running by February. I've been on the job now a total of 43 days, she said. It seems like 43 years. For the next three months, she and her staff expect to be working 16 hours per day, until the first lottery ticket is sold.Paul said there are three things the lottery must do extraordinarily well. One is to know
Nov 6, 2003, 4:51 am - Lottery News

New games are boon for Michigan
Club Keno, the Michigan Lottery's first video game, sold more tickets than expected in its first week.Playing nearly around the clock in 752 bars and restaurants, customers bought $2,113,344 in Club Keno tickets through early Tuesday, Lottery Commissioner Gary Peters said. We're very pleased with the launch, he said.The Michigan Bureau of State Lottery had projected sales per terminal would average $2,000 in the first week starting Oct. 27. The actual figure: $2,810.Club Keno and a new paper-ti
Nov 5, 2003, 5:47 am - Lottery News

Colorado Lottery Increases the Lotto Cash Value to 50 Percent
Future Colorado Lotto winners will receive an extra 10 percent beginning October 31, 2003 when they choose the Cash Value Option. The Cash Value has been set at 40 percent since it was introduced on July 10th, 1994. It's always exciting to announce changes that provide our winners with more money, said Lottery Director Mark Zamarripa. The Cash Value has been the same for almost ten years and it was time for us to bring it in line with the current market situation. The Cash Value Option is d
Nov 3, 2003, 4:06 pm - Lottery News

Maryland Evening Pick 3 Number-777 Pays Out $2.2 Million
Hundreds of players are arriving at Lottery retail locations across Maryland to claim cash prizes they won in Wednesday's Pick 3 game.Initial reports indicate that players wagered $491,000 on the lucky number 777-which paid out $2.2 million in prizes or approximately 462 percent over the games ticket sales last night. The Lotterys total losses are nearly $1.8 million.Lucky players that wagered $1.00 straight on the last evenings Pick 3 game won $500.00 each.
Oct 31, 2003, 5:18 am - Lottery News