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French lottery operator stock price surges after $2.1 billion IPONews Story
Includes video report Francaise des Jeux (FDJ) SAEM shares soared as much as 20% after the French lottery operator raised about 1.89 billion euros (US$2.1 billion) in the country's largest initial public offering since the 2005 sale of power producer Electricite de France SA. The government sold 52% of the company at the top of the marketed price range for institutional investors. Finance Minister Bruno Le Maire hailed a spectacular success that boosts the appeal of Paris as a financial ce
Nov 24, 2019, 8:21 am - Lottery News

France sells its lottery for $2 billionNews Story
France will bank 1.8 billion euros (US$2 billion) from selling down its stake in the country's lottery operator, according to the final price set on Wednesday in a listing that will serve as a test for France's privatization push. President Emmanuel Macron's pro-business government kicked off the biggest wave of privatizations in over a decade with the initial public offering (IPO) of Francaise des Jeux (FDJ), the organization that operates the country's lottery. It is seeking to raise money
Nov 22, 2019, 9:19 am - Lottery News

SC residents to start receiving lottery rebate checks, even if they didn't playNews Story
South Carolina residents will be receiving rebate checks from the state lottery, even if they have never played a single lottery game before. The $50 checks are hitting mailboxes in the days to come, and the only qualification is paying South Carolina income taxes of $50 or greater. So far, 400,000 checks have been disbursed with more than 800,000 more to come by Dec. 2. What's this about? Last fall, a Simpsonville convenience store sold the winning ticket for the $1.5 billion Mega M
Nov 8, 2019, 2:20 pm - Lottery News

20 years later: Will a lottery vote come before the people of Alabama again?News Story
Saturday will mark 20 years since the people of Alabama voted against allowing a lottery. This is something that citizens have asked us for by their actions, said Sen. Linda Coleman-Madison (D- Birmingham). They're telling us if we can't get it here, we'll go someplace else to get it. Coleman-Madison is among many legislators who say it's time to let the people vote again. The details of that lottery proposal haven't been as easy for legislators to agree on. Senate President Pro Tem D
Oct 11, 2019, 9:58 pm - Lottery News

CT Lottery workers 'getting the job done' despite agency upheavalNews Story
Editorial by Rob Raczka and Mark Negralle As state employees and union stewards at the beleaguered Connecticut Lottery Corporation, we will be the first to tell you it's extraordinarily difficult to work in an environment described by our colleagues in an internal survey as fear-based, toxic and North Korea-like. It angers us that controversy and scandal have tainted our agency and generated a seemingly endless stream of news stories exposing the questionable practices of some senior mana
Sep 1, 2019, 12:38 pm - Lottery News

Florida Lottery admits error, winner collects two years laterNews Story
Includes video report A Florida man finally has his lottery prize after a local media investigation exposed a state error. I can't believe I have the money, Joel Strickland of Winter Haven said. When Strickland won $1,000 in the lottery in 2017, state officials seized the money, saying he owed the state $5,300 to settle an old unemployment fraud claim. Strickland insisted there was an error and that he didn't owe anything, but the state's case was closed. Officials not only took his
Aug 26, 2019, 9:08 pm - Lottery News

DoJ files notice of appeal against New Hampshire Wire Act rulingNews Story
The US Department of Justice (DoJ) has filed a notice of appeal following the decision in June by the United States District Court for the District of New Hampshire to find in favor of the New Hampshire Lottery Commission (NHLC) in the long-awaited ruling on last year's revised opinion of the Wire Act by the DoJ. The notice of appeal reads: Please take notice that all Defendants (the United States of America; the United States Department of Justice; and William Barr, in his official capacity
Aug 22, 2019, 8:48 am - Lottery News

Will R.I. Lottery win or lose in $1 billion IGT contract battle?News Story
Is it a wise move that would keep more than 1,000 high-paying jobs in Rhode Island or just the latest example of a you gotta know a guy back-room deal? Is the lottery giant IGT as Rhode Island as Del's lemonade or as British as Big Ben? In short, is the proposed no-bid, $1-billion, 20-year extension of IGT's current 20-year gambling technology contract a solid win for the Rhode Island economy or an ill-advised sweetheart deal ? As state lawmakers prepare to review the proposal this fall
Aug 13, 2019, 8:34 am - Lottery News

CT Lottery quiet as uncomfortable allegations pile upNews Story
For a moment it looked like some meaningful information might be released to the public this week about the latest upheaval at the Connecticut Lottery Corp. (CLC) this time in the form of an order Monday that lottery Vice President Chelsea Turner be placed on an indefinite leave, six days after disclosing in sworn testimony that she contacted the FBI in about 2014 with suspicions of wrongdoing by a superior. But it hasn't turned out that way. The CLC's board of directors scheduled a specia
Jul 19, 2019, 8:22 am - Lottery News

Details emerge about CT Lottery CEO secretly recording board chairman in 2014News Story
More 'dirty laundry' revealed by botched raffle draw investigation Connecticut Lottery Corp. Vice President Chelsea Turner testified Tuesday that around 2014, she and then-lottery CEO Anne Noble had such suspicions about Frank Farricker, then chairman of the lottery's governing board, that she contacted an agent she knew in the FBI which then had Noble record Farricker secretly in at least one meeting. The small recording device was concealed inside an eyeglass case, Turner testified under
Jul 12, 2019, 7:50 am - Lottery News