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TagResults 51 - 60 of 84 for contract. (0.01 seconds)

Company proposes new pooling lottery ticket to fight 'jackpot fatigue'
An Arizona company has designed a new lottery ticket concept that would enter the purchaser in a pool with other lottery players, at the same time entering chances that are not part of the pool. The company claims that the increased number of chances to win will combat jackpot fatigue, a sense of dimished player excitement over large jackpots leading to lower ticket sales. The company hopes to attract state lotteries with its promise of higher sales. According to the company's press reles ...
Feb 9, 2007, 7:00 pm - Lottery News forum

Texas Gov. proposes selling the lottery
Texas Gov. Rick Perry said Thursday that his State of the State address on Tuesday would include a plan to fully privatize the Texas Lottery by selling it to private interests. Perry said such a sale would raise substantial funds that could be used for health care and research. Other states, including Illinois and Indiana, are looking into the concept, which allows a state to collect a large lump sum to replace future lottery revenue. The proposal is likely to be controversial because t ...
Feb 2, 2007, 5:46 pm - Lottery News forum

Company running most lottery games worldwide has history of scandal
The company behind the more than 16,000 machines that spit out New York Lottery tickets has been linked to scandals across the country and around the globe. Bribery allegations led a co-founder to quit his job as chairman. Its lobbyists have run afoul of the law in several states, including New York. Former government officials have received lucrative consulting contracts. And in summer 2006, an investigation in Texas found that the company, GTECH Holdings Corp., doled out tens of millions ...
Jan 31, 2007, 5:30 am - Lottery News forum

Despite strong opposition, Indiana moves ahead with selling lottery
Indiana is considering a Wall Street investment firm to help it pull together a plan to lease the Hoosier Lottery, despite legislative skepticism that could kill the deal. Gov. Mitch Daniels said Friday the administration is negotiating a contract with Morgan Stanley to test the market. A similar contract with Goldman Sachs Co. to market the Indiana Toll Road last year was worth about $20 million. The Toll Road eventually was leased for 75 years for $3.8 billion, and the state has esti ...
Jan 23, 2007, 10:45 am - Lottery News forum

Illinois Is Putting Lottery on Block for Quick Payoff
The state of Illinois yesterday took the first steps in selling its state lottery system, hoping to attract as much as $10 billion from investors who, in return, would own a monopoly that could turn out to be the biggest jackpot yet. The sale, which may occur as early as the spring, would not be the first privatization of public property - both Chicago and Indiana have recently earned billions of dollars by signing long-term leases with private companies to run toll roads. But the proposed l ...
Jan 23, 2007, 8:11 am - Lottery News forum

Bill to outsource Indiana Lottery bans keno, video poker
Many upset over Governor's plan to 'sell the Lottery' A bill that would allow Gov. Mitch Daniels to outsource the Hoosier Lottery would prohibit a private operator from offering keno, video lottery games, pari-mutuel wagering on horses or dogs and games based on winners of races or other sporting events. Sen. James Merritt, R-Indianapolis, filed the bill Thursday on behalf of the administration but said he was allowed to put his own principles in it and was not in favor of such gambling ex ...
Jan 19, 2007, 12:00 pm - Lottery News forum

Maryland Lottery changing broadcast network
The Maryland Lottery drawings will have a new home next month. The state Board of Public Works today is expected to award WBAL TV a four year, $10 million broadcasting contract to televise the drawings. The Maryland Lottery has been on WJZ TV for the last 12 years. WBAL TV will get about $2.5 million a year to show the drawings, up from the $1.4 million the state currently pays. Lottery director Buddy Roogow says WBAL pledged to advertise the games more frequently and air drawings on th ...
Dec 20, 2006, 2:21 pm - Lottery News forum

N.J. Lottery throws out GTECH contact
State to rebid lottery deal as lobbyist concerns arise Seeking to erase concerns the state's long-time lottery vendor might have enjoyed an inside edge in winning its latest contract, New Jersey state treasurer Bradley Abelow announced yesterday the state will rebid the job for the third time in 15 months. Abelow ended special hearings that have been going on before former state Supreme Court Justice Daniel O'Hern Jr. and said the department will move quickly to solicit new bids. Du ...
Oct 21, 2006, 11:53 pm - Lottery News forum

GTECH explains pricey N.J. Lottery contract
Seeking to justify a price tag of nearly $32 million more than a competitor to run the New Jersey's lottery for the next five years, representatives of the state's lottery operator said Wednesday that their system is more convenient for vendors and would result in less down time and lost revenues for the state. Representatives for GTech, which won a new contract despite bidding $106.7 million to Scientific Games' $75 million, said the higher price comes with more assurance that its terminals ...
Oct 12, 2006, 2:48 pm - Lottery News forum

Criminal probe sought in award of NJ Lottery contract
A New Jersey Assembly Democrat has asked for a criminal investigation into the role a Republican assemblywoman and her former lobbying firm played in helping the state's lottery operator gain a new contract despite bidding nearly $32 million more than a competitor. Assemblyman Reed Gusciora, D-Princeton, sent a letter Sept. 29 to Gregory A. Paw, director of the state Division of Criminal Justice, asking for an investigation to determine whether Assemblywoman Jennifer Beck, R-Red Bank, and her ...
Oct 10, 2006, 9:03 am - Lottery News forum