Pa. Gov. extends lottery privatization contract
Gov. Tom Corbett's administration will continue its examination into the privatization of the management of the Pennsylvania Lottery for two more months.
The administration announced Tuesday that United Kingdom-based Camelot Global Services has agreed for an 11th time to extend its bid's expiration date, which was set to expire today. It now is good through Dec. 31.
Camelot, the lone company to submit a bid, committed to generating $34.6 billion in profits to fund lottery-funded programs f ...
Oct 30, 2013, 11:30 am - Lottery News forum
Pa. Gov. defends lottery privatization exploration
If privatizing the Pennsylvania Lottery's management isn't the answer to ensuring reliable and predictable funding for programs for older Pennsylvanians, what is?
That's the question that a spokesman for Gov. Tom Corbett raised in responding to state Treasurer Rob McCord call on Monday to pull the plug on the administration's lottery private management agreement (PMA) pursuit.
Our need is outpacing our ability to fund those programs, said Corbett press secretary Jay Pagni. The PMA is a ve ...
Oct 29, 2013, 8:10 am - Lottery News forum
Pa. Lottery privatization pursuit nears another deadline
Treasurer Rob McCord urges Corbett to drop the idea
The price tag for exploring Gov. Tom Corbett's idea for outsourcing management of the Pennsylvania Lottery has crossed the $4 million threshold and is marching toward the $5 million mark.
Recent revisions to the contract with the administration's outside legal advisers, DLA Piper, alone now allow it to be paid as much as $3.4 million.
That is up from the original $375,000 cap set when the firm was hired in March 2012 and has steadily r ...
Oct 28, 2013, 8:45 pm - Lottery News forum
Ireland National Lottery to be sold for €405M
An Post and the operators of the UK National Lottery are in line for a 405m (US$551.6 million) buyout of the Ireland National Lottery after Public Expenditure Minister said the consortium was the preferred applicant.
Brendan Howlin said the bid by Premier Lotteries Ireland, a consortium consisting of An Post and its pension funds and the Camelot group who operate the UK lottery, had met the Essential Requirements and has submitted the highest License Fee proposal .
Discussion on finalizing ...
Oct 3, 2013, 4:27 pm - Lottery News forum
Outsourcing Pa. Lottery management bid deadline draws near
Pennsylvania Gov. Tom Corbett once again finds himself days away from having to make a decision about what to do about his plan to privatizing the management of Pennsylvania Lottery.
The latest extension of a bid from United Kingdom-based Camelot Global Services, the only company to submit a bid to do this work, expires on Friday. It is the ninth extension to the bid's expiration date originally set to expire Dec. 31.
As of Wednesday morning, there was still no decision to accept it, rejec ...
Aug 28, 2013, 12:38 pm - Lottery News forum
Deal to let British firm run Pa. lottery still alive
The Corbett administration's deal with a British firm to run the Pennsylvania Lottery will remain alive at least for another month.
Administration officials said Tuesday that Camelot Global Services had agreed to extend through Aug. 30 its bid to manage the lottery. Corbett's office has sought a series of extensions since state Attorney General Kathleen Kane ruled in February that the lottery deal violated the state constitution.
Among other things, Kane said, lawyers on her staff had dete ...
Jul 31, 2013, 7:11 pm - Lottery News forum
Bid to privatize Pa. Lottery's management extended by a week
The British firm that is seeking to take over management of the Pennsylvania Lottery's management for the next 20 to 30 years has agreed to extend its bid's expiration date by a week.
The bid from Camelot Global Services was due to expire on Sunday.
Gov. Tom Corbett mentioned the extension during his post-budget news conference.
In its bid that originally was to expire Dec. 31 and has been extended now seven times, Camelot committed to generating lottery profits of $34.6 billion over th ...
Jul 2, 2013, 9:36 am - Lottery News forum
New Jersey Lottery signs 15-year deal with Northstar NJ
Private company to take over marketing, sales, other functions
Scientific Games Corporation today announced that Northstar New Jersey Lottery Group, LLC ( Northstar NJ ) has signed a long-term agreement to provide marketing, sales and other services to the New Jersey Lottery.
Services under the agreement are expected to begin on October 1, 2013 following a transition period and end on June 30, 2029.
Northstar NJ is a joint venture comprised of Scientific Games New Jersey LLC, a subsidia ...
Jun 21, 2013, 9:44 am - Lottery News forum
Union fails to derail NJ Lottery's privatization effort
But union still trying to overturn on appeal
The Christie administration is allowed move forward with its plan to have a private firm to take over parts of the New Jersey lottery after a state appellate court denied a request by the state's largest public workers union to block the deal.
But the court said it will speed up the process of hearing the Communication Workers of America's appeal of the contract.
It's the latest development in an ongoing, partisan debate over the future of th ...
Jun 12, 2013, 11:22 pm - Lottery News forum
N.J. treasurer says lottery privatization plan won't lead to layoffs
Plan may actually double the size of sales staff
The New Jersey state treasurer today defended the Christie administration's plan to privatize parts of the New Jersey Lottery and said he does not anticipate it leading to layoffs.
Andrew Sidamon-Eristoff appeared in front of the state Assembly Budget Committee in Trenton to publicly discuss the plan which has drawn staunch opposition from New Jersey's Democratic state lawmakers and U.S. congressmen for the first time.
We can re-energize ...
Apr 25, 2013, 6:42 pm - Lottery News forum