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Do you Feel State Lottery Should do Business with large foriegn based Lottery industries

never thought about it

[ 1 ]

[ 6.2% ]

No I dont aggree with the idea

[ 3 ]

[ 18.8% ]

ALL state Lotterys should be self controled

[ 9 ]

[ 56.2% ]

Foriegn companys should be banned

[ 3 ]

[ 18.8% ]

Total valid votes

[ 16 ]

Discarded votes

[ 4 ]

computerhead723

Buffalo
United States
Member #54,395
August 17, 2007
257 Posts
Offline

Oct 11, 2007, 9:57 pm

Should Getech be banned from doing Business with state controled lotterys ?

computerhead723

Buffalo
United States
Member #54,395
August 17, 2007
257 Posts
Offline

Oct 11, 2007, 9:59 pm

Quote: Originally posted by computerhead723 on Oct 11, 2007

Should Getech be banned from doing Business with state controled lotterys ?

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NEW YORK LOTTERY EXTENDS GTECH’S ONLINE/INSTANTS SYSTEM CONTRACT FOR AN ADDITIONAL THREE YEARS

PROVIDENCE, RI – (March 1, 2007) – GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that it has signed a three-year contract extension to continue providing lottery products and services to the New York Lottery through February 28, 2010. With respect to this contract extension, GTECH expects to receive in excess of $200 million in revenue over the three-year period.

“The New York Lottery is one of the most successful lotteries in the United States , with total online and instant ticket sales expected to surpass $6.5 billion in its fiscal year ending in March 2007,” said W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO. “We are grateful to the Lottery for their continued confidence in our Company, and are proud to be a partner in the commitment of our customers to maximize returns for their good causes, such as education.”

Under the terms of the contract extension, GTECH will continue its role as the Lottery's online and instant ticket system and ongoing service provider through February 2010. GTECH currently provides a variety of equipment and services for the Lottery including operation of the central system; system and terminal maintenance; field service; hotline management; and marketing support.

The New York Lottery has been a valued GTECH customer since 1986. As one of the top performing and most efficient lotteries in the world, New York 's Lottery will return to the state more than $2.3 billion in total aid to education this fiscal year on revenues generated across all gaming products.

GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider – a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by the De Agostini Group, a century-old publishing, media, and financial services company. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in FY 2005, had more than € 1.6 billion in revenues and 6,000 employees in over 50 countries when combined with GTECH.

LANTERN

Tx
United States
Member #4,570
May 4, 2004
5,180 Posts
Offline

Oct 12, 2007, 2:57 am

Why is it worse now, just because the Italians bought it?
Drivedabizness

Northern California
United States
Member #19,947
August 9, 2005
155 Posts
Offline

Oct 12, 2007, 2:47 pm

I guess I don't get the original poll question - didn't seem to be an option there for "I think its OK" - all the options seemed the be variations of "no - don't let the foreigners do it". That kind of compromises the poll, IMO.

Full disclosure - I actually did consulting fork for Goldman (indirectly) in assessing valuation of GTECH for the buyout.

My first question is - what is the premise here? That only US controlled companies should be able to provide lottery systems in the US? That approach seems (at the least) to be antiquated in a global economy. No one complained when a US based company (then GTECH) had 75% world market share in lottery contracts - and the benefits that brought to the US economy (payroll manufacturing of terminals & equipment, etc.). The same applies to Scientific Games - who has extensive worldwide instant ticket share. And of course, Greek-owned Intralot has begun to purchase market share here in the US.

Not one bit of contractual obligation changed with the change in GTECH control, and every lottery had to approve the transaction. Each lottery retains the right to demand contract satisfaction.

The "Lotteries should run everything on their own" option is laughable. For one, it hasn't worked well in the few states that have tried it. They do not have the expertise and end up spending way more trying to develop their own technology, which often doesn't work, than the provate sector does for things that HAVE to work.
Wintariofan

Kingston, Ontario
Canada
Member #46,866
October 5, 2006
106 Posts
Offline

Oct 12, 2007, 2:50 pm

I discarded my vote ... on the premise that the best way to run a lottery is to have the direct state run the lottery themselves, as they do in Canada. If they did, by not running with private operators or outside groups, then the state could technically run tax free games. Since lotteries began here in Ontario in 1975, over 23 billion dollars has been generated for sports, culture, recreation, hospitals, culture and learning. More money can be pumped into towns, villages, and projects. No middle man. They are also more accountable -- or can be scrutinized better. The problems in Ontario this year proves that the government won't put up with flawed systems. We now have stringent regulations that have never been seen before. You can not buy or redeem a lottery ticket without signing it or proving its yours. If its a large win, a background check is made on where and how you bought the ticket, how was your selections bought, and your affiliation (if any) with the lottery. Complete integrity is a work in progress, by having outside groups run the games, you run a chance on harming a usually solid lottery system. Trust is not given...it is earned.

"Together We're Making Good Things Happen, Ontario's Lotteries...WE ALL WIN"
computerhead723

Buffalo
United States
Member #54,395
August 17, 2007
257 Posts
Offline

Oct 13, 2007, 6:34 am

Quote: Originally posted by Wintariofan on Oct 12, 2007
I discarded my vote ... on the premise that the best way to run a lottery is to have the direct state run the lottery themselves, as they do in Canada. If they did, by not running with private operators or outside groups, then the state could technically run tax free games. Since lotteries began here in Ontario in 1975, over 23 billion dollars has been generated for sports, culture, recreation, hospitals, culture and learning. More money can be pumped into towns, villages, and projects. No middle man. They are also more accountable -- or can be scrutinized better. The problems in Ontario this year proves that the government won't put up with flawed systems. We now have stringent regulations that have never been seen before. You can not buy or redeem a lottery ticket without signing it or proving its yours. If its a large win, a background check is made on where and how you bought the ticket, how was your selections bought, and your affiliation (if any) with the lottery. Complete integrity is a work in progress, by having outside groups run the games, you run a chance on harming a usually solid lottery system. Trust is not given...it is earned.

thats my vote also I want the state to control it all ...the tickets should be bought here in NY and printed ad the connection with terminal leaseing sould be banned;
just think a precentage of every dollar spent in lottery goes to outside contractors,what about the players were never guareenteed anymoney back>
computerhead723

Buffalo
United States
Member #54,395
August 17, 2007
257 Posts
Offline

Oct 13, 2007, 6:44 am

Quote: Originally posted by Drivedabizness on Oct 12, 2007
I guess I don't get the original poll question - didn't seem to be an option there for "I think its OK" - all the options seemed the be variations of "no - don't let the foreigners do it". That kind of compromises the poll, IMO.

Full disclosure - I actually did consulting fork for Goldman (indirectly) in assessing valuation of GTECH for the buyout.

My first question is - what is the premise here? That only US controlled companies should be able to provide lottery systems in the US? That approach seems (at the least) to be antiquated in a global economy. No one complained when a US based company (then GTECH) had 75% world market share in lottery contracts - and the benefits that brought to the US economy (payroll manufacturing of terminals & equipment, etc.). The same applies to Scientific Games - who has extensive worldwide instant ticket share. And of course, Greek-owned Intralot has begun to purchase market share here in the US.

Not one bit of contractual obligation changed with the change in GTECH control, and every lottery had to approve the transaction. Each lottery retains the right to demand contract satisfaction.

The "Lotteries should run everything on their own" option is laughable. For one, it hasn't worked well in the few states that have tried it. They do not have the expertise and end up spending way more trying to develop their own technology, which often doesn't work, than the provate sector does for things that HAVE to work.

well I don't know if your right or wrong about "
(For one, it hasn't worked well in the few states that have tried it. They do not have the expertise and end up spending way more trying to develop their own technology, which often doesn't work, than the provate sector does for things that HAVE to work. ):
Every state is different and its pile of qualified personal ; I know NY could print and design instant tickets : and most of the terminals could also be designed as well ;
the quick way cost the players Billions of dollars by behind the sceins deals with Big business : to me its more than entertainment;
pumpi76

Honduras
Member #20,981
August 29, 2005
4,715 Posts
Offline

Oct 15, 2007, 2:11 am

I wouldn't want playing the italian lottery....The italian Lottery is the worse lottery in the world, next to NY....Talking about a pick5/90, i don't know in God hell whose idea was that and whoever company invented i don't want a part of that company weither they are italians or whoever...
computerhead723

Buffalo
United States
Member #54,395
August 17, 2007
257 Posts
Offline

Oct 21, 2007, 3:47 am

Quote: Originally posted by Drivedabizness on Oct 12, 2007
I guess I don't get the original poll question - didn't seem to be an option there for "I think its OK" - all the options seemed the be variations of "no - don't let the foreigners do it". That kind of compromises the poll, IMO.

Full disclosure - I actually did consulting fork for Goldman (indirectly) in assessing valuation of GTECH for the buyout.

My first question is - what is the premise here? That only US controlled companies should be able to provide lottery systems in the US? That approach seems (at the least) to be antiquated in a global economy. No one complained when a US based company (then GTECH) had 75% world market share in lottery contracts - and the benefits that brought to the US economy (payroll manufacturing of terminals & equipment, etc.). The same applies to Scientific Games - who has extensive worldwide instant ticket share. And of course, Greek-owned Intralot has begun to purchase market share here in the US.

Not one bit of contractual obligation changed with the change in GTECH control, and every lottery had to approve the transaction. Each lottery retains the right to demand contract satisfaction.

The "Lotteries should run everything on their own" option is laughable. For one, it hasn't worked well in the few states that have tried it. They do not have the expertise and end up spending way more trying to develop their own technology, which often doesn't work, than the provate sector does for things that HAVE to work.

Well I will ask you this what other country in the world would let a forigen company run or do business from a government controled enterprise....its an American controled business or tax ...its open to the world to play but ownership should be state controled ..;
guesser

United States
Member #41,382
June 16, 2006
1,969 Posts
Offline

Oct 22, 2007, 2:13 am

Aren't answer choices 2 and 4 the same, to some extent ?

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