Archive for June 11th, 2008
Slots hit local lottery sales (Times Leader)
State revenue figures show the Pennsylvania Lottery is on pace to set a new sales record exceeding $3.1 billion for the fiscal year that concludes June 30, with sales through May about 2 percent higher than a year ago.
Posted: June 11th, 2008 under Uncategorized.
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Kentucky lottery unveils restructuring (The Gleaner)
LOUISVILLE — Kentucky’s lottery is cutting its work force, closing an office and changing low-tiered payouts in moves aimed at turning over more money to the cash-strapped state.
Posted: June 11th, 2008 under Uncategorized.
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Casinos may be squeezing state lottery revenue (Pittsburgh Post-Gazette)
HARRISBURG — Since slots gaming opened in Pennsylvania in November 2006, counties with casinos have seen a reduction in state lottery sales compared to non-casino counties, a report released yesterday said.
Posted: June 11th, 2008 under Uncategorized.
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Maharashtra govt to formulate measures to regulate lottery (Outlook India)
The Maharashtra government will host a high level meeting next month to formulate effective and transparent measures to regulate lottery, in which many poor people get involved and ruin their lives.
Posted: June 11th, 2008 under Uncategorized.
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Lottery cutting 28 jobs, advertising to meet goal (Louisville Courier-Journal)
The Kentucky Lottery Corp. will lay off 25 people, reduce advertising and eliminate some cash-prize payouts to meet its mandate of turning back more money to the state.
Posted: June 11th, 2008 under Uncategorized.
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Lottery Scholarship Program Finances Are Improving (KOAT Albuquerque)
A lottery-supported college scholarship program for New Mexico students is back on track to long-term financial stability.
Posted: June 11th, 2008 under Uncategorized.
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Lottery Prizes Reduced (WTVQ Lexington)
State budget problems are impacting everything, including the lottery. The Kentucky Lottery Corporation is reducing cash prizes to guarantee more of its proceeds go to state government. Lottery officials say they’re reducing cash prices for winning scratch-off tickets and cutting advertising expense and $1.5 million. The lottery board […]
Posted: June 11th, 2008 under Uncategorized.
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Kentucky lottery unveils restructuring (Lexington Herald-Leader)
The Kentucky Lottery Corp. is cutting its work force and reducing some prizes to guarantee more of its proceeds go to cash-strapped state government. The lottery’s board approved a plan Wednesday that will eliminate 28 positions - or 13 percent of the total workforce. Three of those positions are already vacant. […]
Posted: June 11th, 2008 under Uncategorized.
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Kentucky lottery unveils restructuring (FOX 19 Cincinnati)
LOUISVILLE, Ky. (AP) - The Kentucky Lottery Corp. is cutting its work force and reducing some prizes to guarantee more of its proceeds go to cash-strapped state government.
Posted: June 11th, 2008 under Uncategorized.
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Jackpot idea! SEBI-like body to regulate lottery business planned (HT via Yahoo! India News)
Anticipating a major boom in the sector, the government is considering setting up an authority on the lines of the Securities and Exchange Board of India (SEBI) to regulate the Rs 50,000 crore lottery business in the country. The New Delhi-based National Institute of Financial Policy (NIFP) has been entrusted with drafting out the framework […]
Posted: June 11th, 2008 under Uncategorized.
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