Camelot Extends Bid For Penn State Lottery For The Ninth Time

July 31st, 2013   ·   Add Your Comment Now...

Gov. Tom Corbett’s administration seems intent of giving every chance for lottery operators Camelot to obtain the management contract for the Pennsylvania Lottery.  And Camelot Global Services has reportedly agreed to extend its bid, which was set to expire July 31, to a new deadline of August 30.  This is the ninth bid extension.

Camelot, the only bidder for the lottery management contract, has set terms that guarantee $34.5 billion in revenue over the next 20 years.  Gov. Corbett claims this is $3 to $4.5 billion more than the current management is expected to make in the same period.

Opponents of the proposed privatization say there is no need to outsource the management of a lottery that has produced record breaking revenues in the past couple of years.

Read more in http://www.pennlive.com/midstate/index.ssf/2013/07/pennsylvania_lottery_outsourci.html

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