Thursday, Aug 28, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Illinois to end relationship with lottery vendor

$275,000 winning Lottery ticket sold in Quincy

Recent Comments

HowdyHey - Lovelace indicted in wife\'s death - Quincy, IL News - QuincyJournal.com
I'd really like to know what the 'new evidence' is. because I don't think heresay can legally be used as evidence.
GoSalukis - Lovelace indicted in wife\'s death - Quincy, IL News - QuincyJournal.com
Your grammar and sentence structure is elite.
GoSalukis - Lovelace indicted in wife\'s death - Quincy, IL News - QuincyJournal.com
Bud Niekamp votes no!
QyFiredUp - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
WTH do you have to to tie my water usage to my freaking garbage bill ?? When I water my grass or garden, how much solid waste does that produce ? NONE. Have a pay-per-throw program and make those who who generate the most trash pay for it. Is that too simple for everyone ?
whiner1 - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
Hopefully there will never be enough of you people that would just throw everything in a landfill and keep on consuming, to have your way. Responsible citizens recycle on their own and would even pay to do it. The rest of you need a little coaching, prodding, and even public criticism, when you fail to see the value and social responsibility of recycling.

Most Popular

Lovelace indicted in death of first wife Updated

City of Quincy looking to buy new garbage and recycle fleet

Quinsippi Yacht Club hosting Hogback Party on Saturday

Committee prepares to hear Garbage and Recycling pitch

Quincy School Board gets first look at $70.3 million budget

Gems sale not yet final

Mercantile Vice President appointed to the Trust Education Foundation Board

Adams Co. Real Estate Transfers from Aug. 18 to Aug. 22

Lottery contractor likely $200 million short on profits

2 months ago Associated Press

Northstar Lottery Group says the state has hamstrung them

From Associated Press:

Illinois' private lottery contract has never reached the lofty sales promises it used to win a bid four years ago and is expected to fall more than $200 million short of what it owes the state when the budget year ends June 30.

But Northstar Lottery Group says it's been hamstrung by state officials, with whom they have an already frosty relationship and accuse of throwing up road blocks -- from canceling games it wanted to launch to prohibiting the sponsorship of Chicago's Pitchfork Music Festival in 2013 because of headliner R.Kelly.
 
Regardless, Northstar's 10-year contract with the state details that falling short of its goals by 10 percent two years in a row is grounds for ending the partnership, no questions asked. It missed targets by almost 20 percent last year, and is on track to do the same this year.

A top lawmaker has said he's disappointed because a massive construction program was supposed to be funded with money Northstar claimed it could deliver.

The lottery giant's contract has been under scrutiny from the start. A report released by Illinois Auditor General Bill Holland just days before Northstar took over in July 2011 showed irregularities in the decision-making process to select the corporation. In one case, a panel member submitted his evaluations of proposed business plans for the $2 billion state lottery after Northstar won the bid.

Yet, company CEO Tim Simonson says it has done well despite factors working against it.

"Those were ambitious goals we set for ourselves, and we have fallen short of those goals. But the full perspective, we believe is important," Simonson said, arguing that his company has run the lottery better than the state.

In some cases, that's true. Northstar boosted lottery profits by almost 10 percent in 2012 and improved income is expected -- even if marginally -- this year. Plus, Illinois has accumulated millions of dollars in penalty payments from the company when lottery profits don't reach expectations.

Lottery customer service has improved dramatically, said Todd Jenney, the CEO for Huck's Convenience Stores. But his lottery sales haven't noticeably improved, which Jenney partly attributes to a cigarette tax increase and high fuel prices.

When Northstar took over the 40-year-old program, it promised contributions of $1 billion to the state in the fifth year of its contract. But it has been about $400 million short since in its first three years -- money that is supposed to go toward schools, charitable organizations and a $31 billion capital construction program launched in 2009.

When Northstar fails to deliver, the state gets penalty payments that make up for part of the shortfall. State lottery officials and the company can also raise or lower the amount owed based on market changes.

The company has requested about $900 million in "downward adjustments" to reduce what it owes the state --including a quarter-billion dollars just months after the takeover.

Click Here to Read Full Article


From the Newsroom

Bob Gough on Twitter

Bob Gough 1 hour, 5 minutes ago

@ursadailynews Somebody needs to wear their seatbelt. #dontyouknowwhoiam
Bob Gough on Twitter

Bob Gough 2 hours, 48 minutes ago

RT @jasonrmcintyre: ESPN's President personally reached out to Jeff Fisher to apologize for Showergate ['gate' is mandatory, right?] http:/…
QuincyJournal on Twitter

QuincyJournal 3 hours, 15 minutes ago

Lovelace indicted in wife's death - Cory Lovelace died in 2006; Former Adams Co. Assistant State's Attorney taken ... http://t.co/sMP48UsnXQ
Bob Gough on Twitter

Bob Gough 6 hours, 3 minutes ago

@Survey1215 Matheny needs to play a bunch of @StratOMatic this offseason. Like 10,000 games.