Camelot Pennsylvania bid postponed again

Camelot Pennsylvania bid postponed again

Wednesday, July 31, 2013 Totally Gaming

Camelot's deal to run the Pennsylvania Lottery is still alive after administration officials confirmed that the UK National Lottery operator had agreed to extend its bid to manage the lottery through till the end of August. The office of governor Thomas Corbett said the extension will give it more time to decide how to revise the contract in order to alleviate state Attorney General Kathleen Kane's concerns, after she ruled in February that the lottery deal violated the state constitution.

Under the proposed contract, Camelot would make annual guaranteed payments, and if lottery profits fell short of those amounts, the firm would reimburse the state for the shortfall from cash required to be held as collateral. Camelot also guaranteed a profit of $34bn over the life of the 20-year contract, concessions neither of which the state-run lottery could offer.  

Lawyers on Kane's staff though determined that the contract with Camelot usurped the authority of the legislature to regulate and manage the Pennsylvania Lottery.


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