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Northstar: Targets for Illinois Lottery should be reduced

14th September 2012 9:09 am GMT

Northstar Lottery Group, the private management firm in which Lottomatica’s GTECH Corporation holds an 80 per cent controlling interest, has received a preliminary determination from an independent third party which claims that the company is entitled to downward adjustments to its financial targets due to certain actions taken by the state of Illinois.

Under the private management agreement (PMA) signed with Illinois, Northstar guaranteed a minimum profit level for each of the [...]

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