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Northstar fined for missing Illinois Lottery profit targets

19th March 2013 10:27 am GMT

The Illinois Lottery has confirmed that its private manager Northstar Lottery Group must repay the state $20m in compensation after falling short of its net income target for the 2012 financial year.

In obtaining its deal to manage the lottery, Northstar initially committed to generating $851.2m in net income for the year. However, this net income target was eventually reduced to $822.8m after a third party reviewed Northstar’s requests for a downward adjustment due to certain [...]

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