Corbett gets 24-hour extension on Pa. Lottery bid
HARRISBURG (AP) – Gov. Tom Corbett has another day to consider a bid by the British national lottery operator to take over management of the $3.5 billion Pennsylvania Lottery from state employees.
Thursday’s 24-hour extension came after Camelot Global Services agreed to a prior 10-day extension. The original deadline to decide on Camelot’s bid had been Dec. 31.
Corbett administration officials remain supportive of Camelot’s bid and say talks on a longer extension will continue today.
Camelot’s pledging $34 billion in lottery profits over 20 years, with extensions of up to 10 years possible certain performance benchmarks are met. Unionized state lottery employees have offered a counterproposal to keep the management in-house and are suing to block any agreement with Camelot.
The Senate Finance Committee has scheduled a Monday hearing on the matter.