Pa. Receives Only One Bid In Lottery Privatization Plan

Law360, Philadelphia (November 21, 2012, 6:22 PM EST) -- The Pennsylvania Revenue Department said Tuesday it had received only one bid in its effort to privatize the state’s lottery system after two other interested companies dropped out of the process before the deadline to submit proposals passed on Nov. 16.

Although Camelot Global Services PA LLC, a subsidiary of the U.K.-based Camelot Group of Companies, offered more than $12 billion worth of profit commitments to the state over 10 years, according to a bid tabulation released by the department, officials confirmed that two other companies...
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