$5k Minimum Rebid Angers Club, Video Lottery Operators

Charleston Gazette › July 09, 2010

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Summary

Lottery commissioners set the count and minimum amount Thursday for the first round of rebidding of the 10-year Limited Video Lottery licenses - but left video lottery operators fuming that the process will end up putting many locations out of business.

"I think it's terrible. They have no clue what they're doing," LVL operator Anthony Sparchane complained after the emergency meeting.

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Extract

$5k Minimum Rebid Angers Club, Video Lottery Operators

For the first round of bidding, to start in early August, commissioners approved putting 5,000 LVL licenses up for bid, with a minimum bid amount of $5,000 per licens...

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