Lottery contract amended to address legislative concerns | Arkansas Blog

Lottery contract amended to address legislative concerns

by

3 comments
The executive subcommittee of the Legislative Council will consider Monday an amendment of a contract between the Arkansas Lottery and Camelot Global Consulting in response to desires of legislators at an earlier hearing.

The modified contract provides mainly that the consultant won't receive a commission, beginning at 12.5 percent on increases in lottery sales beyond $72.28 million, if the lottery decides not to adopt the business plan it presents.

Camelot has 14 weeks to deliver a plan and the lottery then has 10 days to accept or reject it, but may not reject it "unreasonably."

In addition to potential bonuses based on sales, Camelot will be paid $650,000 a year, plus $100,000 in expenses, for consulting.

For those keeping track of lottery developments, here's the amendment.
The change grew out of objections raised by Sen. Jimmy Hickey of Texarkana when the contract was approved a week ago. He said Camelot shouldn't get bonuses if the state didn't follow its plan. The amendment arises from legislators' instruction that this protection be included.

From the ArkTimes store

Comments (3)

Showing 1-3 of 3

Add a comment
 

Add a comment

Clicky