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GTECH SIGNS THREE-YEAR ONLINE LOTTERY CONTRACT EXTENSION WITH THE KENTUCKY LOTTERY
WEST GREENWICH, RI - (October 9, 2006) - GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that it has signed a three-year contract extension with the Kentucky Lottery Corporation to continue providing online lottery products and services through June 30, 2011 . GTECH expects to receive approximately $15 million in revenue over the three-year contract extension.
"This extension is evidence of the Kentucky Lottery's continued confidence in GTECH's ability to provide comprehensive products and services," said W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO. "Working together, we will continue to assist the Lottery in their ongoing efforts to maximize sales and generate revenue to support college scholarship and grant programs in Kentucky ."
Under the terms of the extension agreement, GTECH will continue to provide ongoing services including central system and terminal maintenance; retailer training; marketing support; hotline management; and field services.
The Kentucky Lottery Corporation has been a valued GTECH customer since 1989 when the Lottery began sales. Proceeds from the Lottery benefit the Kentucky Educational Excellence Scholarship (KEES) Program, the College Access Program, and the Kentucky Tuition Grants Program. Kentucky Lottery proceeds have provided more than 708,000 of these grants and scholarships worth $817 million since 1999.
GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider - a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by the De Agostini Group, a century-old publishing, media, and financial services company. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in FY 2005, had more than € 1.6 billion in revenues and 6,300 employees in over 50 countries when combined with GTECH.
