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NEW JERSEY WITHDRAWS NOTICE OF INTENT TO NEGOTIATE NEW LOTTERY CONTRACT WITH GTECH
Lottery Contract to be Re-Bid
WEST GREENWICH, RI - (October 23, 2006) - GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., was notified by t he New Jersey Department of Treasury (the Department) that it has withdrawn its notice of intent to negotiate a new Gaming Systems and Support Services contract with GTECH. As a result, the Department indicated it will release a new Request for Proposals (RFP) in the very near future.
In November 2005, following an open and competitive procurement process, New Jersey 's Division of Purchase and Property selected GTECH for the five-year contract. This award was subsequently challenged by a competitor. The New Jersey Treasurer determined that it was in the best interest of the state to cancel the protest process that was underway to deal with the competitor's challenge and re-bid the contract.
W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO, commented, "While we are obviously disappointed by this development, we recognize the importance of responding to the Department of Treasury's new RFP process in as timely and open a manner as possible. GTECH is confident that its upcoming proposal will reaffirm its earlier selection."
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.