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ICELANDIC GAMING TO RECEIVE AN ADDITIONAL 300 WINWAVE™ MACHINES FROM GTECH
WEST GREENWICH, RI - (November 2, 2006) - GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that it will provide Icelandic Gaming with an additional 300 WinWave T machines to be installed at retail locations throughout Iceland . This machine sale is the result of a successful pilot program Icelandic Gaming instituted with GTECH's video lottery terminal (VLT) manufacturer, Spielo, during the summer of 2006.
"GTECH understands the need for creative gaming technology. With WinWave, Icelandic Gaming can now offer its video lottery players a new and different gaming experience, while generating top net revenue and low operating costs," said W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO. "We look forward to broadening our relationship with Icelandic Gaming and to enhancing its video lottery operation with our newest technology."
"Success of the initial rollout of 20 WinWave machines was achieved by surpassing existing VLT revenues by more than 200 percent, due to such games as Spielo's Queen of Egypt and Royal Spins," said Magnus Snaebjornsson, Managing Director from Icelandic Gaming.
Over the next three years, GTECH will replace a portion of the Icelandic Gaming's existing VLTs, currently provided by another vendor, with WinWave machines.
Proceeds from Icelandic Gaming benefit the Icelandic Red Cross, the Icelandic Association for Search and Rescue, and the National Center of Addiction Medicine.
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.
