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LOTTOMATICA ANNOUNCES THAT CAMELOT HAS SIGNED AN AGREEMENT TO OPERATE THE U.K. NATIONAL LOTTERY LICENSE UNDER A NEW 10-YEAR LICENSE
Lottomatica Subsidiary GTECH Corporation to Provide New Online Lottery Technology, Products, and Ongoing Services to Camelot
GTECH Expects to Receive In Excess of €600 Million in Revenue over the 10-Year License, Commencing in the Third Quarter of 2008
ROME (ITALY) - PROVIDENCE, RHODE ISLAND (US), September 13, 2007 - Lottomatica S.p.A. announced that Camelot Group plc has signed an agreement with the United Kingdom's National Lottery Commission for the next license to operate the U.K. National Lottery. The new 10-year license, which was awarded to Camelot following a competitive procurement, is expected to commence on February 1, 2009. Lottomatica subsidiary, GTECH Corporation, is a major lottery technology and services supplier to the successful Camelot consortium, and will provide a wide array of the latest lottery technology, interactive systems, and products to Camelot over the duration of the license. With respect to its agreement with Camelot, GTECH expects to receive in excess of €600 million in revenue over the 10-year license period, commencing in the third quarter of 2008. Camelot has been the operator of the U.K. National Lottery since its inception in 1994.
"We are pleased that the U.K. National Lottery Commission has chosen Camelot for its third lottery license," said W. Bruce Turner, CEO of Lottomatica S.p.A. and GTECH . "We are also gratified that Camelot has chosen to procure a wide range of the latest technology in the lottery industry from GTECH.
"As one of the top-performing lotteries in the world, the National Lottery has set the standard for excellence , raising more than £20 billion for the Good Causes in the U.K. since it began selling lottery games in 1994," continued Mr. Turner. "We value the relationship we have established with Camelot and the National Lottery, and we look forward to continuing to support their Good Causes with our latest technology solutions and services, well into the next decade."
Under the terms of the new license, GTECH will supply Camelot with over 27,500 integrated IMAGINET lottery terminals, which will be used to replace existing machines and also to grow the terminal base through retailer expansion . Prior to the commencement of the third license, GTECH will also convert the current online gaming system and instant-ticket system to GTECH's Enterprise SeriesT (ES) platform. In addition, GTECH will upgrade Camelot's existing interactive system with Enterprise Series Interactive (ESi), to provide a wider array of game offerings to players via channels such as the internet, mobile, and Internet-Protocol television (IPTV).
Additionally, GTECH has licensed to Camelot its ES Multimedia technology, enabling Camelot to manage an approximate 27,500 media screen network, displaying various forms of promotional and informational content.
Over the duration of the 10-year license, GTECH will provide ongoing services to Camelot including software development, technology project management and support; network design support; field maintenance; and central repair services .
Members of the Camelot Group consortium which bid on the new license include De La Rue , Cadbury Schweppes, Royal Mail Enterprises, Thales Electronics, and Fujitsu. Camelot will continue to be responsible for all aspects of the lottery operations, excluding the allocation of proceeds to the Good Causes as designated by the agencies appointed by the U.K. Government.
With more than 26,300 lottery retail terminals and £4,911.4 million in total lottery sales for its most recent fiscal year, the U.K. National Lottery is considered one of the most successful and efficient lotteries in the world.
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Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. 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 De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had approximately €1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.
For further information:
AD HOC Communication Advisors 02/7606741
Mario Pellegatta - Matteo Cidda 335/1415585
This press release and the previous ones are available on the web site: www.adhoccommunication.it
Lottomatica web site: www.gruppolottomatica.it
GTECH contact: Robert K. Vincent Public Affairs 1-401-392-7452
GTECH web site: www.gtech.com
