Back to Index
LOTTOMATICA’S GTECH SUBSIDIARY SIGNS FOUR-YEAR CONTRACT EXTENSION WITH WASHINGTON’S LOTTERY
GTECH to Receive Approximately $45 Million to $50 Million in Revenue
ROME (ITALY) – PROVIDENCE, RHODE ISLAND (U.S.), – (September 8, 2009) – Lottomatica Group announced that its wholly-owned subsidiary, GTECH Corporation, has signed a four-year contract extension with Washington’s Lottery to continue providing online lottery technology and ongoing services, as well as new self-service products and software enhancements. The contract extension will commence on July 1, 2012, and is expected to generate total revenues for GTECH in the range of $45 million to $50 million beginning in July 2012. Washington’s Lottery has been a valued GTECH customer since 1995. The Company currently provides the Lottery with a full range of products including GTECH’s Enterprise Series system solution, more than 4,000 Altura® terminals, approximately 4,000 Ticket-Scan™ machines, and 1,450 self-service lottery product vending machines.
“Customer retention is very important to the ongoing success of GTECH,” said GTECH President and CEO Jaymin B. Patel. “We have created a true partnership with Washington’s Lottery over the past 15 years. During that time, we have helped them to expand their retailer base into new locations, and we have provided them with greater content integration capabilities and improved flexibility to customize game offerings in their retail locations through a variety of self-service offerings. We value our relationship with Washington’s Lottery and will continue to assist them over the next several years to increase profits to fund important programs in Washington State.”
Under the extension terms, GTECH will provide Washington’s Lottery with Lottery to Go™ vending machines, adding to the existing lottery product vending machine network statewide. The Company will also provide central system software enhancements over the duration of the extension. Ongoing services including the operation and maintenance of the Lottery’s online/instant central system, terminals, and communications network, as well as field service, marketing support, and hotline management will also be provided to the Lottery by GTECH.
Lottomatica Group is a market leader in the Italian gaming industry and one of the largest Lottery operators in the world based on total wagers and, through its subsidiary GTECH Corporation, is a leading provider of lottery and gaming technology solutions worldwide. Together, the companies are the only vertically integrated full service lottery group. Lottomatica Group is majority owned by De Agostini, which belongs to a century-old publishing and media services group. Lottomatica is listed on the Stock Exchange of Milan under the trading symbol “LTO”. In 2008, the Company had approximately €2.1 billion in revenues and 7,500 employees in over 50 countries when combined with GTECH.
***
For further information:
Simone Piattelli Palmarini
Lottomatica Group S.p.A
Media Communications
T. (+39) 06 51899877
M. (+39) 335 5305097 |
Robert K. Vincent
GTECH Corporation
Public Affairs
T. (+1) 401 3927452 |
Giuliano Boggiali
Lottomatica Group S.p.A
Investor Relations
T. (+39) 06 51899020 |
This press release and the previous ones are available on Lottomatica and GTECH web sites: www.lottomaticagroup.com - www.gtech.com