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LOTTOMATICA GROUP SUBSIDIARY GTECH SIGNS FIVE-YEAR CONTRACT EXTENSION WITH SAZKA IN THE CZECH REPUBLIC TO PROVIDE PRODUCTS AND SERVICES THROUGH 2022
GTECH TO INSTALL NEW IP-TELECOMMUNICATIONS NETWORK
ANTICIPATED REVENUES TO GTECH OF APPROXIMATELY €120 MILLION OVER THE EXTENSION, COMMENCING IN 2018
ROME (ITALY) and PROVIDENCE, RI (USA) – February 09, 2010 – Lottomatica Group S.p.A. announced that its subsidiary, GTECH Global Services Corporation, has signed a five-year contract extension to continue providing online lottery products and services, as well as install and operate a new IP-telecommunications network, for SAZKA, a.s., the operator of lottery and betting games in the Czech Republic. The contract extension will commence on January 1, 2018, and is expected to generate revenues to GTECH of approximately €120 million, beginning in 2018.
“GTECH looks forward to continuing the strong relationship the Company has developed with Sazka since 1993,” said GTECH President and CEO Jaymin B. Patel. “As this partnership with Sazka continues, we will work closely to build optimal growth plans and supporting initiatives, ensuring their continued and long-term success. We are very pleased to be a part of building Sazka’s future strategy and are grateful for this expression of confidence on the part of our customer.”
“With Sazka, GTECH has now extended 14 contracts over the past 15 months, a noteworthy achievement as the majority of these extensions were granted beyond the initial terms of the original contract,” continued Mr. Patel. “This is a testament to the Company’s skills and competencies, but also to the value of the partnerships we have cultivated with our customers, such as Sazka, over the years.”
Under the terms of the extension, GTECH will continue to operate and maintain Sazka’s online and instant-ticket system, as well as the 7,000 GTECH-provided online lottery terminals already in operation. In addition, GTECH will invest in and upgrade Sazka’s existing communications infrastructure to a new satellite-based IP network. The Company will continue to provide telecommunications network operation and maintenance and hotline management for Sazka over the extension period.
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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 Group is listed
on the Stock Exchange of Milan under the trading symbol "LTO". In 2008, Lottomatica
Group had approximately €2.1 billion in revenues and 7,500 employees in over 50
countries when combined with GTECH.
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For further information:
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Robert K. Vincent
GTECH Corporation
Public Affairs
T. (+1) 401 3927452 |
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This press release and the previous ones are available on Lottomatica and GTECH web sites: www.lottomaticagroup.com - www.gtech.com