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    <title>GTECH takes half ownership of Chinese lottery firm</title>
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    <description>Lottery Post News Story: GTECH takes half ownership of Chinese lottery firm</description>
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      <title>GTECH takes half ownership of Chinese lottery firm</title>
      <link>http://www.lotterypost.com/news/167808</link>
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      <pubDate>Fri, 21 Dec 2007 18:56:00 GMT</pubDate>
      <dc:creator>Todd</dc:creator>
      <description><![CDATA[Providence, R.I.-based lottery technology company GTECH Global Services Corp., a wholly-owned subsidiary of Italy's Lottomatica S.p.A., has spent $20 million to acquire 50 percent of Tabcorp International Hong Kong Ltd. (TIHK), a Chinese lottery provider.<br /><br />That 50-percent portion of Tabcorp is being spun into a separate entity and renamed CLS-GTECH Co. Ltd. The new entity is being formed to expand a nationwide KENO system for lotteries throughout China, according to company officials.<br /><br />Tab... [&nbsp;<a href="http://www.lotterypost.com/news/167808">More</a>&nbsp;]]]></description>
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