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Texas Lottery chairman OK with GTECH saleNews Story
The Texas Lottery Commission questioned the chief executive of lottery operator GTECH Corp. for more than three hours on Wednesday about accusations it used unsavory tactics to win or keep business in several countries, but the panel's chairman said he saw nothing unsuitable in the company's sale to an Italian firm. Investors feared a highly critical Texas Department of Public Safety report delivered to the commission last month could hinder GTECH's sale to Italian lottery operator Lottomatic
Aug 18, 2006, 2:15 pm - Todd - Lottery News

GTECH sale closer as more states approveNews Story
The sale of West Greenwich-based GTECH Holdings Corp. to Italian lottery giant Lottomatica SpA this week inched toward completion. Lottomatica said that the state lotteries would continue existing contracts with GTECH, which it plans to buy in a $5 billion deal that would create the world's biggest lottery operator. Lottomatica had asked various U.S. states to confirm that the deal would not hurt existing lottery concessions when it launched the takeover earlier this year. Most states
Jul 28, 2006, 9:48 am - Todd - Lottery News

Brazil lottery cancels GTECH contract over Lottomatica acquisitionNews Story
GTECH Holdings Corp., which has agreed to be bought by Italy's Lottomatica, said on Tuesday that its contract to provide lottery services to its largest customer, Brazil, will not be renewed. The contract will expire on Aug. 13, the company said in a filing with the U.S. Securities and Exchange Commission. Its subsidiary, GTECH Brasil Ltda, has provided lottery services to the operator of Brazil's national lottery, Caixa Economica Federal, since 1997. Revenue from the contract accounted
Aug 9, 2006, 9:39 am - Todd - Lottery News

Ohio Lottery backs GTECH, Lottomatica dealNews Story
The Ohio lottery has confirmed that the planned takeover of U.S. lottery operator GTECH by Italy's Lottomatica would not hurt GTECH's lottery concession there, Lottomatica said on Thursday. Lottomatica plans to buy GTECH in a $5 billion deal that would create the world's biggest lottery operator, but one of the deal conditions laid down by Lottomatica is that it would not lose GTECH's lottery operating concessions in the United States. Illinois, New York, Missouri, California, Michigan and
Aug 11, 2006, 5:57 pm - Todd - Lottery News

Texas Lottery confirms that Quick Picks are not generated by "central computer"Reply
The other one you're trying to think of is GTECH, which I think is what Texas uses. GTECH is the largest lottery equipment and services company in the world, and has the largest US market share. In 2006, GTECH was bought by Lottomatica Group, an Italian company, but GTECH has maintained its corporate identity as well as its headquarters in Providence, R.I.
Nov 24, 2008, 9:47 pm - Todd - Lottery Discussion Forum

GTECH's 1Q earnings up 31 percentNews Story
Gtech Holdings Corp., the world's largest operator of lotteries, Tuesday posted a 31 percent jump in profit for its latest quarter, helped by continued strong sales.The West Greenwich-based company also boosted its full-year earnings expectations because of a reduction in its tax rate.The company reported net income of $53.6 million, or 80 cents a share, for the first quarter ended May 29, up from $41 million, or 68 cents, a year earlier.The latest quarter included a one-time gain of $6.4 millio
Jun 23, 2004, 7:11 am - Todd - Lottery News

Lottery giant GTECH lays off 31 R.I. employeesNews Story
Lottery giant GTECH Corp. laid off 31 employees in Rhode Island two weeks ago as part of a larger round of worldwide cuts by its parent company, a spokesman said Tuesday. The job cuts took place on Nov. 17 at a number of the company's facilities in the state, said Robert Vincent, senior vice president for corporate affairs at GTECH, a subsidiary of the Italian company Lottomatica SpA. The parent company eliminated about 80 positions across its divisions, he said. Like most good companies,
Dec 1, 2009, 8:42 pm - Todd - Lottery News

Ohio Senate bill includes privatizing lotteryNews Story
Critics say gaming corp. drafted language The Ohio Senate's latest version of the state budget bill includes language to privatize the Ohio Lottery that is nearly identical to legislation drafted by a gaming company hoping to manage the $2.5 billion agency's day-to-day operations. The language, drafted by GTECH, an industry giant that once ran the Ohio Lottery's back-office operations, was added to the massive budget bill virtually unchanged and without any public hearing. The inclusion of
Jun 2, 2011, 7:21 am - Todd - Lottery News

Kansas Lottery officials mull GTECH systems failureNews Story
Kansas Lottery officials already had more than their hands full with the selection of gaming license applicants for their four casinos so they really didn't need another problem. But, there it is: a casino data systems failure from GTECH, the Providence-RI-based firm that manages the state's lottery activities. It was defective software, pure and simple, said Ed Van Petten, lottery executive director, in describing the systems failure. GTECH, a former publicly-traded American company, was
Jul 15, 2008, 11:00 pm - Todd - Lottery News

GTECH explains pricey N.J. Lottery contractReply
GTECH Corporation has MORE resources than any other gaming corporation that exists at this point. I believe they run 29 out of 34 states and around 56 lotteries outside the U.S. They run Louisiana, Florida, Texas, Illinois, Georgia...and many more. My spouse USE to be the GTECH Operations Manager for ILllinois for years. His comparison of GTECH to other gaming corporations... It depends on what kind of vehicle you want to get you there...a Cadillac or a Pinto?
Oct 13, 2006, 7:54 pm - Rubi 311 - Lottery News