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GTech to buy Leeward Islands LotteryNews Story
World's largest lottery systems operator plans to acquire Caribbean-based Leeward for $40 millionGTech Holdings Corp., the world's largest lottery systems operator, on Monday said it would acquire a lottery operator based in the Caribbean for $40 million in cash.It said the acquisition of privately held Leeward Islands Lottery Holding Co., based in Antigua and St. Croix, gives it an entry to an important market. We believe the acquisition of LILHCo gives GTECH a strategic foothold in the Caribbe
Apr 5, 2004, 11:19 am - Todd - Lottery News

GTECH Completes Acquisition Of Interlott Technologies, Inc.News Story
GTECH Holdings Corporation today announced that it has completed the previously-announced acquisition of Ohio-based Interlott Technologies, Inc, a leading provider of instant ticket vending machines (ITVMs) for the lottery industry worldwide. The acquisition was approved at a special meeting of Interlott shareholders on Wednesday, September 17, 2003. The common stock of Interlott ceased trading today, September 18, 2003, and will no longer be listed on the American Stock Exchange.Interlott sha
Sep 18, 2003, 6:25 am - Todd - Lottery News

Florida Lottery Names GTECH For New Multi-Year ContractNews Story
GTECH Holdings Corporation (NYSE: GTK) yesterday announced that its wholly-owned subsidiary, GTECH Corporation, has been selected by the Florida Lottery as the apparent successful bidder to supply a new online and instant-ticket lottery system, lottery terminals, and related telecommunications network. The proposed six- year integrated services contract is expected to commence on February 1, 2005, and includes two two-year extension options. This decision by the Florida Lottery is the result of
Sep 4, 2003, 3:41 am - Todd - Lottery News

Company running most lottery games worldwide has history of scandalNews Story
The company behind the more than 16,000 machines that spit out New York Lottery tickets has been linked to scandals across the country and around the globe. Bribery allegations led a co-founder to quit his job as chairman. Its lobbyists have run afoul of the law in several states, including New York. Former government officials have received lucrative consulting contracts. And in summer 2006, an investigation in Texas found that the company, GTECH Holdings Corp., doled out tens of millions
Jan 31, 2007, 5:30 am - Todd - Lottery News

Board chooses GTECH, Scientific Games to run Tennessee lotteryNews Story
Tennessee's lottery will have two industry giants -- GTECH Corp. and Scientific Games International -- create and run its games for the first seven years.The Tennessee Education Lottery Corp. board unanimously voted Friday to award the contracts based on the recommendation of an internal committee that spent a month reviewing proposals.GTECH got the contract for online games; Scientific Games will run the instant ticket games.The value of the contracts is based on a percentage of net sales. Tenn
Nov 22, 2003, 8:31 am - Todd - Lottery News

Texas lottery raises concerns over GTECH's practices, ethicsNews Story
Lottery giant's merger with Lottomatica requires that Texas agree to keep its contract with the company GTECH Holding Corp.'s stock plummeted as much as 14 percent yesterday morning before rebounding after the Texas Lottery Commission and the Texas Department of Public Safety raised concerns about the company's business practices and ethical integrity. Investors, anticipating that Texas might adversely impact GTECH's pending $4.8-billion acquisition by Italy's Lottomatica SpA, sold off so
Jul 21, 2006, 10:45 am - Todd - Lottery News

N.C. Lottery Commission Awards Vendor ContractsNews Story
The North Carolina Education Lottery Commission awarded contracts for both instant-win tickets and lotto-style games to GTECH Holdings Corp. on Monday. The deals were estimated to be worth $19.2 million in the first year alone.Tom Shaheen, executive director of the lottery, said the selection process was fair, comprehensive, had the greatest integrity and achieved the best result. He said he felt good about the selection, adding: I think we have a really strong company. GTECH, which is headqua
Jan 31, 2006, 6:50 am - Todd - Lottery News

Gtech lottery, gaming units may be split in saleNews Story
If Gtech Holdings Inc. is sold, as recent reports suggest, it may be marketed in pieces to buyers interested in its global lottery operations and gaming equipment business, analysts told Bloomberg News.The Wall Street Journal published a report Tuesday indicating Gtech received an unsolicited expression of interest from Goldman Sachs Group Inc.'s private equity unit. Gtech, the world's biggest seller of computerized lottery systems, told Bloomberg News Monday it was considering an unsolicited
Sep 14, 2005, 7:21 am - Todd - Lottery News

GTECH says not linked to scandal in BrazilNews Story
A fired government aide met with executives from GTECH's Brazilian unit but was not involved in negotiations West Greenwich, Rhode Island-based GTECH Holdings Corp., the world's biggest supplier of online lottery systems, said yesterday a Brazilian government aide who was fired amid a probe of campaign finance allegations wasn't involved in extending the company's contract in the country.Waldomiro Diniz met with two executives from the company's Brazilian unit last year to discuss a contract dis
Feb 25, 2004, 4:33 am - Todd - Lottery News

Profit Soars at Lottery Operator GtechNews Story
Gtech Holdings Corp., the world's largest operator of lottery systems, posted a 40 percent jump in profit for its latest quarter, beating Wall Street estimates.West Greenwich-based Gtech also raised its fiscal 2004 earnings estimates again and predicted fiscal 2005 earnings would beat analysts' expectations.Net income for the third quarter ended Nov. 22 soared to $45.9 million, or 69 cents a share, from $32.8 million, or 58 cents a share, a year earlier.However, the latest results included a gai
Dec 17, 2003, 4:18 am - Todd - Lottery News