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GTECH to earn $85M from Missouri lottery contractNews Story
GTECH Holdings Corporation announced Thursday that its wholly-owned subsidiary, GTECH Corporation, was chosen by the State of Missouri to provide a new online lottery central system, terminals, and ongoing services under a proposed seven-year integrated services contract.The contract is expected to commence July 1, 2005 with the option to renew the contract for up to eight years beyond the expiration date of June 30, 2012.GTECH expects to generate approximately $85 million over the seven-year te
Dec 17, 2004, 3:10 pm - Todd - Lottery News

GTECH gets 90-day contract extension with Colorado LotteryNews Story
GTECH Holdings Corporation today announced that the Colorado Lottery, under the provisions of its original contract with GTECH, has granted the West Greenwich-based company a 90-day contract extension.GTECH's current contract with the lottery is set to expire on October 31, 2004, GTECH said.The Colorado Lottery had selected Scientific Games Corporation as its vendor to provide equipment and services for a new integrated online and instant-ticket lottery system in October 2002, following a compet
Oct 13, 2004, 8:42 am - Todd - Lottery News

GTECH completes acquisition of lottery companyNews Story
U.S.-based GTECH Holdings Corp. said Thursday it had closed a $40 million deal to buy an Antigua-based lottery company.The all-cash deal also gives the lottery giant licenses to operate games in Antigua and Barbuda, Anguilla, St. Kitts and Nevis, St. Maarten and Saba and St. Eustatius, and Turks and Caicos.GTECH said the acquisition of Leeward Islands Lottery Holdings Co. would add between $20 million and $25 million to the company's $1 billion in annual gross revenues. Leeward should provide $6
May 7, 2004, 7:11 am - Todd - Lottery News

GTech gets deal for new online terminals from Spain’s national lotteryNews Story
GTech Corp of West Greenwich, R.I., has won a sale to provide new online lottery terminals to Sistemas Tecnicos de Loterias del Estado (STL), the operator of the online system for the National Lottery in Spain. According to the company, the deal could be worth as much as $9 million.Under the terms of the agreement, STL will replace 2,500 Spectra online lottery terminals with 2,500 Altura terminals. In addition, GTech will continue to provide STL with terminal maintenance and repair services.STL
Jan 9, 2004, 10:30 am - Todd - Lottery News

Big lottery vendor dogged by controversyNews Story
GTECH expected to bid for online games in TennesseeScandal and suspicion have marked GTECH's 22 years in the lottery business. But so has spectacular success.The company, which is expected to bid on the Tennessee lottery's online games contract, helps run lotteries in 26 states and 42 other countries. Its revenues exceed $1 billion a year, spokesman Bob Vincent said.But GTECH, which is based in West Greenwich, R.I., also has run into trouble, especially in the 1990s. In Georgia, where Tennessee
Oct 20, 2003, 7:59 am - Todd - Lottery News

Texas lottery officials concerned about sale of GTECHNews Story
The Rhode Island company that operates many of the Texas lottery's most popular games is up for sale, and state officials are looking to hire an independent law firm to help them ensure that any potential buyer is committed to upholding the company's contractual commitments.Lottery officials told a legislative oversight panel this week that Gtech Corp., which has been under contract to the state agency since the lottery was established in 1992, has received an acquisition offer from an unnamed g
Nov 16, 2005, 11:25 am - Todd - Lottery News

GTECH lands 5-year deal with Finland lotteryNews Story
Lottery systems operator Gtech Holdings Corp. reported Monday that it signed a five year deal with the Finnish national lottery.Veikkaus Oy, the operator of the Finnish national lottery, awarded the contract to Gtech to replace the country's existing lottery system with new software and terminals as well as provide ongoing services for the systems. The contract has automatic provisions for two, two-year extensions which would extend the contract until 2013.The company expects to generate $38 mil
Dec 21, 2004, 9:59 am - Todd - Lottery News

GTECH Moves Jobs From Ohio To Rhode IslandNews Story
GTECH, one of the largest suppliers in the lottery industry, will eliminate 130 jobs in Ohio, moving those job functions to Rhode Island.Starting April 1, Interlott Technology Inc. will be moved by parent company GTECH Holdings Corp. to its headquarters in West Greenwich, R.I. The move should be completed by September, company officials said.Interlott makes instant ticket lottery machines, and was acquired by GTECH in September for $85 million.A company spokeswoman said relocation assistance wi
Feb 2, 2004, 5:11 am - Todd - Lottery News

GTECH lottery systems built to handle blackoutNews Story
If someone you know bought a lottery ticket in Ohio, Michigan or New York in the seconds before the power went out Thursday, don't worry.That ticket is valid, and could still win a zillion dollars.GTECH Holdings Corp. of West Greenwich runs the lotteries in all three states, and its job is to keep those state lottery systems up and running -- 24 hours a day, 7 days a week.So Thursday, when the power went out, GTECH's systems in all three states automatically switched the lottery data centers --
Aug 19, 2003, 3:40 am - Todd - Lottery News

Paul's lottery past: rocky beginnings, happier endingsNews Story
It's only in hindsight that critics of Rebecca Paul's lottery startups give her creditRebecca Paul's admirers outnumber her critics by a long shot in Georgia's capital city.But the critics were hot when Paul was starting the state's lottery in 1993. Ten years later, Tennessee has hired her to do the same thing for up to $752,500 a year.Georgia's lottery drew close scrutiny from state lawmakers and federal prosecutors after awarding a key startup contract to a vendor whose bid was millions of dol
Oct 20, 2003, 8:04 am - Todd - Lottery News