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After sale, GTECH to remain in R.I.News Story
Making it the latest Rhode Island company to be bought by a European firm, GTECH Holdings Corp. announced last week that it has entered into an agreement to be acquired by Lottomatica SpA, a Rome-based company that operates Italy's Lotto.The $4.8-billion deal will merge the West Greenwich-based company with the operator of one of the world's largest lotteries. Once combined, the two companies would have approximately 6,300 employees with operations in more than 50 countries.Under the agreement,
Jan 16, 2006, 8:03 am - Todd - Lottery News

Florida lottery backs GTECH-Lottomatica dealNews Story
The Florida lottery has agreed to the planned takeover of U.S. lottery operator GTECH Holdings Corp by Italy's Lottomatica, Lottomatica said on Wednesday. Lottomatica plans to buy GTECH in a $5 billion deal that would create the world's biggest lottery operator. One of the deal conditions laid down by Lottomatica is that it would not lose GTECH's lottery operating concessions in the United States. Lottomatica said in a statement that GTECH had been informed of Florida's backing for the dea
Aug 16, 2006, 12:18 pm - Todd - Lottery News

Ohio Lottery backs GTECH, Lottomatica dealReply
I hope Lottomatica with help operate lotto well in all states especially California.
Aug 17, 2006, 12:12 am - Just6ntlc - 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

Italian lottery operator to buy GTECHNews Story
Italian lottery operator Lottomatica will gobble up GTech Holdings for $35 a share cash, or about $4.8 billion including assumption of debt.The Italian lottery operator announced the transaction early Tuesday and noted that the price represents a 15% premium to the U.S. gambling-equipment and service company's value on Sept. 9 the day before it announced plans to seek a buyer for the company.Total value of the deal, including assumption of debt, is roughly $4.8 billion. GTech of West Greenwich
Jan 10, 2006, 4:14 pm - Todd - Lottery News

CORPORATE LotteryReply
Back to Index NEW YORK LOTTERY EXTENDS GTECH S ONLINE/INSTANTS SYSTEM CONTRACT FOR AN ADDITIONAL THREE YEARS PROVIDENCE, RI (March 1, 2007) GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that it has signed a three-year contract extension to continue providing lottery products and services to the New York Lottery through February 28, 2010. With respect to this contract extension, GTECH expects to receive in excess of $200 million in revenue over the three-
Oct 11, 2007, 9:59 pm - computerhead723 - Lottery Discussion Forum

GTECH takes half ownership of Chinese lottery firmNews Story
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. 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. Tab
Dec 21, 2007, 1:56 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

Michigan lottery backs GTECH, Lottomatica dealNews Story
The Michigan lottery has confirmed that the planned takeover of U.S. lottery operator GTECH by Lottomatica will not hurt its lottery concession in the state, the Italian company said in a statement on Thursday. Lottomatica plans to buy GTECH in a $5 billion deal that would create the world's biggest lottery operator. One of the conditions for the deal is that it will not have an impact on GTECH's lottery operating concessions in the United States. This has caused some hiccups for the two c
Aug 2, 2006, 9:11 am - Todd - Lottery News