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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 - Lottery News

Scientific Games appeals N.J. Lottery's award to GTECHNews Story
Overbid by nearly $32 million in its unsuccessful attempt to get the state's lottery contract, Scientific Games filed a protest Tuesday claiming officials skewed the bid proposals to keep its current operator.Earlier this month, the state announced its plans to give GTech Corp., the current lottery operator, a new five-year contract, even though it wasn't the low bidder. The state justified the decision by saying GTech offered a more secure and reliable system and outscored Scientific Games on a
Nov 23, 2005, 8:30 am - Lottery News