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Texas Lottery accuses GTECH of bribery
GTECH executives will appear before Texas commission The criminal allegations read right out of a crime novel: bribing overseas government officials, withholding evidence and lying about it. Those are some of the charges Texas investigators accuse GTECH, the international lottery services company that enjoys a lucrative contract with the state of Texas, of engaging in internationally. The findings have angered and embarrassed lottery commissioners, who have used GTECH as the agency's so
Aug 16, 2006, 11:42 am - Lottery News

Ohio Lottery backs GTECH, Lottomatica deal
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 - Lottery News

Brazil lottery cancels GTECH contract over Lottomatica acquisition
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 - Lottery News

Michigan lottery backs GTECH, Lottomatica deal
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 - Lottery News

GTECH sale closer as more states approve
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 - Lottery News

Why did NJ give lottery contract to the highest bidder?
Part 2 of a 3-part look at the New Jersey Lottery A month after a new contract to operate the New Jersey's lottery was supposed to begin, officials still have not determined whether to go with a new company that bid about $75 million for the five-year pact, or the existing operator which bid nearly $32 million more. Last fall, the state awarded a new five-year contract to GTech Corp., which bid $106.7 million. With a bid $31.7 million lower, Scientific Games filed a protest saying the stat
Jul 25, 2006, 9:27 am - Lottery News

Texas lottery raises concerns over GTECH's practices, ethics
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 - Lottery News

UK lottery operator license up for grabs
The licence to run the national lottery is up for grabs again, but some hopefuls say that the bidding process favors Camelot, the current UK Lottery operator. As the sun beat down on the Hyatt Regency hotel in M rida, on the Gulf of Mexico, several hundred delegates gathered inside last February for the World Lottery Forum. Representatives of lottery operators from Niger to New Zealand were welcomed by Mexican president Vicente Fox. They were there for their annual conference to discuss th
Apr 3, 2006, 9:42 am - Lottery News

N.C. Lottery Commission Awards Vendor Contracts
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 - Lottery News

After sale, GTECH to remain in R.I.
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 - Lottery News

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