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GTECH gets Pennsylvania Lottery deal

GTECH CorporationGTECH Corporation: GTECH gets Pennsylvania Lottery deal

GTECH Corp., the world's largest online lottery operator, said Monday it will provide lottery-ticket vending machines to the Pennsylvania Lottery.

GTECH (NYSE:GTK), of West Greenwich, R.I., said it received an order for 2,400 instant ticket vending machines from Scientic Games Corp., which will lease the machines to the Pennsylvania Lottery.

The machines will be delivered in May, GTECH said in a news release. GTECH said the deal was valued at about $22 million.

"This (instant ticket vending machine) order for the Pennsylvania Lottery, combined with other positive trends in our business, such as our recent gaming central system win in Pennsylvania, is a strong endorsement of our technological capabilities," GTECH president and CEO W. Bruce Turner said in a news release.

In 2003, GTECH acquired Interlott Technologies (AMEX:ILI) of Cincinnati, which had provided ticket-vending machines to the Pennsylvania Lottery since 1997.

Pennsylvania invests the proceeds from the 32-year-old lottery in programs for older residents, including free and reduced-fare transit, prescription drug programs and tax and rent-relief.

Pittsburgh Business Times

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2 comments. Last comment 12 years ago by LOTTOMIKE.
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United States
Member #1826
July 11, 2003
2645 Posts
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Posted: April 18, 2005, 4:54 pm - IP Logged

In 2006, GTech online machines will also make their debut in PA.

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    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
    Member #7853
    October 15, 2004
    11338 Posts
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    Posted: April 22, 2005, 3:49 am - IP Logged

    would love to play the lottery if i'm ever there.