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 competitive procurement. The contract extension, which was entered into to provide the new vendor additional time to convert the system beyond what was previously announced, will begin on Nov. 1, 2004, and continue through Jan. 30, 2005, GTECH said.
Under the terms of the contract extension, GTECH will continue to provide ongoing services to the Colorado Lottery, including operation and maintenance of the central system hardware and software, terminal maintenance, and hotline management. The company estimates revenues of $2 million over the 90-day contract extension period.