GTECH to earn $85M from Missouri lottery contract

Lottery Post — Fri, 17 Dec 2004 20:10:01 GMT

GTECH Holdings Corporation announced Thursday that its wholly-owned subsidiary, GTECH Corporation, was chosen by the State of Missouri to provide a new online lottery central system, terminals, and ongoing services under a proposed seven-year integrated services contract.The contract is expected to commence July 1, 2005 with the option to renew the contract for up to eight years beyond the expiration date of June 30, 2012.GTECH expects to generate approximately $85 million over the seven-year te... [ More ]