Michigan lottery backs GTECH, Lottomatica deal

Comment #2

GASMETERGUY — Thu, 03 Aug 2006 05:30:08 GMT

Reading back over this news item, I see that I mis-read the article. GTECH handles the lottories now. They are selling out to the other company.

I still have reservations about GTECH having off-shore contracts. What contacts or contracts does Lottomatica have

Comment #1

GASMETERGUY — Thu, 03 Aug 2006 05:27:02 GMT

GTECH not only has connections with state lottories, they also handle VISA purchases consumers make over the phone.

This bothers me. A company with contracts in Brazil, Poland, and so on that also handles VISA card numbers from Americans. I hope the proper authorities do a complete and utterly ruthless background check on all their employees.

Michigan lottery backs GTECH, Lottomatica deal

Lottery Post — Wed, 02 Aug 2006 13:11:04 GMT

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... [ More ]