Brazil lottery cancels GTECH contract over Lottomatica acquisition

Comment #1

PELHAMMR — Wed, 09 Aug 2006 20:29:50 GMT

No surprise here - CAIXA would have been lost to GTECH even without their being accuired by LOTTOMATICA!

This vendor's reputation for heavyhandedness has eventually come home to roost and CAIXA seized the chance to fire them when other jurisdictions (especially in the US) started voicing concerns about potential security and 'sovreignty' effects, created by the proposed merger.

Added to this reverse, is the fact that competion from INTRALOT and to a lesser degree SCIGAMES has already ro... [ More ]

Brazil lottery cancels GTECH contract over Lottomatica acquisition

Lottery Post — Wed, 09 Aug 2006 13:39:51 GMT

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... [ More ]