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Divide and Conquer: Meet the Lottery TitansNews Story
Enveloped in neon lights, murmuring crowds and the tinny melody of computerized games, a convention center showroom here bears the trappings of a Las Vegas casino. But the players, mostly state employees sporting suits and name tags, haven't come to this annual expo to gamble. Instead, they are sampling the wares of one of government's biggest cash cows: lotteries, which rang up about $202 billion in sales last year in the United States and overseas. Amid sales pitches and glad-handing, there
Oct 20, 2007, 9:57 pm - Todd - Lottery News

Fox dismisses any impropriety in work for GTECHNews Story
A week before state lawmakers voted to give GTECH an exclusive, 20-year lottery contract, the Providence law firm with which House Majority Leader Gordon D. Fox is associated was discussing its own proposed contract with GTECH.A Providence Democrat, Fox ascended to the second-most powerful political position in the House this year.On April 22, GTECH's top in-house lawyer had the first of several conversations with the principals in Ferrucci Russo PC -- where Fox works -- about a potential role f
Oct 1, 2003, 3:34 am - Todd - Lottery News

Casino deal leads GTECH to rethink R.I. investmentsNews Story
The company warns that it may not go ahead with its plans because bills before the General Assembly fail to provide it with a portion of the slot machines in a new gaming facility.Citing the casino legislation in front of the General Assembly, GTECH Holdings Corp. is reviewing its planned investments in Rhode Island -- including its proposed $88.5-million corporate headquarters in downtown Providence.GTECH says the two casino bills before the General Assembly do not guarantee that it can operate
Jun 24, 2004, 8:14 am - Todd - Lottery News

Giant lottery operator GTECH wants to add Tennessee to its clienteleNews Story
Financial advisers have long said that lottery players would fare better investing their money in the stock market than hoping the pingpong balls pop up with their numbers.If you followed that advice and bought stock in the largest lottery operator in the country, GTECH Holdings, over the past decade, chances are the investment would have paid off better about 500% better.The West Greenwich, R.I., company's stock price has doubled in the past year, closing Friday at $42.77; GTECH's revenues have
Sep 8, 2003, 3:49 am - Todd - Lottery News

After sale, GTECH to remain in R.I.News Story
Making it the latest Rhode Island company to be bought by a European firm, GTECH Holdings Corp. announced last week that it has entered into an agreement to be acquired by Lottomatica SpA, a Rome-based company that operates Italy's Lotto.The $4.8-billion deal will merge the West Greenwich-based company with the operator of one of the world's largest lotteries. Once combined, the two companies would have approximately 6,300 employees with operations in more than 50 countries.Under the agreement,
Jan 16, 2006, 8:03 am - Todd - Lottery News

Commission approves settlement between House leader, GTECHNews Story
The Rhode Island state Ethics Commission was to vote Tuesday on a proposed settlement that would have House Majority Leader Gordon Fox pay a $10,000 fine for voting on a $770 million, no-bid deal for the lottery company GTECH in which his law firm was involved.If the deal is approved by the panel, Fox, D-Providence, would be spared a potential $25,000 fine, if found guilty.Fox denied knowing his law firm had been hired to work for GTECH when he voted on April 20 on legislation to have GTECH run
Jan 20, 2004, 5:02 pm - Todd - Lottery News

GTech has winning lottery ticket, checkered pastNews Story
A Rhode Island company that practically built the nation's state lottery business just added the Florida Lottery as the missing gem to its crown jewels.GTech Corp. last week became the successful bidder to run the Florida Lottery system. With Florida in hand, the company will run all five of the country's biggest state lottery systems - New York, Texas, Georgia, California and Florida. Altogether, GTech will operate 26 of the 36 state lottery systems, plus the Washington, D.C., system. We genera
Sep 8, 2003, 3:44 am - Todd - Lottery News

GTECH may enter supreme court hearingsNews Story
A former Texas lottery official, who claimed that then-Gov. George W. Bush's desire to cover up his National Guard record helped steer decisions about a key lottery contract, said he wants to talk to senators about Supreme Court nominee Harriet Miers' possible role in that effort. If I were to be subpoenaed to come to the thing, I would come, said Lawrence Littwin, who filed a lawsuit after he was fired as the lottery's executive director in 1997. I would say the committee, I think, would be i
Oct 5, 2005, 11:57 am - Todd - Lottery News

GTECH scrutinized in bid for Tennessee lottery contractsNews Story
GTECH Corp., the lottery giant bidding for Tennessee contracts, has been praised for quick startups and leading technology.But the company has also been criticized for aggressive lobbying and a series of missteps in the 1990s that led to the criminal conviction of one employee and culminated in an overhaul of top managers three years ago. I don't think their past record should reflect adversely on ... the present company, although it does require someone to look at them with a little more due di
Nov 20, 2003, 7:00 am - Todd - Lottery News

GTech signs contract extension with Danish lotteryNews Story
GTech Corp. of West Greenwich, R.I., today announced that it has signed a two-year contract extension with Dansk Tipstjeneste A/S, the operator of the National Lottery in Denmark.GTech says the deal could be worth approximately $10 million.Under the terms of the contract extension, GTech will continue to provide Dansk Tipstjeneste with software support and terminal maintenance and repair through Aug. 31, 2005. GTech and Dansk Tipstjeneste have enjoyed a successful partnership over the past 14 ye
Sep 12, 2003, 3:44 am - Todd - Lottery News