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GTECH Completes Acquisition Of Interlott Technologies, Inc.News Story
GTECH Holdings Corporation today announced that it has completed the previously-announced acquisition of Ohio-based Interlott Technologies, Inc, a leading provider of instant ticket vending machines (ITVMs) for the lottery industry worldwide. The acquisition was approved at a special meeting of Interlott shareholders on Wednesday, September 17, 2003. The common stock of Interlott ceased trading today, September 18, 2003, and will no longer be listed on the American Stock Exchange.Interlott sha
Sep 18, 2003, 6:25 am - 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 - Lottery News

What if group buys winning lottery ticket?News Story
Q: We are a financial club that invests in the stock market and also buys weekly lottery tickets. We all contribute and one member buys the tickets. It's wishful thinking, but what if the ticket wins $1 million? What are the payment basics and how can we protect ourselves against the ticket purchaser claiming the winnings for himself?-- Hopeful in Hialeah A: Let's first talk business law, and then we'll suggest some precautions to assure proper division of payment.A lottery ticket is a unilater
Sep 8, 2003, 3:57 am - 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 - 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 - Lottery News

Fortune smiles on lottery winnersNews Story
Winning the Texas lottery is bound to change your life. It's why people play it. But some area winners say the changes aren't as radical as some might think. They have nicer cars and homes. They travel more and work less, but most still work at something.It was the best Christmas gift the Triple J NXS Trust could receive. Their numbers -- 8, 20, 47, 51, 40, 44 -- came in on Dec. 26, 2001.The payoff: $36 million.The triple J's are Jim Ater, Jennifer Willis Wyatt and Justin Pratz. The NXS refers
Sep 1, 2003, 7:52 am - Lottery News

Brock defends lottery oppositionNews Story
North Carolina State Sen. Andrew Brock, R-Davie, continues his strong opposition to a statewide lottery while pushing a proposal to move the start of the public school year to after Labor Day.The revenues saved in not having to air-condition schools in August and the extra tourism dollars generated in North Carolina during those same weeks would equal or exceed the proceeds from a lottery, Brock said.Brock said he doesn't trust any politician who says lottery proceeds will go to education. A lot
Aug 29, 2003, 11:23 am - Lottery News

GTECH lottery systems built to handle blackoutNews Story
If someone you know bought a lottery ticket in Ohio, Michigan or New York in the seconds before the power went out Thursday, don't worry.That ticket is valid, and could still win a zillion dollars.GTECH Holdings Corp. of West Greenwich runs the lotteries in all three states, and its job is to keep those state lottery systems up and running -- 24 hours a day, 7 days a week.So Thursday, when the power went out, GTECH's systems in all three states automatically switched the lottery data centers --
Aug 19, 2003, 3:40 am - Lottery News

Six indicted in numbers racketNews Story
Six people were charged yesterday in what authorities say is a massive gambling network that grossed millions of dollars a year in Northeast Ohio.A federal grand jury indicted reputed East Side numbers kingpin Virgil Ogletree, 81, of Beachwood, and his longtime friends and associates Eunice Bonton, Melvin Murray, Noah Hutchinson Sr., Andrew Freeman and Mary Stover. All are charged with running an illegal gambling business, while Ogletree, Hutchinson and Bonton also are charged with tax violation
Aug 13, 2003, 3:30 am - Lottery News