Search

GTECH gets 90-day contract extension with Colorado LotteryNews Story
GTECH Holdings Corporation today announced that the Colorado Lottery, under the provisions of its original contract with GTECH, has granted the West Greenwich-based company a 90-day contract extension.GTECH's current contract with the lottery is set to expire on October 31, 2004, GTECH said.The Colorado Lottery had selected Scientific Games Corporation as its vendor to provide equipment and services for a new integrated online and instant-ticket lottery system in October 2002, following a compet
Oct 13, 2004, 8:42 am - Lottery News

GTech Profits UpNews Story
GTech Holdings Corp., the world's largest lottery systems operator, on Tuesday said quarterly earnings rose on new contracts, acquisitions and strong sales of its products.GTech, which provides services and equipment to the lottery industry in 45 countries and 25 U.S. states, said it benefited from new contracts in Spain, Italy, Jamaica and Mexico. The company also received a new ticket-vending machine contract in Maine and an extension in Oregon.GTech, which has a 70 percent share of the online
Sep 22, 2004, 8:20 am - Lottery News

SEC Investigating Gtech in BrazilNews Story
Gtech Holdings Corp. said Thursday that the Securities and Exchange Commission opened a formal investigation into the lottery operator's dealings in Brazil.The SEC previously issued an informal request for documents from Gtech, as part of its investigation into public corruption matters in Brazil. Gtech said regulators told the company that the new order is a routine action, unrelated to any recent developments, that is intended to give the SEC adequate investigatory powers if needed.Gtech said
Jul 29, 2004, 1:44 pm - Lottery News

GTECH rolls out self-serve lottery machinesNews Story
GTECH sees its new vending machines as the next wave in the industryGTECH Holdings Corp. is about to make it easier for shoppers to get in on the big money.The West Greenwich, Rhode Island lottery provider yesterday unveiled a new vending machine that doles out instant and traditional lottery tickets directly to shoppers.These machines not only allow people to buy scratch-off tickets like they buy a can of soda, they also include a touch screen that allows players to choose their own numbers and
Jul 28, 2004, 8:26 am - 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 - Lottery News

GTECH's 1Q earnings up 31 percentNews Story
Gtech Holdings Corp., the world's largest operator of lotteries, Tuesday posted a 31 percent jump in profit for its latest quarter, helped by continued strong sales.The West Greenwich-based company also boosted its full-year earnings expectations because of a reduction in its tax rate.The company reported net income of $53.6 million, or 80 cents a share, for the first quarter ended May 29, up from $41 million, or 68 cents, a year earlier.The latest quarter included a one-time gain of $6.4 millio
Jun 23, 2004, 7:11 am - Lottery News

GTECH completes acquisition of lottery companyNews Story
U.S.-based GTECH Holdings Corp. said Thursday it had closed a $40 million deal to buy an Antigua-based lottery company.The all-cash deal also gives the lottery giant licenses to operate games in Antigua and Barbuda, Anguilla, St. Kitts and Nevis, St. Maarten and Saba and St. Eustatius, and Turks and Caicos.GTECH said the acquisition of Leeward Islands Lottery Holdings Co. would add between $20 million and $25 million to the company's $1 billion in annual gross revenues. Leeward should provide $6
May 7, 2004, 7:11 am - Lottery News

GTech Profit Up as Lottery Sales RiseNews Story
GTech Holdings Corp., a leading lottery systems operator, on Thursday said quarterly earnings rose 14 percent, on acquisitions and higher lottery ticket sales driven by big jackpots.The fiscal fourth-quarter earnings topped Wall Street estimates, but GTech stock fell slightly. It was a good quarter, but not a phenomenal one, Farmhouse Equity Research analyst J.P. Mark said. People expected them to beat estimates. For the fiscal fourth quarter ended Feb. 28, the West Greenwich, Rhode Island, co
Apr 16, 2004, 9:33 am - Lottery News

The Two Titans of the Lottery IndustryNews Story
We often hear that the $40 billion spent on video games worldwide dwarfs the amount spent on the motion picture industry. But another form of mass entertainment dwarfs them both: the lottery business. According to a Morgan Stanley study, sales of lottery tickets around the world will top $160 billion in 2004.You should be thankful for the lottery business this week as you write a check for your tax bill. That's because you'd probably owe a lot more if not for your fellow citizens' crazed desire
Apr 15, 2004, 4:58 am - Lottery News

GTech to buy Leeward Islands LotteryNews Story
World's largest lottery systems operator plans to acquire Caribbean-based Leeward for $40 millionGTech Holdings Corp., the world's largest lottery systems operator, on Monday said it would acquire a lottery operator based in the Caribbean for $40 million in cash.It said the acquisition of privately held Leeward Islands Lottery Holding Co., based in Antigua and St. Croix, gives it an entry to an important market. We believe the acquisition of LILHCo gives GTECH a strategic foothold in the Caribbe
Apr 5, 2004, 11:19 am - Lottery News