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GTECH sale closer as more states approveNews Story
The sale of West Greenwich-based GTECH Holdings Corp. to Italian lottery giant Lottomatica SpA this week inched toward completion. Lottomatica said that the state lotteries would continue existing contracts with GTECH, which it plans to buy in a $5 billion deal that would create the world's biggest lottery operator. Lottomatica had asked various U.S. states to confirm that the deal would not hurt existing lottery concessions when it launched the takeover earlier this year. Most states
Jul 28, 2006, 9:48 am - Lottery News

Why did NJ give lottery contract to the highest bidder?News Story
Part 2 of a 3-part look at the New Jersey Lottery A month after a new contract to operate the New Jersey's lottery was supposed to begin, officials still have not determined whether to go with a new company that bid about $75 million for the five-year pact, or the existing operator which bid nearly $32 million more. Last fall, the state awarded a new five-year contract to GTech Corp., which bid $106.7 million. With a bid $31.7 million lower, Scientific Games filed a protest saying the stat
Jul 25, 2006, 9:27 am - Lottery News

Texas lottery raises concerns over GTECH's practices, ethicsNews Story
Lottery giant's merger with Lottomatica requires that Texas agree to keep its contract with the company GTECH Holding Corp.'s stock plummeted as much as 14 percent yesterday morning before rebounding after the Texas Lottery Commission and the Texas Department of Public Safety raised concerns about the company's business practices and ethical integrity. Investors, anticipating that Texas might adversely impact GTECH's pending $4.8-billion acquisition by Italy's Lottomatica SpA, sold off so
Jul 21, 2006, 10:45 am - Lottery News

Minnesota Lottery renews contract with GTECHNews Story
GTECH Holdings Corporation today announced that its wholly-owned subsidiary, GTECH Corporation, signed a two-year contract extension with the Minnesota State Lottery to commence on February 9, 2011. The contract extension retains all of GTECH's service offerings and the fixed rate under the current contract. GTECH expects to generate revenues of approximately $20 million to $22 million over the two-year extension term. This contract extension is evidence of the Minnesota State Lottery's c
Jun 29, 2006, 10:24 am - Lottery News

Washington Lottery to debut new ticket machinesNews Story
Washington lottery players can expect new green tickets July 2, the date the state-run gambling enterprise switches to new machines in its retail outlets. The switch comes at a time the state Lottery is struggling to maintain its share of the state's exploding gambling market. But the change is not expected to boost the state's shrinking share of the $1.7 billion that gamblers lose each year in Washington. The change in ticket stock is tied to the installation of new ticket-dispensing mac
Jun 19, 2006, 2:06 pm - Lottery News

Intralot wins Idaho Lottery from larger rival GtechNews Story
The Idaho Lottery will have a new vendor starting next February after a Greek company that's expanding in the U.S. won a $30 million contract to run the state's scratch ticket and online gaming system from a larger rival. Intralot USA, a Georgia-based unit of Athens, Greece-based Intralot, beat out Rhode Island-based GTech by promising better service for instance, Idaho's online games, including Powerball, will run 24 hours a day under Intralot, up from the previous 22 hours and a more-at
May 3, 2006, 8:36 am - Lottery News

N.C. Lottery Commission Awards Vendor ContractsNews Story
The North Carolina Education Lottery Commission awarded contracts for both instant-win tickets and lotto-style games to GTECH Holdings Corp. on Monday. The deals were estimated to be worth $19.2 million in the first year alone.Tom Shaheen, executive director of the lottery, said the selection process was fair, comprehensive, had the greatest integrity and achieved the best result. He said he felt good about the selection, adding: I think we have a really strong company. GTECH, which is headqua
Jan 31, 2006, 6:50 am - 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 - Lottery News

Italian lottery operator to buy GTECHNews Story
Italian lottery operator Lottomatica will gobble up GTech Holdings for $35 a share cash, or about $4.8 billion including assumption of debt.The Italian lottery operator announced the transaction early Tuesday and noted that the price represents a 15% premium to the U.S. gambling-equipment and service company's value on Sept. 9 the day before it announced plans to seek a buyer for the company.Total value of the deal, including assumption of debt, is roughly $4.8 billion. GTech of West Greenwich
Jan 10, 2006, 4:14 pm - Lottery News

Lottery company misses bid deadlineNews Story
One of the two major American lottery companies Tuesday let a key deadline pass for winning the right to operate a major chunk of North Carolina's new lottery games.Rhode Island-based GTECH Holdings said it did not submit a letter of intent to bid for the right to operate instant-winner scratch-off ticket games in North Carolina. The letters signal a company's interest to the state and keep the company in the loop for more contract information.GTECH's unwillingness to bid so far increases the od
Dec 28, 2005, 6:54 am - Lottery News