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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

Scientific Games appeals N.J. Lottery's award to GTECHNews Story
Overbid by nearly $32 million in its unsuccessful attempt to get the state's lottery contract, Scientific Games filed a protest Tuesday claiming officials skewed the bid proposals to keep its current operator.Earlier this month, the state announced its plans to give GTech Corp., the current lottery operator, a new five-year contract, even though it wasn't the low bidder. The state justified the decision by saying GTech offered a more secure and reliable system and outscored Scientific Games on a
Nov 23, 2005, 8:30 am - Lottery News

Texas lottery officials concerned about sale of GTECHNews Story
The Rhode Island company that operates many of the Texas lottery's most popular games is up for sale, and state officials are looking to hire an independent law firm to help them ensure that any potential buyer is committed to upholding the company's contractual commitments.Lottery officials told a legislative oversight panel this week that Gtech Corp., which has been under contract to the state agency since the lottery was established in 1992, has received an acquisition offer from an unnamed g
Nov 16, 2005, 11:25 am - Lottery News

GTECH awarded N.J. lottery contract despite highest bidNews Story
The state of New Jersey yesterday signed a five-year extension with longtime lottery manager GTECH Corp., despite a competitor's offer to do the job for $32 million less.State records show that GTECH's bid, which totaled $107 million over five years, was accepted because of concerns over the experience and equipment offered by rival Scientific Games, which said it could do the job for $75 million. In general, the committee bases its recommendation on the overall technical superiority of GTECH's
Nov 8, 2005, 6:45 am - Lottery News

Scientific Games wrote parts of N.C. lottery lawNews Story
A company that hopes to land the multimillion-dollar contract to run North Carolina's gambling operation used a link to House Speaker Jim Black to have the new lottery law written to its liking.Alan Middleton, vice president of Scientific Games, wrote to Black's office, saying he wanted to write a law that excluded other companies. Middleton had an inside connection to the speaker's office, according to hundreds of pages of e-mail messages, memos and other documents released by Black's office Th
Oct 14, 2005, 9:57 am - 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 - Lottery News

GTECH makes political donation days after gambling contract awardedNews Story
Six days after winning a state contract, the company Pennsylvania chose to run its computer system for slot machines gave $50,000 to a national nonprofit that raises money for Democratic governors including Gov. Ed Rendell, the group's finance chair.GTECH, a Rhode Island lottery company, has given $481,267 to the Democratic Governors' Association since 2000, according to a political watchdog group. But the payment March 8 had nothing to do with the $6.3 million a year contract announced by the
Sep 22, 2005, 11:18 am - Lottery News

Gtech lottery, gaming units may be split in saleNews Story
If Gtech Holdings Inc. is sold, as recent reports suggest, it may be marketed in pieces to buyers interested in its global lottery operations and gaming equipment business, analysts told Bloomberg News.The Wall Street Journal published a report Tuesday indicating Gtech received an unsolicited expression of interest from Goldman Sachs Group Inc.'s private equity unit. Gtech, the world's biggest seller of computerized lottery systems, told Bloomberg News Monday it was considering an unsolicited
Sep 14, 2005, 7:21 am - Lottery News