PROVIDENCE, RHODE ISLAND – (April 24, 2007) – GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that the Missouri Lottery has selected the Company to provide equipment and services for a new Internet Protocol (IP) wireless communications network, following a competitive procurement process. The five-year communications contract will run through June 30, 2012 , and also provides for three one-year extension options exercisable by the Missouri Lottery, and five one-year extension periods on mutual agreement of both parties.
“We are grateful to the Missouri Lottery for allowing GTECH the opportunity to expand our business relationship,” said W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO. “GTECH offered the Missouri Lottery a complete, cost-effective telecommunications solution that will provide improved performance and faster transaction response time. With this award, the Lottery now has a single point of accountability for the entire Missouri Lottery system.”
“GTECH has an entire organization devoted to R&D and support of lottery-specific network solutions and services,” said Larry Jansen, Executive Director of the Missouri Lottery. “This allows GTECH to deliver the best wireless communications technologies with an eye on the special needs of our Lottery.”
Under the terms of the contract, GTECH will install and maintain a VSAT wireless communications system, providing the most secure and reliable data connection between the host computer and 3,000 lottery retailers throughout the state of Missouri . With respect to this contract, GTECH expects to receive revenues of approximately $11 million over the five-year contract term.
GTECH has been providing online equipment and services to the Missouri Lottery since 1991, and was recently chosen to provide the Lottery with 550 Instant Ticket Vending Machines (ITVMs). Since its inception, the Missouri Lottery has returned more than $2.9 billion to the state and its public education programs.
GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. Lottomatica is one of the world’s largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider – a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by the De Agostini Group, a century-old publishing, media, and financial services company. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had more than €1.6 billion in revenues and 6,000 employees in over 50 countries when combined with GTECH.