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GTECH CORPORATION, A LOTTOMATICA SUBSIDIARY, SELECTED TO NEGOTIATE NEW ONLINE/INSTANTS INTEGRATED SERVICES CONTRACT WITH THE PENNSYLVANIA STATE LOTTERY, FOLLOWING COMPETITIVE PROCUREMENT
ROME (ITALY) - PROVIDENCE, RHODE ISLAND (US), January 16, 2008 -Lottomatica S.p.A. announced that its wholly-owned subsidiary, GTECH Corporation, has been notified by the Pennsylvania State Lottery of its intent to award GTECH a five-year integrated services contract to provide complete online and instant systems, a minimum of 10,000 IMAGINE™ lottery terminals, a new telecommunications network, and related services. This award to GTECH represents the first time the Company has been chosen to be the systems, terminal, and services provider to the Commonwealth of Pennsylvania , which has been serviced by other lottery vendors since the Lottery's inception in 1972.
The proposed contract, which is expected to commence in January 2009, follows a competitive procurement, and includes five one-year extension options, exercisable at the Lottery's discretion.
“The win in Pennsylvania is an important milestone for GTECH,” said GTECH President and CEO Jaymin B. Patel. “Of the largest lotteries in the United States , those with more than $2 billion in total annual sales, GTECH now counts all of them as customers.”
The Pennsylvania Lottery ranks sixth in the U.S. , in terms of total lottery sales for its most recent fiscal year, with sales of $3.076 billion. Further details of this award will be disclosed following the signing of a definitive agreement with the Pennsylvania Lottery.
Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. 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 De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had approximately €1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.
For further information:
AD HOC Communication Advisors 02/7606741
Mario Pellegatta - Matteo Cidda 335/1415585
This press release and the previous ones are available on the web site: www.adhoccommunication.it
Lottomatica web site: www.gruppolottomatica.it
GTECH contact: Robert K. Vincent Public Affairs 1-401-392-7452
GTECH web site: www.gtech.com
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