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GTECH renews Finnish contract

8 Jan 2008

PROVIDENCE, Rhode Island -- (PRESS RELEASE) -- Lottomatica S.p.A. (Pink Sheets: LTTOY) announced that its wholly-owned subsidiary, GTECH Global Services Corporation, has signed a four-year contract extension to continue providing software licensing and additional software products and services to Veikkaus Oy, the operator of the Finnish National Lottery. The contract extension is expected to generate revenues to GTECH of approximately US$39 million, over the extension period commencing in December 2009 through November 2013.

"Veikkaus is one of the most innovative and successful operators in the World Lotteries Association. Among their many achievements, Veikkaus has been a true pioneer in the delivery of lottery content over new media channels. They have delivered consistent growth across all segments of their business and are one of the most successful interactive lotteries in the world," said GTECH President and CEO, Jaymin B. Patel. "They have been a valued GTECH partner since 1990, and we look forward to forging an even closer strategic relationship with them in the coming years."

"This is a logical extension of our close cooperation with GTECH. With a strong technology partner such as GTECH, we can continue developing our business to benefit the Finnish society. The trust between both organizations gives us the needed edge in finding new and innovative solutions to serve our customers," said Veikkaus Oy CEO, Risto Nieminen.

Under the terms of the extension, GTECH will provide Veikkaus with continued software licensing and related products and services in connection with a GTECH-provided turn-key, state-of-the-art, Lottery and Sports Betting system. The system is processing wagers via retailer terminals, the Internet, and mobile channels, and is currently being migrated to a GTECH Enterprise Series(TM) system. Veikkaus is also increasing its commitment toward GTECH by, among other things, increasing the level of professional software services to be provided, and are planning jointly with GTECH for an extended games and sales channel portfolio.

 
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