GTECH Signs Deal with Trinidad and Tobago Lotteries
WEST GREENWICH, Rhode Island -– (PRESS RELEASE) -- GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced it has signed a five-year contract extension with the National Lotteries Control Board of Trinidad and Tobago (NLCB) to provide new online lottery products and services through September 5, 2011. GTECH expects to receive approximately $78 million in revenue over the five-year extension term.
"GTECH and the NLCB have been partners in establishing a successful lottery enterprise," said W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO. "By providing the NLCB with GTECH's latest offering of products, we are enabling them to expand their retailer base and operate more effectively, which in turn, enhances their ability to maximize funds for good causes."
Under the terms of the extension, GTECH will provide the NLCB with approximately 800 Altura(R) terminals and 400 handheld lottery terminals. These machines will replace existing terminals and will be placed in new retailer locations. GTECH will also provide the NLCB with 250 multi-media keno monitors and 400 Express Point Plus(TM) terminals. GTECH will continue to offer a full range of support services including central system maintenance; terminal installation and maintenance; communications management; field service; and marketing support. The Company will also continue managing the distribution, accounting, and validation of the Lottery's instant ticket business.
In addition to lottery services, GTECH also provides prepaid mobile phone top-up and bill payment services over its lottery terminals in Trinidad and Tobago.
The NLCB of Trinidad and Tobago was established in 1968 to create a lottery for the twin-island state. The Lottery has been a valued GTECH customer since 1994, when the Company replaced the existing offline lottery system with an online lottery system. Proceeds from the NLCB go toward education, health, and social welfare, among other things.