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GTECH extends Illinois Lottery contract

24 Oct 2007

PROVIDENCE, Rhode Island -- (PRESS RELEASE) -- GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that it has signed a one-year extension with the Illinois Lottery to continue providing online lottery products and services through October 16, 2008. This is the final exercisable year under the Lottery's current contract with GTECH. With respect to its contract extension with the Illinois Lottery, GTECH expects to receive revenues of approximately $35 million over the extension period. GTECH has been providing products and services to the Illinois Lottery since 1989.

"The Illinois Lottery has been a valued customer of ours for close to 20 years, and during that time, we have helped them grow total ticket sales to nearly $2 billion in the Lottery's most recent fiscal year," said W. Bruce Turner, Lottomatica S.p.A. and GTECH CEO. "We are pleased to continue our relationship and are grateful for the recognition of our efforts in Illinois."

Under the terms of the extension, GTECH will continue to provide the Lottery with central system operation and maintenance; terminal maintenance; communications network management; marketing support; and retailer training.

 
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