GTECH Receives Scientific Games Contract
WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Corporation, has received an order for 2,400 Instant Ticket Vending Machine (ITVM) from Scientific Games Corporation, who will, in turn, lease the ITVMs to the Pennsylvania Lottery and provide ongoing services. The new 24- bin Expandable Dispensing System Quad Burster(TM) (EDS-Q) ITVMs are scheduled for delivery beginning in May of this year. The majority of the 2,400 ITVMs will replace machines already in the field with the remainder being placed in new locations. GTECH expects to receive approximately $22 million in revenue from the sale of these machines.
"This ITVM order for the Pennsylvania Lottery, combined with other positive trends in our business, such as our recent gaming central system win in Pennsylvania, is a strong endorsement of our technological capabilities," said GTECH President and CEO W. Bruce Turner.
Interlott Technologies, which GTECH acquired in 2003, has provided ITVM products to the Pennsylvania Lottery since 1997. Under the terms of its contract with the Pennsylvania Lottery, Scientific Games is required to supply and service the EDS-Q machines. This is the second such order from Scientific Games in the last two years. The first order was for 1,050 24-bin EDS-Q machines.
