Lottomatica program approved by directors

14 Sep 2007

ROME, Italy -- (PRESS RELEASE) -- Lottomatica S.p.A. today announced the approval of a Sponsored Level I American Depositary Receipt (ADR) program by its Board of Directors. Lottomatica's ADRs will trade on the U.S. over-the-counter (OTC) Pink Sheet market under the symbol "LTTOY", and the CUSIP number is 545697104. Each ADR will represent one Lottomatica ordinary share. The Bank of New York has been appointed as the depositary bank to administer the ADR program.

Lottomatica's ordinary shares will continue to trade on the Italian Stock Exchange under the symbol "LTO".

"The ADR program is part of our long-term strategy to increase our visibility in the U.S.," said W. Bruce Turner, CEO of Lottomatica S.p.A. "Our sharp focus on creating shareholder value from the growth in our key verticals and the opportunities presented in the rapidly-expanding global gaming markets, highlight the attractions of Lottomatica for the U.S. equity markets that already recognize and appreciate the value of the GTECH brand. We are committed to broadening and diversifying our shareholder base, and our ADR program will provide the opportunity for a wider range of U.S. investors to participate in Lottomatica's future performance."

Commenting on this achievement, Stefano Bortoli, CFO of Lottomatica S.p.A., said, "Management is pleased to establish this ADR facility as it will expand our potential shareholder base to those investors that prefer to purchase a U.S. dollar denominated security rather than ordinary shares from the Italian home market. For a considerable segment of the U.S. investor market, ADRs facilitate diversification into international securities by way of trading and settling according to U.S. market conventions and allowing dividend payments in U.S. dollars."

Lottomatica expects the Securities & Exchange Commission (SEC) to provide the Company with registration of the ADR program by Friday, September 21, 2007.

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Lottomatica program approved by directors 14 Sep 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> ROME, Italy -- (PRESS RELEASE) -- Lottomatica S.p.A. today announced the approval of a Sponsored Level I American Depositary Receipt (ADR) program by its Board of Directors. Lottomatica's ADRs will trade on the U.S. over-the-counter (OTC) Pink Sheet market under the symbol "LTTOY", and the CUSIP number is 545697104. Each ADR will represent one Lottomatica ordinary share. The Bank of New York has been appointed as the depositary bank to administer the ADR program. Lottomatica's ordinary shares will continue to trade on the Italian Stock Exchange under the symbol "LTO". "The ADR program is part of our long-term strategy to increase our visibility in the U.S.," said W. Bruce Turner, CEO of Lottomatica S.p.A. "Our sharp focus on creating shareholder value from the growth in our key verticals and the opportunities presented in the rapidly-expanding global gaming markets, highlight the attractions of Lottomatica for the U.S. equity markets that already recognize and appreciate the value of the GTECH brand. We are committed to broadening and diversifying our shareholder base, and our ADR program will provide the opportunity for a wider range of U.S. investors to participate in Lottomatica's future performance." Commenting on this achievement, Stefano Bortoli, CFO of Lottomatica S.p.A., said, "Management is pleased to establish this ADR facility as it will expand our potential shareholder base to those investors that prefer to purchase a U.S. dollar denominated security rather than ordinary shares from the Italian home market. For a considerable segment of the U.S. investor market, ADRs facilitate diversification into international securities by way of trading and settling according to U.S. market conventions and allowing dividend payments in U.S. dollars." Lottomatica expects the Securities & Exchange Commission (SEC) to provide the Company with registration of the ADR program by Friday, September 21, 2007.