GTECH Corporation Signs Contract with the Oregon State Lottery‏

Lottomatica Announces that Subsidiary GTECH Corporation Signs Long-Term Online Lottery Contract with the Oregon State Lottery, expecting to receive revenues of approximately euro 50 Million Beginning in 2008 for a Period of Seven Years.

The GTECH Center in Providence, Rhode Island Courtesy: Wikimedia

(SALEM, Ore.) - Lottomatica S.p.A. announced that its wholly-owned subsidiary, GTECH Corporation, has signed a new long-term contract with the Oregon State Lottery to provide and implement a new online and instant-ticket lottery system, terminals, and ongoing services, following a competitive procurement process.

The seven-year integrated services contract will commence in September 2008, and includes options to renew for up to three years. GTECH expects to receive revenues of approximately euro 50 million over the contract term, commencing in 2008.

"Our partnership with the Oregon State Lottery spans more than 20 years, and we appreciate their continued confidence in GTECH to serve them well into the next decade," said W. Bruce Turner, Lottomatica S.p.A. and GTECH CEO.

"It is notable that the procurement placed an emphasis on the quality of the proposed technological solution, and, as such, is a strong indication of the emerging value of GTECH's IMAGINE terminals, and is also validation of the Company's Enterprise Series solution package."

Under the terms of the new contract, GTECH will replace the Lottery's existing online lottery system and terminals with GTECH's Enterprise Series solution and approximately 3,100 IMAGINE terminals. GTECH will also provide the Lottery with approximately 430 Lottery To Go machines, a combination instant ticket and online lottery product vending machine.

The Company will provide ongoing services to the Lottery such as installation and maintenance of the new central system and terminals; retailer training; marketing support; hotline management; and field service. GTECH will maintain its data center in Salem, Oregon, with a backup data center located in Austin, Texas.

GTECH has been a lottery equipment and services provider to the Oregon State Lottery since it began online sales in 1985. GTECH also provides video lottery equipment and services in Oregon. Proceeds from the Oregon State Lottery benefit Oregon public schools, economic development, and state parks, among others.

Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery.

GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider -- a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange, and in 2006, had approximately euro 1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.