GTECH signs seven-year Missouri Lottery deal

GTECH signs seven-year Missouri Lottery deal

Tuesday, November 25, 2014

Gaming software and services provider GTECH has strengthened its position in the US after agreeing a new $112m (€90.3m) integrated services contract with the Missouri Lottery.

The seven-year deal, which begins in the second half of 2015 and has an optional extension of a further three years, incorporates the provision of a new central gaming system, a variety of lottery and self-service machines, multimedia displays, an upgraded telecommunications network and related ongoing services.

GTECH has been the major lottery technology and services provider to the US state’s lottery since 1991 and expects to receive revenues of approximately $112m over the term.

GTECH revealed a quarterly revenue loss in its US operations earlier this month, while the company is also attempting to push through its $6.4bn takeover of US slot machine maker International Game Technology (IGT).

"Over the past 23 years, GTECH’s flexible technology solutions and marketing insights have supported the Missouri Lottery’s innovative approaches and multi-faceted portfolio," GTECH Americas president and chief executive, Jaymin B Patel, said. “Through this agreement, our robust, forward-thinking solutions will help to ensure that the Lottery continues to grow and raise funds for good causes.”

As part of the deal, GTECH will replace Lottery Scratcher Validation and back-office systems, based on its Enterprise Series platform. GTECH will also replace draw-based lottery terminals with approximately 5000 upgraded machines, provide self-service machines and Enterprise Series MultiMedia (ESMM) monitors, including Smart Shows, for Lottery and Keno.

The ongoing services provided include field service management, operations data centre services, communications, software and QA testing, marketing and events specialisation, and retailer training. 

Since Missouri Lottery sales began in 1986, the Lottery has provided the state and public education with nearly $5bn.

May Scheve Reardon, Missouri Lottery executive director, said: “The Missouri Lottery is continuously seeking new ways to increase profits for public education through strategic innovation. This agreement with GTECH will continue to drive the Lottery’s performance to greater levels as technology and player demographics evolve.”

GTECH announced earlier this month that quarterly total revenues in its Americas segment were down to €233.3m from €251.5m for the same period in 2013. Operating income was down 75.8 per cent to €6.8m from €28.1m. It said that, at constant currency, revenue in the Americas segment decreased by €18.8m, or 7.5 per cent compared to the same period in 2013.

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