Lottomatica signs 3-year Virginia Lottery extension

Lottomatica signs 3-year Virginia Lottery extension

Tuesday, April 30, 2013

Lottomatica Group subsidiary GTECH Corporation signed a three-year contract extension with the Virginia Lottery to continue providing an online/instants central system, self-service lottery products, multimedia messaging display units, as well as instant-ticket warehousing and distribution services. The extension, beginning October 2014, is expected to generate total revenues for GTECH of approximately $65m commencing in Q4 of 2014.

GTECH President and CEO Jaymin B. Patel said: “Since GTECH became the online lottery system vendor in Virginia in 2007, online ticket sales have grown nearly 17pc. We can attribute much of that growth to the important partnership we have established with the Virginia Lottery – a partnership that fosters open communication and collaboration, with a shared goal in mind of keeping the Lottery moving forward and returning even more dollars for public education in Virginia.

“What is unique about our partnership is that the Virginia Lottery is the only lottery in the US to share control room operations with GTECH,” added Patel.  “Our combined knowledge and expertise under this structure allows for a more efficiently run lottery enterprise.”

In addition to providing lottery systems, terminals, a communications network, marketing support, field services, and hotline management, GTECH said it will also provide instant-ticket warehousing and distribution services directly to the Lottery as part of this contract extension.

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