GTech x Tennessee Education Lottery Corporation

04/03/2009 Markets:
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Lottomatica’s GTECH signs 4-year extension with Tennessee Lottery

03/04/2009
ROME (ITALY) – PROVIDENCE, R.I. (U.S.), March 4th, 2009 – Lottomatica subsidiary GTECH Corporation announced that it has signed a contract amendment with the Tennessee Education Lottery Corporation (“Tennessee Lottery”) to continue providing online lottery technology, as well as new self-service products and related services, for an additional four years. GTECH expects to receive revenues of approximately $50 million over the four-year period, commencing in April 2011. GTECH has been the online lottery technology and services provider to the Tennessee Lottery since its inception in 2004.
“We are grateful for the opportunity to continue our partnership with the Tennessee Lottery,” said GTECH President and CEO Jaymin B. Patel. “This amendment will provide the Lottery with the capacity to increase its self-service offerings to help drive incremental growth. Over the next several years, we look forward to working more closely with the Tennessee Lottery to expand their self-service product line into new retail locations, and help them to maximize revenues for Tennessee’s scholarship and pre-kindergarten programs.”
“We are pleased to amend our contract with GTECH,” said Tennessee Lottery President and CEO Rebecca Hargrove. “The Tennessee Lottery looks forward to continuing the growth and progress we have experienced since startup with GTECH. This amendment and the upcoming expansion of new self-service machines for our retailers provide additional opportunities for us to continue to grow and return even more dollars for education programs in Tennessee.”
Under the amendment, GTECH will provide the Tennessee Lottery with up to 800 Instant to Go™ instant ticket vending machines, as well as field service associated with these machines. The Company will continue providing ongoing services including central system operation and maintenance; terminal maintenance; retailer training; marketing support; field service; hotline management; and maintenance.

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