GTECH, Manitoba Lotteries Sign Deal
GTECH Holdings Corporation today announced that its wholly-owned subsidiary, GTECH Corporation, has signed a product sale contract to supply the Manitoba Lotteries Corporation with a new video central system, which includes a five-year support agreement. With respect to this contract with the Manitoba Lotteries Corporation, GTECH anticipates generating revenues of approximately U.S. $8 million. "Video lottery has been an expanding component of GTECH's growth strategy in recent years," said GTECH President and CEO W. Bruce Turner. "We're pleased to have established a partnership with our newest Canadian customer, the Manitoba Lotteries Corporation, to provide a state-of-the-art video lottery central system to ensure they continue offering high-quality gaming entertainment in Manitoba." Under the terms of the contract, GTECH will replace the Lottery's existing video central system, currently supplied by another vendor, with the Company's Enterprise Series(TM) Video central system. GTECH's central system will monitor the security and integrity of approximately 5,500 video lottery terminals (VLTs) in the network.
Additionally, GTECH will provide Manitoba with approximately 650 internet protocol (IP)-ready video site controllers, which will link the VLTs to the central system and provide validation of winning receipts and printing of retailer reports. Manitoba will also receive video central system software support and maintenance for a five-year period. GTECH expects the new video central system to be operational by April 2007.
In addition to Manitoba, the Company currently supplies, or has contracts to supply, video central computer systems to customers in the Canadian Provinces of Alberta and Saskatchewan, and Atlantic Canada; and to customers throughout the United States, Europe, and the Caribbean.