GTECH signs contract in Dominican Republic

"GTECH Corp., the Providence-based unit of Italy’s Lottomattica SpA, said yesterday it has signed a 20-year contract with Loto Real Del Cibao C.X.A. to be the exclusive technology provider for an online lottery system, terminals and future commercial services and other gaming opportunities in the Dominical Republic. Loto Real was recently awarded a concession to operate and manage an online lottery in that country for the next 20 years. GTECH’s 20-year contract began on Aug. 28, and is expected to generate revenues of about $130 million over the contract term, commencing in the first quarter of next year."

Full Story: GTECH signs contract in Dominican Republic Source: Providence Journal, September 12th, 2008

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