PROVIDENCE – GTECH Corp., a subsidiary of GTECH S.p.A., has signed a six-year lottery gaming system and services contract with the Colorado Lottery, the company announced Monday.
Under the contract – effective Nov. 2, 2014, through June 30, 2021 – GTECH will provide the Colorado Lottery with its lottery systems technology and data analytics tools. The contract also calls for the replacement of the lottery’s existing terminal base with 3,200 new Altura GT1200 lottery terminals, as well as the installation of GTECH’s ES MultiMedia digital advertising displays.
“This contract is important to GTECH as it allows us to re-establish a relationship with the Colorado Lottery, which dates back to 1988 when we first brought the lottery online,” said Jaymin B. Patel, GTECH Americas president and CEO. “We have conducted comprehensive retailer and consumer research studies in Colorado to gain a better understanding of the marketplace today, and in the future.”
GTECH expects to draw $70 million in revenue over the base six-year term of the contract. At the end of the initial six years, the Colorado Lottery will have the option to extend the contract with GTECH for a maximum of four years, through two two-year extensions.
“GTECH looks forward to upgrading the Colorado Lottery’s operating systems and its retailers with our latest technology, product solutions, and games necessary to support the lottery’s next phase of growth,” Patel said.
GTECH is a leading operator and provider of gaming technology to regulated worldwide gaming markets.