technology

GTECH inks deal with New Zealand lottery

Posted 11/7/12

PROVIDENCE – GTECH Global Services Corp., wholly owned subsidiary of Lottomatica Group S.p.A., has signed an agreement to provide new technology and ongoing services to the New Zealand Lotteries Commission.

The agreement extends the current relationship to June 30, 2020 and calls for two, two-year extension options.

According to a release, GTECH also expects to receive roughly €14 million in revenue over the life of the base agreement.

The New Zealand Lotteries has been a GTECH customer since 1987. “Throughout our 25-year partnership, GTECH and NZ Lotteries have shared a commitment to delivering the highest quality in every aspect of lottery products and system performance,” GTECH President and CEO Jaymin B. Patel said in a statement.

“Over that time, we have also worked closely with NZ Lotteries to understand their business processes and vision for the future,” added Patel. “Together, we have developed a set of solutions and growth strategy that are essential to helping them meet their requirements today, and in the years ahead.”

Under the terms of the deal, GTECH will provide enhancements to the existing enterprise series central system solution, which benefits retailers and players alike. The company will also replace the lottery’s online terminals with 1,800 Altura GT1200 terminals.

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