entertainment

GTECH signs extension with Finnish lottery

Posted 6/13/12

PROVIDENCE – GTECH Corp. has signed a five-year contract extension with Veikkaus Oy, the operator of the Finnish National Lottery.

Under the extension agreement, the GTECH contract is valid through November 2018.

GTECH will provide operational and professional services to support Veikkaus in its development of new games and sales channels.

The Providence-based Lottomatica Group subsidiary expects to receive revenue in the range of €60 million to €70 million ($75 million to $87 million) over the extension period.

According to a release announcing the extension, Veikkaus has been a GTECH customer since 1989.

“We are determined to continue serving our players and beneficiaries in a world-class manner,” Veikkaus Oy Executive Vice President Olli Sarekoski said in prepared remarks.

“Veikkaus has had a long and successful history operating the National Lottery and it is crucial to have the best possible partners to further our growth,” added Sarekoski. “GTECH has proven to be instrumental in our operational performance and contributing to our rapid growth.”

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News