WEST GREENWICH – GTECH has announced that Polla Chilena de Beneficencia S.A. (Polla), a state-owned company that administers and operates national lottery games in Chile, has selected another vendor to provide equipment and services for a new online and instant ticket lottery system under a seven-year contract. GTECH’s current contract, which generates $4 million annually, is set to expire on August 23, 2002.
The contract was awarded to Intralot SA, a Greek competitor of GTECH.
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GTECH will retain its financial services contracts in Chile and expects to generate revenues of approximately $25 million over five years. GTECH has provided online and instant ticket services to Polla since 1994 and has offered financial services since December 2000.
