West Greenwich-based lottery company GTECH Corporation has signed a five year contract extension with the Oregon State Lottery to provide lottery software development services and technical support. The contract extension options permitted under the original contract, is expected to start on October 5, 2003 and expire October 5, 2008.
Under the extension, GTECH will continue to provide the Oregon State Lottery with software services and technical support for its video lottery operations. In 1997, GTECH installed its Video Prosys central computer system, which monitors the security and integrity of approximately 9,200 video lottery terminals in the state. GTECH currently leases the video lottery central system and site controllers to the Oregon State lottery. Through the extension, GTECH officials expect to generate approximately $9 million in revenue. “We are pleased the Oregon State Lottery has elected to continue its relationship with GTECH,” said W. Bruce Turner, GTECH’s president and CEO. “This extension is a direct reflection of the quality of GTECH’s video lottery technology and of our ongoing commitment to providing value-added services to our customers.” By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
