West Greenwich-based gaming giant GTECH Holdings Corp. announced Monday that its wholly owned subsidiary, GTECH Corp., has been selected as a vendor by the Virginia Lottery to provide a new lottery central system, new terminals and a new IP wireless communications network, under a proposed seven-year integrated services contract. The deal includes three one-year extension options.
Under the terms of the proposed contract, GTECH will convert the lottery’s existing online central system to the GTECH Enterprise Series service. In addition, GTECH will replace the lottery’s existing terminal base and install up to 5,250 Altura terminals. The company will also install a new IP wireless communications network.
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GTECH will also provide the Virginia Lottery with 225 GamePoint machines, the company’s all-in-one instant and online lottery self-service solution. Additionally, 250 Express Point Plus machines will be installed, which facilitate player-activated identification of winning tickets.
GTECH will provide ongoing services to the Virginia Lottery including installation, operation and maintenance of the online central system, terminals and communications network; on-site marketing support; in-state hotline management; and field service.
GTECH is the online lottery terminal provider for the Virginia Lottery and currently provides field service for the lottery’s clerk-activated terminals, self-service terminals, instant-ticket validation devices, printers and instant ticket vending machines. As a subcontractor to the lottery’s instant ticket vendor, GTECH is also responsible for the warehousing and distribution of instant tickets in addition to supplying ITVMs.
Since its inception in 1988, the Virginia Lottery has generated revenues of more than $15 billion. The lottery has set sales records for the past seven years with overall sales surpassing $1.33 billion in fiscal year 2005. All profits from the Virginia Lottery go to K-12 public school education in the commonwealth. In fiscal year 2005, the lottery turned over more than $423 million for Virginia’s public schools, representing about 10 percent of state funding for public education in Virginia.
GTECH has more than $1.3 billion in annual revenues and 5,300 people in more than 50 countries.
