GTECH parent records $94.4M six-month profit

PROVIDENCE – Rome-based Lottomatica S.p.A., owner of GTECH Corp., last week reported a profit of $94.4 million for the first half of 2007, compared with $44.2 million from Lottomatica’s Italian stand-alone operations in the first half of 2006.

The company also reported total revenue of $1.16 billion, compared with $472 million from Italian operations in the year-ago period.

That total revenue included about $565 million from six months of Italian operations, an increase of 19.8 percent, and $592 million from GTECH operations, the company said. About $519 million of the total revenue came from the lottery segment, $40 million from gaming solutions, and $33.5 million from commercial services.

“We are pleased with the results of our first semester,” W. Bruce Turner, CEO of GTECH and the Lottomatica Group, said in a statement. “The fundamentals of our business continue to experience positive growth.

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