GTECH signs contract extension with customer in Slovak Republic

GTECH today announced that the company has signed an agreement to extend its current contract with TIPOS a.s., a government-owned lottery in the Slovak Republic, through Dec. 31, 2011.


Under the terms of the contract extension, beginning on March 1, 2002, GTECH will replace TIPOS’ existing terminal base with approximately 1,650 Isys terminals. GTECH will also upgrade TIPOS’ existing communications network with a secure nationwide network consisting of a private radio and satellite network, which will provide highly reliable communication between a central hub and number of geographically dispersed sites.


Providing online and instant ticket equipment and services to TIPOS since 1993, GTECH will provide ongoing services to TIPOS including operation and maintenance of central system hardware, software, and terminals, telecommunications services, hotline management, retailer training, and data center operations. With respect to its contract with TIPOS, the Company anticipates generating revenues of approximately $45 million over the contract’s extension period.