2:38 PM Thu, Sep 11, 2008 | Permalink
By Business staff  Email this author | Email this entry |
GTECH Corp., the Providence-based unit of Lottomattica, said yesterday it has signed a 20-year contract with Loto Real Del Cibao C.X.A. to be the exclusive technology provider to LOTO REAL for an online lottery system, terminals, and future commercial services and other gaming opportunities in the Dominical Republic.
LOTO REAL was recently awarded a concession to operate and mange an online lottery in the Dominican Republic for the next 20 years.
GTECH's 20 year contract began on Aug. 28, and is expected to generate revenues to GTECH of approximately $130 million over the contract term, commencing in the first quarter of 2009.
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