Projo Biz Blog

GTECH Corp. subsidiary, SPIELO Manufacturing ULC, has signed a five-year contract to supply 2,500 new video lottery terminals to the Oregon State Lottery.

SPIELO expects to receive revenues of approximately $30 million in 2009 from the sale of the VLTs, and an additional $4 million in incremental revenue from the sale of game refreshments, beginning in 2010 through 2013. SPIELO has been providing VLTs to the Oregon Lottery since 2004.

"The Oregon Lottery operates one of the most successful and forward-looking VLT programs in the country, and we are excited to be part of their plans to optimize their VLT network," said SPEILO President and CEO Victor Duarte.
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