Lottomatica extends New York lottery deal for 3 yrs |
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Thu, 01 Mar 2007 16:11
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MILAN (AFX) - Lottomatica SpA said its wholly-owned subsidiary GTECH Corporation has signed a three-year contract extension to continue providing lottery products and services to the New York Lottery through Feb 28, 2010.Lottomatica said GTECH expects to receive in excess of 200 mln usd in revenue from the contract extension over the three-year period.The New York Lottery is one of the most successful lotteries in the US with total online and instant ticket sales expected to surpass 6.5 bln usd in its fiscal year ending March 2007, Lottomatica said.Under the terms of the contract extension, GTECH will continue through February 2010.stephen.jewkes@thomson.compw/abr/sj/harCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Lottomatica sees annual sales up 7-8 pct/yr in 2007-2009 UPDATE 