SEARCH NEWS:

 

Brazilian Scandal Hurts Gtech Profit

WEST GREENWICH, Rhode Island -- As reported by Bloomberg News: ``Gtech Holdings Corp., the world's biggest supplier of online lottery systems, cut its forecasts for the second quarter and fiscal year 2005 because of a Brazilian federal injunction stemming from a corruption inquiry of a former aide to Cabinet Chief Jose Dirceu.

"...Gtech said in a statement it expects to earn 70 cents to 75 cents a share in the second quarter, down from its previous forecast of 75 cents to 80 cents.

"...In March, the Brazilian government said in a report that it had "strong evidence" that former Dirceu aide Waldomiro Diniz, may have helped Gtech extend contracts in the country..."

< Gaming News