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GTECH Extends Danish Contract26 May 2005WEST GREENWICH, Rhode Island – (PRESS RELEASE) --GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Corporation, signed a two-year contract extension with Dansk Tipstjeneste A/S, the operator of the National Lottery in Denmark. Under the terms of the contract extension, GTECH will continue to provide Dansk Tipstjeneste with software support and terminal maintenance and repair through August 31, 2007. "We have had a long and cooperative relationship with Dansk Tipstjeneste for more than 15 years, and we appreciate the opportunity to continue contributing to their success," said GTECH President and CEO W. Bruce Turner. With annual sales exceeding $1.3 billion in 2004, Dansk Tipstjeneste raises funds to support health, education, youth, and sports. GTECH has provided online lottery equipment and services to Dansk Tipstjeneste since 1989. The Company expects to generate revenues of approximately $10 million over the two-year contract extension. |