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GTECH, Spanish Lottery Sign Agreement9 August 2005WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that Organizacion Nacional de Ciegos Espanoles (ONCE) has signed an agreement with GTECH's subsidiary, GTECH Global Services Corporation Ltd., for the provision of 5,000 additional handheld lottery terminals. GTECH will also upgrade ONCE's central system hardware. ONCE, the $3 billion lottery operated by the Spanish National Organization for the Blind, is authorized by the Spanish government to administer lottery and wagering games in Spain. "We are pleased that such an important and special organization continues to place its confidence in GTECH," said GTECH President and CEO W. Bruce Turner. "The handheld terminals remain very popular with ONCE's visually- impaired lottery retailers and, as a result, ONCE continues to see considerable growth in its retailer base and lottery sales." By the end of fiscal 2005, ONCE had ordered a total of 19,000 handheld terminals from GTECH. Under the terms of this agreement, GTECH will supply ONCE with 5,000 additional handheld terminals, which will be deployed throughout Spain at ONCE's discretion. GTECH, together with Ingenico Iberia, a world leader in secure transaction payment and transaction systems, are delivering the handheld lottery terminals for the thousands of visually-impaired retailers in Spain. In addition, GTECH will upgrade ONCE's hardware systems, providing the organization with enhanced processing capabilities and expanded memory to support future products and services. With respect to this terminal sale and hardware upgrade with ONCE, GTECH expects to generate approximately $10 million in revenue. |