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GTECH Stock Falls13 May 2004WEST GREENWICH, Rhode Island – As reported by Bloomberg News: "Gtech Holdings Corp., the world's biggest supplier of online lottery systems, Wednesday said a customer in Puerto Rico won't renew its contract when the current agreement expires in March 2005. The shares fell 7.6 percent. "Gtech, which provides equipment and services to 70 percent of lotteries run worldwide, also said its operations in Brazil are the target of an informal investigation by the U.S. Securities and Exchange Commission. "…Gtech shares fell $4.36 to $52.95 in New York Stock Exchange composite trading, after earlier sinking as low as $49.80. The shares have risen 51 percent in the past year, and 7 percent this year…" |