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GTK Gtech

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Share Name Share Symbol Market Type
Gtech NYSE:GTK NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

GTECH and New Vision Gaming Enter Into Exclusive Agreement to Introduce New Games Into Lottery Distribution

04/03/2004 1:15pm

PR Newswire (US)


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GTECH and New Vision Gaming Enter Into Exclusive Agreement to Introduce New Games Into Lottery Distribution 10-Year Agreement Will See Flagship Games Enter Lottery Space Through Multiple Sales Channels WEST GREENWICH, R.I., March 4 /PRNewswire-FirstCall/ -- As part of GTECH Corporation's move into a stronger lottery game content position, the Company has entered into a 10-year exclusive agreement with New Vision Gaming of Medford, Massachusetts, to offer two flagship games through a variety of lottery distribution channels. Under the terms of the exclusive agreement, the games (Players Choice Poker and Worldwide Poker) will be adapted for lottery use in various sales channels, including Interactive (via the innovative e-scratch(TM) platform), social space, Electronic Instant Lottery (EIL), self-service platforms, as well as in traditional online and instant lottery mediums. "This is an important agreement that extends the depth and quality of the growing GTECH lottery game content library,"said GTECH Vice President of Lottery Marketing John Cadigan. "It is another important step in broadening our already strong game content offering that will be supported by our industry-leading worldwide lottery infrastructure." New Vision Gaming, with its extensive casino game development experience, sees the move as an extension of its products into new sales opportunities. "We are excited about adapting our successful casino games into the rapidly-expanding worldwide lottery industry," said New Vision Gaming President John Feola. "Partnering with an industry leader like GTECH made the most sense for our company and greatly enhances our ability to succeed in these new markets." GTECH, with more than 80 existing lottery contracts on six continents around the globe, will introduce the Players Choice Poker and Worldwide Poker brands into all applicable lottery sales channels once the games have been adapted for lottery use. The games are expected to be available to lottery jurisdictions by the end of 2004. GTECH, a leading global information technology company with $1 billion in revenues and 5,000 people in 44 countries, provides software, networks, and professional services that power high-performance, transaction processing solutions. The Company's core market is the lottery industry, with a growing presence in financial services transaction processing. For more information about the Company, please visit GTECH's website at http://www.gtech.com/. New Vision Gaming, founded in 1996, is an independent developer of games for casinos and lotteries. The company's product line includes two of the fastest growing casino table games in the United States, Boston 5 Stud Poker and Pai Gow Mania. For more information about New Vision Gaming, please visit the company's website at http://www.newvisiongaming.com/ Contact: Robert K. Vincent Public Affairs GTECH Corporation 401-392-7452 DATASOURCE: GTECH Corporation CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation, +1-401- 392-7452 Web site: http://www.gtech.com/

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