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April 25, 2006

GTECH charts future business plans

On the eve of its acquisition by Lottomatica SpA, GTECH today said it was eyeing a number of new ventures, including sports betting.

GTECH, of West Greenwich, is expected to be acquired by Lottomatica for $4.8 billion in mid June.

In its quarterly "update report" to shareholders today, GTECH, the world's largest provider of lottery systems and services, said, that in addition to expanding its current business, it saw potential in the following areas:

-- entering the sports betting business in select markets.

-- developing money transfer capabilities here and around the world, including India and Turkey.

-- introducing Keno, Pick 'n Play and EuroMillions games in Italy.

-- using lottery terminals for bill paying.

Posted by   at 7:36 AM | Permalink

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