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GTECH Corporation, a company based in Providence,
Rhode Island, United States, became a wholly owned subsidiary of Lottomatica,
S.p.A., on August 29, 2006.
Lottomatica is the license holder for the Italian
National Lottery. The De Agostini Group, a privately held Italian holding
company, is Lottomatica's majority shareholder. The merger of GTECH and
Lottomatica included a cash transaction valued at approximately $4.7 billion on
a fully diluted basis, including the assumption of debt. This transaction has
created one of the world's leading gaming solutions providers, with significant
global market share and the broadest portfolio of technology, services, and
content solutions. GTECH manages many state lotteries in the United States and
also has contracts to manage local and national lotteries in Europe, Australia,
Latin America the Caribbean and Asia.
Type Subsidiary
Industry Lotteries and Online gambling
Founded
1980
Founder(s)
Guy Snowden & Victor Markowicz
Headquarters
Providence, Rhode Island, U.S.
Area served
Worldwide
Key people
Jaymin Patel
Products
Slot machines, Video Lottery Terminals, Scratchcards,Lottery Software, Online
poker software, Online payment systems
Revenue € 2.1 billion (2008)
Employees
7500 (Oct 2009)
Website
GTECH.com
