Online lottery deal.GTECH Corp. on Sept. 11 announced that it has signed a 20-year contract with Loto Real Del Cibao Cibao, usually referred as "El Cibao", is a region of the Dominican Republic located at the northern part of the country. The Taíno word Cibao, meaning "place where rocks abound", was originally applied to the central mountain range, and used during the Spanish conquest to , C.X.A. to be the exclusive technology provider to Loto Real for an online lottery lottery, scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g. system, terminals, and future commercial services and other gaming opportunities in the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. . Loto Real was recently awarded a concession CONCESSION. A grant. This word is frequently used in this sense when applied to grants made by the French and Spanish governments in Louisiana. to operate and manage an online lottery in the DR for the next 20 years. GTECH's 20-year contract commenced on Aug. 28, and is expected to generate revenues to GTECH of approximately $130 million over the contract term, commencing in the first quarter of 2009, said President/CEO Jaymin B. Patel. "This contract comes on the heels of our recently-announced contract with Polla Chilena in Chile. Details: Email: GTECH Corp. Tel: 401-392-7452. Email: Elena.Chiaradio@gtech.com. Web: www.gtech.com. |
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