Printer Friendly

VIDEO LOTTERY TECHNOLOGIES AWARDED DOMINANT SHARE OF OREGON LOTTERY CONTRACT

 VIDEO LOTTERY TECHNOLOGIES AWARDED
 DOMINANT SHARE OF OREGON LOTTERY CONTRACT
 BOZEMAN, Mont., Jan. 27 /PRNewswire/ -- Video Lottery Technologies, Inc. (NASDAQ: VLTS) has announced that its principal operating subsidiary, Video Lottery Consultants, Inc., was awarded the dominant share of video lottery terminals for the Oregon State Lottery.
 The Oregon State Lottery released orders for 6,130 terminals from five approved vendors. Each approved vendor received a guaranteed order of 480 terminals. The balance of 3,730 terminals were awarded based on competitive factors, such as terminal preference, prior market share and the preferences of Oregon retailers. Of the five approved vendors, Video Lottery Consultants received the largest additional award, an order for 1,670 terminals representing a 45 percent share of the competitively awarded terminals.
 Larry Lippon, chief executive officer of Video Lottery Technologies, said, "Video Lottery Consultants is proud of this award from the Oregon State Lottery. This contract is a confirmation of VLC's dominant position in the video lottery market. VLC looks forward to working with the Oregon State Lottery to provide the state of Oregon with a secure and reliable source of public revenue."
 Video Lottery Technologies, Inc., through its principal subsidiary, Video Lottery Consultants, Inc., is a world leader in design and manufacture of video lottery terminals, central control system software and related services for the video lottery terminal market. Presently, the company's video lottery terminals are in operation in Montana and South Dakota, and the Canadian provinces of New Brunswick, Nova Scotia, Newfoundland and Prince Edward Island.
 -0- 1/27/92
 /CONTACT: Damian Grego, senior VP-corporate development of Video Lottery Technologies, 406-586-4423, or Michael Rosenbaum or Audrey Lowe of the Financial Relations Board, 312-266-7800, for Video Lottery Technologies/
 (VLTS) CO: Video Lottery Technologies, Inc. ST: Montana IN: CNO SU: CON


CK -- NY073 -- 3815 01/27/92 13:48 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 27, 1992
Words:303
Previous Article:MERRILL LYNCH REPORTS RECORD 1991 EARNINGS OF $696.1 MILLION; 1991 EARNINGS PER SHARE OF $6.02 VS. $1.59 IN 1990
Next Article:BANCTEC ANNOUNCES NEW NATIONWIDE MAINTENANCE RELATIONSHIP WITH DELL
Topics:


Related Articles
WASHINGTON STATE LOTTERY EXTENDS AWI ON-LINE CONTRACT UNTIL 1996
ATLANTIC LOTTERY CORPORATION SELECTS NEW VIDEO LOTTERY TECHNOLOGIES, INC. SYSTEM FOR FOUR CANADIAN PROVINCES
LOTO QUEBEC SELECTS VIDEO LOTTERY TECHNOLOGIES, INC. FOR PROVINCE'S NEW VIDEO LOTTERY SYSTEM
VIDEO LOTTERY TECHNOLOGIES SUBSIDIARY WINS NEW JERSEY CONTRACT
INTERNATIONAL LOTTERY, INC. RECEIVES APPROVAL FROM THE OREGON'S STATE LOTTERY; COMPANY TO SUPPLY INSTANT TICKET VENDING MACHINES
VIDEO LOTTERY TECHNOLOGIES AWARDED $600,000 CONTRACT TO SUPPLY CENTRAL MONITORING SYSTEM FOR NORTHERN TERRITORY OF AUSTRALIA
VIDEO LOTTERY TECHNOLOGIES AWARDED CONTRACT IN EXCESS OF $2 MILLION WITH THE ICELANDIC GAMING FUND RAISING
INTERNATIONAL LOTTERY, INC. AWARDED MAINE STATE LOTTERY ITVM CONTRACT
VIDEO LOTTERY TECHNOLOGIES SUBSIDIARY, AUTOMATED WAGERING INTERNATIONAL, WINS $52 MILLION MARYLAND LOTTERY CONTRACT
SWEDEN LOTTERY SELECTS IGT FOR VIDEO LOTTERY CENTRAL SYSTEM

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters