Printer Friendly

GTECH INVITED TO NEGOTIATE CONTRACT IN PHILIPPINES

 WEST GREENWICH, R.I., Oct. 29 /PRNewswire/ -- GTECH (NYSE: GTK) announced today that its affiliated Philippine consortium has been invited to negotiate a contract for the provision and operation of an on- line lottery system with the Philippines Charity Sweepstakes Office (PCSO). Two other bidders also were qualified by the PCSO and have been invited to negotiate. The PCSO has indicated that all three companies may operate separate lottery systems, under conditions to be prescribed by the PCSO. No specific terms have been disclosed.
 The PCSO currently operates an off-line sweepstakes lottery game throughout the country. However, the most popular lottery game is an illegal lottery called jeuting.
 GTECH supplies six other lotteries in the region, including four in Malaysia, one in Singapore and one in China.
 Frederick Reis, GTECH's vice president for Far East sales and operations commented, "We have completed a significant amount of planning and preparation for installing a lottery system in the Philippines. However, because the specifications for this project have apparently changed since we submitted our bid in August, we will await clarification from the PCSO before making any further commitment."
 GTECH designs, produces, implements, operates and services computerized networks for government-sponsored or licensed lotteries on five continents. In addition, GTECH provides a wide variety of instant ticket support services. GTECH currently has contracts to supply and/or operate lottery systems for 26 U.S. customers and 36 jurisdictions outside of the United States.
 GTECH's lottery business employs approximately 3,200 people worldwide, including approximately 1,000 people in Rhode Island.
 -0- 10/29/93
 /CONTACT: Craig Watson of GTECH, 401-392-1000/
 (GTK)


CO: GTECH Corporation ST: Rhode Island IN: CPR SU: CON

JL-CM -- NE006 -- 8413 10/29/93 10:12 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 29, 1993
Words:286
Previous Article:AMERICA WEST AIRLINES ADDS NEW NON-STOP JET SERVICE BETWEEN INDIANAPOLIS AND LAS VEGAS
Next Article:ALTEON REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPT. 30, 1993
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters