GTECH Renews Online Gambling Lottery With Mexico

Published Tuesday, January 06, 2015 - Online-Casinos.com
GTECH Renews Online Gambling Lottery With Mexico

Headquartered in Rome GTECH formerly called Lottomatica is an Italian firm in the gambling business and it is the license holder for the Italian National Lottery. GTECH is the world's largest operator of lotteries with control of 63% of the worldwide online lottery business operating in 52 countries around the globe.

In July of 2014, GTECH acquired US firm International Game Technology (IGT), the world's largest slot machine manufacturer, for a total of $6.4 billion, including $4.7 billion in cash and $1.7 billion in assumed debt. The companies amalgamated into a new holding company headquartered in the United Kingdom under the GTECH banner.

With the Latin American jurisdictions presently trying to revamp their online gambling laws there is huge potential in every quarter of the sector. The international online gaming software and services provider GTECH has announced it has entered into an agreement with Mexican national online lottery operator Pronósticos para la Asistencia Pública with a six year contract. GTECH expects the contract, due to be rolled out in September of 2015, to generate more than $130 million (€109 million) in revenue over the six year contract arrangement. GTECH has agreed to provide Pronósticos para la Asistencia Pública an integrated draw-based and instant-ticket system. In addition it will install as many as 11,000 draw-based lottery terminals, a communications network, and other lottery products and services.

Pronósticos director general María Esther de Jesús Scherman Leaño commented on the agreement, “For the past 27 years, GTECH has supported Pronósticos in generating a sustainable and robust source of funding for social programs in México,” adding the director general said, “The continuation of this long-term partnership will help to modernize Pronósticos’ lottery programme and launch the next phase of our growth for the benefit of the communities it serves.”

President and chief executive officer of GTECH Americas, Jaymin Patel, also commented, “This agreement represents the continuation of our almost three-decades-long commitment to increasing Pronósticos’ returns, which support social programs in México.”

 

 

 

 

 

Related news

Return to Latest News