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GTECH Announces Record Revenues for Fiscal Year 2006
WEST GREENWICH, Rhode Island (April 12,
2006) -- GTECH Holdings Corporation (NYSE:
GTK) today announced fourth quarter and year-end earnings for the fiscal year
which ended February 25, 2006.
GTECH delivered solid financial
results in both the quarter and the full fiscal year, meeting or exceeding our
previous outlook, said GTECH President and CEO W. Bruce Turner.
In addition, we enjoyed strategic success in each of our verticals by
growing our core business, aggressively developing international market
opportunities, and leveraging our core competencies into related gaming
solutions and transaction-processing business opportunities.
GTECH delivered another strong year
of operating results and substantial free cash flows, resulting in significant
value creation for our shareholders and positioning us well for future
successes, said GTECH Senior Vice President and CFO Jaymin B. Patel.
Operating Results Revenues for
the fourth quarter of fiscal 2006 were $368.3 million, up 9% over revenues of
$337.9 million in the fourth quarter of fiscal 2005. Net income was $59.4
million, or $0.45 per diluted share, compared to net income of $43.8 million,
or $0.34 per diluted share for the same period last year. For the quarter,
service revenues were up 11.3%, reflecting continued strength in same store
sales, strong jackpot activity, and higher revenues from Brazil. Product sales
were $74.3 million, comparable to the fourth quarter of fiscal 2005. Service
margins increased approximately 150 basis points, to 39.1%, driven by the
strength in service revenues, partially offset by higher depreciation and
amortization expenses. Product margins increased significantly, from 26.6% in
the fourth quarter of fiscal 2005 to 45.6% in the most recent quarter,
reflecting a change in product mix. The fourth quarter results include one-time
costs of $6.1 million associated with the pending transaction with Lottomatica
S.p.A. Excluding transaction-related costs, the Company would have reported net
income of $65.5 million and fully diluted earnings per share of
$0.50. Revenues for fiscal 2006 were $1.3 billion, up 3.8% over revenues of
$1.26 billion in fiscal 2005. Net income was $211.0 million, or $1.63 per
diluted share, compared to net income of $196.4 million, or $1.50 per diluted
share, for the same period last year. Net income in fiscal 2005 includes a
one-time, after-tax gain of $7.0 million, or approximately $0.05 per diluted
share, associated with the sale of the Companys 50% interest in Gaming
Entertainment (Delaware) L.L.C. Net income in fiscal 2006 includes one-time
costs of $8.0 million associated with the pending Lottomatica transaction, or
$0.06 per diluted share. Prior year earnings and dividends per share reflect
the 2-for-1 common stock split declared in June 2004.
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Cash Flow and Investments During
fiscal 2006, the Company generated $429.6 million of cash from operations. This
cash was principally used to fund $137.3 million of systems, equipment, and
other assets relating to contracts; to purchase an additional 11.681% of
POLCARD S.A. for $21.5 million; to repurchase $32.1 million, or 1,326,100
shares of the Companys common stock; and to pay cash dividends of $41.7
million. At February 25, 2006, the Company had $495.9 million of cash balances
and short-term investment securities on hand. At the end of fiscal 2006, the
Company had $494 million available under its senior revolving credit
facility.
Business Highlights
During fiscal 2006, GTECH continued to
successfully execute against the Companys strategic objectives of
maintaining and expanding the core lottery business, and winning new
customers.
Domestically, GTECH signed a seven-year
integrated services agreement with the North Carolina Education Lottery (NCEL)
for a complete end-to-end online/instant ticket lottery solution. The Company
implemented the NCEL in 58 days with approximately 5,000 terminals at startup,
making it the fastest instant ticket launch in lottery history.
In addition, GTECH was awarded multi-year
online lottery contracts in Washington State and Arizona, and signed an
agreement for additional lottery products in California. The Company was also
selected as the preferred vendor for new gaming central control systems in
Pennsylvania and Louisiana.
In New Jersey, GTECH was selected for a
new integrated online/instant lottery system, terminals, and communications
network. The award of the New Jersey contract to GTECH is currently being
contested by another vendor.
Internationally, GTECH signed a number of
contracts including an agreement to provide a new gaming system and terminals
for New Zealand Lotteries Commission, and a
five-year agreement to provide equipment and services for the national online
lottery in Thailand, through its joint venture LOXLEY GTECH Technology Co. Ltd.
The Company also began deploying 2,000 WinWave
video lottery terminals (VLTs) to
Svenska Spel in Sweden. In
conjunction with the VLTs, Svenska Spel is also utilizing GTECHs
Enterprise Series Video central system, which includes functionality
designed to allow lotteries unprecedented flexibility to change denomination
and download games remotely.
All told, GTECH secured new
contracts and extensions with 22 customers in fiscal 2006, representing
approximately $1 billion in revenues to GTECH over the life of the
contracts, continued Mr. Turner. These wins are a clear
validation of GTECHs business strategy, our technology, and above all,
our understanding of what lotteries, retailers, and players are looking for
today and in the future.
Also during the fiscal year, California
joined the Mega Millions multi-state
game in an effort to boost lottery ticket sales. California expects Mega
Millions to generate approximately $200 million to $300 million in net annual
incremental total sales for the Lottery, equating to $2.5 million to $4.0
million in annual incremental revenue to GTECH.
Overseas, the multi-jurisdictional game
EuroMillions continues to perform well.
For calendar year 2005, per capita sales averaged $0.40 per week. On a
year-to-date basis, calendar year 2006 weekly per capita sales more than
doubled, due in part to a record-breaking jackpot in February.
EuroMillions has become a solid
contributor for GTECH. It continues to grow, with 10 jurisdictions now
participating in the game, three of which are GTECH facilities management
customers, said Mr. Turner. In fact, EuroMillions now has
the largest player base of any multi-jurisdictional game in the world, with
more than 200 million players.
GTECH also deployed 35 new/modified games
in more than 20 jurisdictions worldwide. Pick n Play, the
Companys new game concept designed to combine the appeal of instant
gratification and multiple chances to win with the security and integrity of an
online game, was recently launched in Illinois. Several other lotteries around
the world are currently considering Pick n Play as a new revenue source
and complementary product line to add to their existing game portfolios.
Were excited about the
evolution of our game content, and Pick n Play is just one example of how
fresh games can keep lottery play fun and exciting and stimulate incremental
sales, concluded Mr. Turner.
Other Business Developments On
January 10, 2006, the Company entered into an agreement with
Lottomatica S.p.A, an Italian
corporation and the exclusive license holder and operator of Italys
Lotto, and De Agostini S.p.A., a privately held Italian diversified industrial
and financial holding group that is Lottomaticas majority shareholder,
pursuant to which Lottomatica will acquire GTECH for $35.00 in cash per
outstanding GTECH share. The all cash transaction, which is subject to
financing as well as regulatory, customer, and shareholder approvals, is
expected to close in mid- 2006. The total enterprise value of the transaction
is approximately $4.8 billion. For additional information on GTECHs
fourth quarter and year-end results, please visit the Investors section of
http://www.gtech.com.
About GTECH GTECH is a
leading gaming technology and services company. With more than $1.3 billion in
annual revenues and 5,300 people in over 50 countries, GTECH provides
integrated technology, creative content, and business services to effectively
manage and grow todays evolving gaming markets. In targeted emerging
economies, GTECH also leverages its operational presence and infrastructure to
supply commercial transaction processing services. For more information
about the Company, please visit GTECHs website at
http://www.gtech.com.
CONTACT: Robert K. Vincent, Public
Affairs, +1-401-392-7452
SOURCE: GTECH Holdings Corporation, Web
Site: http://www.gtech.com.
South Australia Lotteries Receives Accolades for Excellence in
Advertising
ADELAIDE, South Australia (April 7, 2006)
-- SA Lotteries celebrated a win of a
different kind this week, having received accolades for excellence in
advertising at the recent Adelaide Advertising and Design Club (AADC)
Awards.
Judged interstate on national and
international advertising standards, the AADC Awards were presented at a
function at Adelaide Oval earlier this week.
SA Lotteries latest television
commercials for Lotto Born Free and Lotto Megadraw
Fridge Magnets received Silver awards in a category where no
Gold awards were presented.
The Lotto Megadraw Lost
Car radio advertisement was awarded Bronze, along with SA
Lotteries Were moving postcard, which was
distributed in the weeks prior to the organisations relocation to
Wayville in February last year.
The AADC also awarded Finalist status to
the following SA Lotteries advertisements:
- Easiplay Club 'Happiness in a Cupboard'
- Newspaper Advert
- SA Lotteires Corporate 'We've
Moved' - Newspaper Advert
- Lotto Megadraw 'Demolition' - Radio
commercial
All SA Lotteries award-winning and
finalist entries were submitted by advertising agency Clemenger BBDO
Adelaide.
SA Lotteries congratulates Clemenger BBDO
Adelaide for their efforts in continuing the winning theme of luck and
lotteries throughout these fabulous advertising campaigns.
SOURCE: SA Lotteries media
release. CONTACT: Bernadette Tieste, Manager Corporate
Communications, Ph: 08 8208 4390, Mobile: 0401 125 223.
INTRALOT Successfully Launched the Operation of Its On-Line Gaming
System in Montana, USA
ATHENS, Greece (April 10, 2006) --
INTRALOT USA has successfully launched
the operation of its second gaming system in the United States for the Montana
State Lottery and is now fully operational. The new on-line and instant gaming
system was activated on March 31st.
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In just three months, INTRALOT installed
the CORONIS terminals at all of the retail locations, the LOTOS O/S
central system, a new, state-of-the-art satellite communications network and
provided all of the necessary training to the Lottery. The carefully
planned and professionally executed implementation and conversion project led
to a smooth transition for the Lottery and their retailers.
The new integrated system represents the
first IBM-based system that INTRALOT has installed in the US market. It
is built on INTRALOTs LOTOS O/S core system and operates on a IBM
AIX platform. This new configuration ensures speed, reliability and
security for Lotterys transactions.
George Parisot, Director of the Montana
Lottery, said: While we still have a lot of post-conversion work to
do, I want to take a moment to reflect on the outstanding work and long hours
everyone at the Lottery and INTRALOT put in to make this conversion a
success. This conversion to the new system was completed on-time in a
short three months, from start to finish. Im extremely pleased with
the smooth transition to INTRALOTs on-line gaming system.
INTRALOT S.A. CEO, Mr. Constantinos
Antonopoulos stated: With the successful upgrade and launch of the
Montana Lotterys on-line gaming system, which consists of the second
system designed and implemented by our company in the U.S., INTRALOT once more
demonstrates its capacity to provide an advanced gaming solution to our
clients. We are sure that our partnership with the Montana Lottery will
be mutually rewarding and as gratifying as it is with our other U.S. customer,
the Nebraska Lottery.
INTRALOT USA President and CEO, Tom Little
added: We are very proud of this accomplishment and I wish to thank
the dedicated and hard working professionals of our staff who made this
happen. In addition, George Parisot and his staff deserve special thanks.
The conversion was a success because of their efforts and cooperation. We
have established a true partnership with the Montana Lottery that will enable
both of us to meet and conquer the challenging marketplace of the
future.
INTRALOT signed the contract with the
Montanas State Lottery late last year. The contract is for seven
(7) years with three one-year extension options. The new contract brings
Montana technology upgrades through INTRALOTs LOTOS O/S On-line and
Instant Gaming Computer System on the IBM AIX platform, 750 of its CORONIS
full-function, high-end compact terminals for retailer locations across the
state and a state-of-the-art satellite network to link retailer terminals to
the central system. All equipment, software and related services will
support the increase of sales through the development and implementation of
customized and innovative marketing and promotional programs.
About INTRALOT (www.intralot.com)
INTRALOT, a public company listed on the
ASE, is a leading supplier of integrated gaming and transaction processing
systems, innovative game content and value added services to state-licensed
gaming organizations worldwide. Its broad portfolio of products &
services, its know-how of Lottery, Betting & Video Lottery operations, its
experience in sports games and its leading-edge technology, give INTRALOT a
competitive advantage, which contributes directly to customers
efficiency, profitability and growth. With 33 subsidiaries, 8 business
offices, 3.000 people and revenues of 523 million for 2005,
INTRALOTs footprint straddles five continents.
SOURCE: INTRALOT. For more information
please CONTACT: Ms. Evi Ioannidou, Communications Director, Phone:
+30-210-6156000 Fax: +30-210 6106800, email:
ioannidou@intralot.com.
MDIs New International MotoGP License Gives Lotteries Rights to
the Popular Racing Craze Agreement Includes Action Images of
High-Profile Racers
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| MDI Agreement
Includes Action Images of High-Profile Racers |
ALPHARETTA, Georgia, USA (April 7, 2006)
-- Lotteries worldwide can tap into one of the top forms of motorcycle racing
MotoGP now that MDI
Entertainment, a wholly-owned subsidiary of
Scientific Games Corporation (NASDAQ:
SGMS), has acquired the exclusive rights to the high-octane, thrilling
sport.
From stock cars to track bikes,
the world of racing is now more than ever making a huge impact in the sports
arena, attracting new fans and loyalists every season, said Steve
Saferin, MDI president. The popularity of MotoGP is soaring,
especially in the international market, and games featuring the sport and its
celebrated racers will attract an entire new generation of lottery
players.
MDIs agreement with Dorna Sports
S.L., the holder of all commercial and television rights to MotoGP, gives
dedicated enthusiasts and lottery players exclusive games that feature action
shots of all the hottest racers and opportunities to win cash prizes plus
hard-to-get MotoGP merchandise including technical accessories, watches, phone
and cellular accessories and apparel. Dorna is an international sports
management company founded in 1988. Its headquarters are in Madrid with branch
offices in Barcelona, Tokyo and London.
This agreement is a result of our
efforts to expand our offerings available to international clients while
keeping in mind our domestic customers, Saferin said.
MotoGP consists of nine months of racing,
with 17 Grands Prix in 14 countries across five continents every year. More
than 2 million spectators attend the circuits over the season and more than 311
million fans world-wide watch each individual Grand Prix on television. Of
those viewers, MDI research shows over 80 percent of those viewers would choose
a brand they associate with MotoGP.
Dorna CEO Carmelo Ezpeleta added,
As MotoGPs appeal expands throughout the world, our agreement
with MDI Entertainment is an excellent way for the brand to receive global
exposure. Additionally the exposure will happen in an exciting medium which
ties in perfectly with the thrill of the sport itself.
About Scientific
Games
Scientific Games Corporation
(www.scientificgames.com) is the leading integrated supplier of instant
tickets, systems and services to lotteries, and the leading supplier of
wagering systems and services to pari-mutuel operators. It is also a licensed
pari-mutuel gaming operator in Connecticut and the Netherlands, and is a
leading supplier of prepaid phone cards to telephone companies. MDI
Entertainment, a wholly-owned subsidiary of Scientific Games Corporation, is
the worldwide leader in licensed lottery games and promotions.
SOURCE: MDI Entertainment. CONTACT:
Jeff Schweig, Phone: 678-297-5212.

Pollard Banknote Awarded Bingo Paper Contract by Manitoba Lotteries
Corporation
WINNIPEG, Canada (April 10, 2006) --
Pollard Banknote Limited Partnership
(Pollard Banknote) is pleased to announce that the company has
entered into a new contract with Manitoba
Lotteries Corporation (MLC) for the supply and delivery of bingo paper.
The contract, valued in excess of one
million dollars (CDN) annually, is to start in April 2006. The contract has an
initial term of 36 months and includes an option for MLC to extend the contract
for two additional one-year periods.
MLC is a new customer for Pollard
Banknotes bingo paper, and we are thrilled the Lottery has chosen to work
with us, said Jennifer Westbury, Vice President, Sales &
Marketing, Pollard Banknote. While we sell bingo paper to many private
charitable gaming distributors in North America, this contract brings us our
first lottery customer for bingo paper.
The bingo paper will be played at the
Casinos of Winnipeg (Club Regent and McPhillips Street Station) and also at
licensed bingo events across Manitoba. Pollard Banknote will supply
approximately 900 million individual bingo cards each year.
About Pollard
Banknote Pollard Banknote is one of the worlds leading
full-service lottery vendors and is a major supplier to North Americas
charitable gaming industry. The firm manufactures instant tickets and
provides related programming, design, and marketing support. As well, Pollard
Banknote manufactures ticket vending machines, pull tab tickets and bingo
paper, and supplies lottery management services (including warehousing and
distribution). Established in 1907, the firm is owned by the Pollard family and
the Pollard Banknote Income Fund and currently serves more than 45 lotteries
worldwide, including some of the largest and most respected lotteries in the
United States, Canada, Europe, Asia, and Central and South America.
About Pollard Banknote Income
Fund Pollard Banknote Income Fund (TSX: PBL.UN) is an
unincorporated, open-end trust which owns 26.7% of Pollard Holdings Limited
Partnership, which in turn owns Pollard Banknote Limited Partnership.
SOURCE: Pollard Banknote Limited
Partnership. For further information please CONTACT: Gordon Pollard (gpollard@pbl.ca)
or John Pollard (jpollard@pbl.ca),
Co-Chief Executive Officers, Phone: (204) 474-2323,
www.pollardbanknote.com.
Lotto Available Soon in WA on Mondays and
Wednesdays
PERTH, Western Australia (April 10, 2006)
-- Lotterywest today announced that it will
soon have a new Lotto game to offer to West Australian players.
As well as playing Lotto on Saturday, WA
players will soon have the chance to play their favourite game on both Monday
and Wednesday.
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Players will be able to buy tickets in the
new game from 27 April, and the first draw will take place on Monday, 1 May
2006.
Lotterywest is able to offer this new game
to WA Lotto players after being invited by NSW Lotteries to join an existing
game that New South Wales players have been playing for years. SA
Lotteries is also joining this game.
Lotterywest is confident that this new
game will be a welcome addition to the other three Lotto games available in WA,
and is hopeful that the new game will also attract some new players.
West Australians love Lotto and
our market research tells us that our players would welcome the chance to play
more often, said Lotterywest CEO Jan Stewart.
Players will need to choose 6 winning
numbers from 45, just as for Saturday Lotto, however the game will have a lower
ticket price than the weekend game, costing players just 30 cents a game plus
retailer commission. A minimum entry of 4 games will cost just $1.30.
Mondays Lotto draw will offer a
Division One prize pool of $1 million, and Wednesdays Lotto draw will
offer $750,000 as its top prize.
Lotterywests Chairman Clyde Bevan
said he was pleased that Lotterywests initiative would further champion
support for the WA community, through its grants program.
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The extra $10 million that
Lotterywest hopes to raise from the proceeds of this new game will be extremely
beneficial to so many community groups and non profit organisations within our
State.
Ultimately, it will be the people
of WA, through our health services, our sports and the Arts, and charitable
organisations who will be the real winners of this new game.
Information on the new Lotto game can be
obtained from Lotterywest retail outlets around the State.
SOURCE: Lotterywest media
release. CONTACT: Angelika Fawcett, Corporate Communications Coordinator,
Tel: 08 9340 5227, Mobile: 0438 996 884.
Massachusetts Lotterys New Red Sox Instant Ticket on Sale
Tomorrow Games Grand Prize Winner to Receive Pair of Red Sox
Season Tickets for Life!
BRAINTREE, Massachusetts, USA (April 10,
2006) The Massachusetts
Lotterys new Red Sox Instant Ticket the nations first
instant game to feature a Major League Baseball team logo will go on
sale tomorrow at the Lotterys 7,600 licensed retailers throughout the
Commonwealth, including Fenway Park.
This exciting new $5 instant game offers
over $150 million in cash and Fenway Fantasy Prizes.
In addition to traditional cash prizes,
including 10 $1 million prizes, the Red Sox Instant Ticket features a second
chance drawing in which one lucky player will win a Grand Prize of a pair of
Red Sox season tickets for life. The game will also award other attractive
prizes such as Red Sox tickets, merchandise, trips, and game-related
experiences.
Players can learn more about the game by
reading the back of the Red Sox Instant Ticket, by picking up a brochure at any
Lottery sales agent location, or by logging on to the Lotterys website at
www.masslottery.com
SOURCE: Massachusetts State Lottery
Commission. CONTACT: Beth A. Bresnahan, Director of Communications, (781)
849-5600 (office), (781) 858-4277 (cell).
Maryland Lottery and MDE Make a Big Splash New Liquid
Treasures Scratch-off Ticket Promotes Water Conservation
BALTIMORE, Maryland, USA (April 10, 2006)
The Maryland Lottery and the
Maryland Department of the Environment are really pouring it on this Spring. To
encourage water conservation in Maryland, the Lottery has partnered with MDE to
launch a new scratch-off ticket, Liquid Treasures. With a waterfall backdrop,
each ticket offers one of 16 different water conservation tips, such as,
For every minute you shorten your shower, you save up to 3 gallons of
water. Players have the chance to win up to $10,000 by
scratching the symbols on the ticket, featuring a series of images that relate
to water-usage.
"This ticket presents a wonderful
opportunity to help MDE create public awareness of the importance of water
conservation," said Maryland Lottery Director Buddy Roogow. "It's an issue
that affects all Marylanders."
MDE hopes the unique appearance and
conservation messages found on each ticket will help to influence players to
think twice before keeping that water tap on too long. The
Maryland Lottery has provided us with a fun, unique opportunity to share
important conservation messages with Maryland citizens, said MDE
Secretary Kendl P. Philbrick. In order to ensure adequate water
resources for our future needs, we must put conservation measures into effect
now.
The $2 ticket launches today, April 10th
and will continue to be on sale throughout the summer months, when warmer
weather coincides with higher water use.
For more information on water
conservation, visit the MDE website at www.mde.state.md.us.
For more information on Liquid Treasures,
see your local Lottery Retailer or visit www.mdlottery.com
SOURCE: Maryland Lottery.
Red Rock Casino Resort Spa to Open Exclusively with JCM American
Products
LAS VEGAS, Nevada, USA (April 10, 2006)
When the worlds newest casino, the Red Rock Casino Resort Spa,
opens in Las Vegas this month, the casino floor will be protected by the most
secure technology available, thanks to JCM
Americans Universal Bill Acceptor (UBA). The casino will be
exclusively equipped with the UBA and JCMs Intelligent Cash Box
(ICB®).
The Red Rock contract is the latest in a
continuing wave of success for the UBA and ICB since making their premiere at
Wynn Las Vegas last year. Since then, the award-winning products have been
selected by top operators around the world.
Being at Red Rock is very
exciting news for JCM. The property will set a new standard in
locals casinos. Clearly, Station Casinos has carefully selected
only the very best for this new property, and we are honored to be a part of
that exclusive group of suppliers, said JCM VP of Gaming Solutions,
Tom Nieman.
The UBA is the next generation bill
validator, utilizing the latest sensing technology, including magnetic and
optical sensors. The UBA is completed by its forward/backward-compatible,
high-impact Plastic Cash Box. The ICB system links the slot floor and the
backend, increasing efficiency by reducing common human errors in casino drop
and count processes.
About JCM American
Corporation JCM American Corporation is the industry leader in
currency handling systems and provides products, software and services to the
gaming, vending, banking, amusement, and petroleum industries. Since 1995, its
products have validated an estimated $2.2 trillion in currency for the gaming
industry alone. From its international headquarters in Osaka, Japan, and
affiliates in Düsseldorf, Hong Kong, London, Sydney and its U.S.
headquarters in Las Vegas, JCMs progressive spirit continually sets
worldwide industry standards with innovative products such as the World Bill
Acceptor (WBA®), Universal Bill Acceptor (UBA), Trident Table
Safe System and Intelligent Cash Box (ICB®). For more information, visit
www.jcm-american.com.
SOURCE: JCM American Corporation media
release distributed by Steinbeck Communications, CONTACT: Paul Speirs, P:
702-413-4278, F: 702-233-3492, E: paulspeirs@cox.net.
Svenska Spels Successful Start for Internet
Poker
Article By: Göran
Wessberg
STOCKHOLM, Sweden (March, 2006) -- March
30 is to become an historic day in the history of
Svenska Spel, the Swedish National
Lottery. That was the day when the company was the first state lottery in the
world to offer Internet Poker to the players in its own jurisdiction.
Within hours more than 20 000 players had
registered themselves to be able to take part at Texas Hold´em, Omaha,
Dark Poker and Omaha high/low. You can choose your own stake level and the rake
for taking part in the game is 2.5%.
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We will offer a wide range of
tournaments and events, said Ira Gladnikoff, the sales manager for
poker at svenskaspel.se at a press conference at Casino Cosmopol in Stockholm
last week.
We will also let our players be
able to compete and play with famous poker stars and athletes. There will be a
ranking list for our players on the website as well - and much more to
follow.
It is estimated that there are more than
200 000 Swedes playing Internet poker. Until now foreign bookmakers located
mostly in Malta, the UK and the Caribbean have taken the lions share of
the interactive gaming market in Sweden. It is to be hoped that many of
these players now will go for the Svenska Spel option instead. To minimize
risks for gaming addiction each player at www.svenskaspel.se has to set up
individual limits how much to spend at each occasion and the duration of the
play.
Svenska Spel has offered Internet gaming
since May 1999 - sports betting, Lotto, Keno, scratch tickets and bingo. Some
games are also offered on mobile phones. Total sales for 2005 exceeded 1
billion SEK (110 million Euro).
Svenska Spel has a monopoly to organize
and operate sports betting (except horse betting), draw games, VLTs and casinos
in Sweden.
For more information contact Jan
Stocklassa, VP Svenska Spel International, Email:
jan.stocklassa@svenskaspel.se.
SOURCE: Göran Wessberg.
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