| GTECH To Acquire Sports-Betting Solutions Provider
Finsoft Limited ROME, Italy and
PROVIDENCE, Rhode Island, USA (May 15, 2007)
Lottomatica S.p.A. announced that its
wholly-owned subsidiary, GTECH Sports Betting Solutions Limited, has entered
into an agreement to acquire the outstanding share capital of London-based
Finsoft Limited, a leading provider of real-time transaction and information
management systems for the commercial sports-betting market. In addition,
GTECH will acquire substantially all of the
assets of BEG Finsoft d.o.o. Belgrade , an affiliated Finsoft company and the
Serbian-based development center for Finsoft's sports-betting operations. The
acquisition is expected to be completed in the third quarter of 2007, subject
to regulatory and certain other closing conditions, including the spin-off of
Finsoft's non sports-betting businesses to Finsoft Financial Systems Ltd., a
company owned by the existing shareholders of Finsoft.
As a leading provider of sports-betting
solutions, Finsoft has built a reputation of providing its clients with
leading-edge solutions enabling them to offer their players a vast variety of
bets and game offerings through all channels, utilizing real-time risk
management, said W. Bruce
Turner, CEO of Lottomatica S.p.A. and GTECH.
By acquiring
Finsoft, Lottomatica Group is now well-positioned to deliver a complete,
integrated sports-betting solution to our customers and prospects, including
fixed odds, pari-mutuel, betting exchange, and soft gaming via the internet,
telephone, retail, interactive TV, and mobile channels, as well as self-service
terminals, continued Mr. Turner. Our goal is to become the
world's leading provider of sports-betting technology and content to
government-sponsored lottery markets and regulated commercial sports-betting
markets, offering a full suite of support and management services.
Finsoft brings to GTECH an excellent management
team with a specific knowledge base and expertise in the sports-betting market,
as well as strong client relationships, said Predrag Popovic, Chief
Executive of Finsoft. We look forward to working with the Lottomatica
Group to continue the expansion of our business in the growing sports-betting
market, and the opportunity to provide government-regulated lotteries with
leading-edge technology. Through our partnership with GTECH, we also look
forward to continue serving our existing customer base with a wider product
offering. The global sports-betting market
is a 150 billion industry. Lottomatica Group believes this market is
positioned for continued high growth in the foreseeable future, driven by a
number of factors such as the demand for sports-betting technology in Europe
and Asia, including a number of anticipated international bids in Taiwan and
Turkey; the consolidation of technology providers in this particular market;
and the desire for fresh content. Mr. Turner
continued, With Finsoft, we are well-positioned to capture new
business and grow market share by leveraging our leadership position in the
lottery industry, our government relations experience, global presence, and our
technological skills. We also gain a new source of revenue in a high-growth
area of the gaming business. All of these factors will enable us to drive
incremental, profitable, top-line growth for Lottomatica Group, and drive
greater value for our shareholders. Finsoft
currently employs approximately 145 people in its bookmaking teams in London
and Belgrade . GTECH intends to maintain Finsoft's operations in London and
Belgrade and its separate brand identity.
Finsoft's unique
MarginMaker platform runs some of the most successful and fastest-growing
companies in the betting industry, such as Singapore Pools, Chisholm
Bookmakers, and Boyle Sports. An integration plan has been established in order
to assure customers of uninterrupted services and a seamless transition.
Lottomatica is one of the world's largest commercial
lottery operators and a market leader in the Italian gaming industry. GTECH is
a leading gaming technology and services company, providing innovative
technology, creative content, and superior service delivery. GTECH and
Lottomatica together create a fully integrated lottery operator and gaming
technology solutions provider a combined company with worldwide scale,
considerable financial strength, and industry-leading customer solutions.
Lottomatica is majority owned by De Agostini, which belongs to a century-old
publishing, media, and financial services group. Lottomatica is publicly traded
on the Italian Stock Exchange (LTO), and in 2006, had more than 1.6
billion in revenues and 6,000 employees in over 50 countries when combined with
GTECH. For further information CONTACT: Robert K.
Vincent Public Affairs 1-401-392-7452 SOURCE: GTECH
press release. INTRALOT Supports the Community of Global Growth
Companies and Will Participate in the Annual Meeting of the New Champions,
which will take place in China INTRALOTs CEO, Mr. Constantinos Antonopoulos
commented on the benefits of joining GGC Community
ATHENS, Greece (May 15, 2007) -- The World Economic Forum
has created the Community of Global Growth Companies to support the next
generation of businesses as they navigate the challenges of new geographies,
markets, cultures and regulatory systems on their way to becoming the industry
leaders of tomorrow. The inaugural Annual Meeting of the New Champions is a
great opportunity to bring World Economic Forum members and Global Growth
Companies top executives together. INTRALOT, as a member, supports the
Community of Global Growth Companies and will participate in the Annual Meeting
of the New Champions, which will take place in China. INTRALOTs CEO,
Mr. Constantinos Antonopoulos
commented on the benefits of joining GGC Community: The term New Champion has been coined to
describe new, fast-growing companies on a clear path to becoming global
industry leaders within a period of 5-10 years. Can you describe how your
company fits this description?
INTRALOT, with
only 15 years of presence in the lottery industry, managed to become the 2nd
biggest and based on the last three years achievements, the leading
supplier of integrated gaming and transaction processing systems and services
worldwide. With 40 subsidiaries and 7 business offices and a workforce of 3.600
people, the company has already established its presence in all 5
continents. INTRALOT is a leading provider of
integrated gaming and transaction processing systems, innovative game content
and value added services to state licensed gaming organizations. Based on its
extensive know how, advanced product development standards and substantial
experience in operating lottery games, INTRALOT offers custom-made integrated
solutions, which ensure maximum efficiency and absolute security. Being the
only supplier with the profound expertise and know-how to provide full range
operational services for Fixed Odds Betting, INTRALOT manages the worlds
largest sports book, covering bets exceeding US $6 billion worldwide.
Our Group experiences great growth rates, having our
revenues doubled during the last three years and earnings before taxes almost
tripled. Our market capitalization is currently 2,7 billion $ and our revenues
are expected to reach 1,2 billion $ in 2007. These numbers reflect the
right of INTRALOT to be among the New Champions and
therefore, be a member of the Global Growth Companies.
Please follow the link to see the entire interview
http://www.weforum.org/en/events/AnnualMeetingoftheNewChampions/IssuesInDepth/Intralot/index.htm  Idaho Lottery Announce Its Intent to Award a New,
Two-Year Advertising Contract BOISE, Idaho, USA (May 16, 2007) --
The Idaho Lottery announced its Intent
to Award a new, two-year advertising contract to es/drake. ES/Drake of
Boise has been the advertising agency of record for the Idaho Lottery since its
inception in 1989. The Idaho Lottery is well
known for its high quality, results-driven advertising campaigns, stated
Jeff Anderson, Idaho Lottery Director. We believe that es/drake can
continue to meet all our advertising needs for an affordable
cost.
The new contract begins on
July 1, 2007 and will last for a minimum of two years with two, one-year
extensions possible. The contract is estimated to be worth approximately
$350,000 per year. An advertising Request for Proposal
was issued publicly by the Idaho Lottery Commission on February 21, 2007 to
more than 168 advertising companies in Idaho. Respondents seeking the
Lotterys business had until April 13, 2007 to reply. Each
respondent was evaluated on their written response to provide the requested
advertising services, their proposed price, and their oral presentation.
ES/Drake will be integrating a strategic planning
group, a promotions team, and interactive web services to our traditional
advertising campaigns, announced Anderson. Ultimately, we feel they
will maximize our advertising goals and strategies to increase our bottom line
of benefiting Idaho public schools and buildings.
"Everyone here is passionate about the Idaho Lottery
and the ways in which it benefits Idaho schools, said Bill Drake,
President and CEO of es/drake. "We look forward to continuing our
long-standing relationship and providing services that help the lottery
grow." ES/Drake was founded by Bill Drake in 1978
and currently employs 30 people. The Idaho Lottery is their largest and most
visible statewide client. ES/Drake is a full-staffed, integrated marketing and
advertising agency serving Idaho and the northwest. SOURCE: Idaho Lottery (208) 334-2600. First Lottery
Ticket Sold Fourty Years Ago Today
SOUTH AUSTRALIA (May 15, 2007) -- Today marks the 40th
Anniversary of the sale of the first lottery ticket in South Australia.
Established to generate funds for South Australias
hospitals, SA Lotteries commenced selling
tickets on Tuesday, 15 May 1967.
Chief Executive
June Roache says that, like most other
lotteries organisations worldwide, SA Lotteries was established to generate
funds for the local community -- a function the organisation continues to carry
out today. Since 1967, SA Lotteries has returned $3.8
billion in prize money, $1.8 billion to South Australias hospitals, and
since 1987 more than $8 million to recreation and sport.
SA Lotteries biggest prize cheque was paid to a
northern suburbs couple who won a $23.3 million Powerball prize in August 2003.
SA Lotteries plans to celebrate its significant
milestone with two new limited edition games in June:
- the first ever $10 Instant
Scratchies ticket; and
- Lucky SA lottery, a traditional
style lottery game that offers players the opportunity to turn $5 into
$500,000.
SA Lotteries network
will also be in birthday mode with more than 530 agencies across the State
decorating their premises with balloons, streamers and anniversary wrap.
SA Lotteries extends a huge thank you
to all South Australian players for making possible the past 40 years of prizes
to players and profits to hospitals. Enquiries:
Bernadette Tieste, Manager Corporate Communications, Telephone:
8208 4390. SOURCE: SA Lotteries press release.
Launching of
LudWin Group PARIS, France (May
18, 2007) -- In an industry where concentration reduces day after day the
number of actors and the operators' choices, a new supplier has just been
launched: LudWin Group (www.ludwingroup.com). As
leading figures in the gambling sector for over 15 years, Yves Hémard,
Christophe Caye, Games Marketing Services (www.gmslottery.com) and the PMC
group (www.pmc-sa.com) have pooled their efforts to build a new alternative and
offer an innovative approach to operators and supervisory authorities.
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