Gtech signs seven-year lottery gaming system and services contract with the Tennessee Lottery
Gtech Corporation has signed a seven-year integrated drawing-style/instant-ticket lottery gaming system and services contract, which includes a wide array of lottery products and ongoing services, with the Tennessee Education Lottery Corporation (Tennessee Lottery). The contract, which follows a competitive procurement, allows the Tennessee Lottery the option to renew for up to an additional seven extension years. Gtech expects to receive approximately 130 million in revenues from the new contract, commencing following the lottery gaming system conversion in April 2015. The Tennessee Lottery has been a valued Gtech ustomer since it first began selling tickets in 2004.
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“The Tennessee Education Lottery is one of the most respected lotteries in the industry, with 10 consecutive years of record-setting sales growth. Gtech is privileged to have served as the Lottery’s partner from the very beginning, and has developed a highly collaborative partnership over the past decade,” said Gtech Americas President and CEO Jaymin B. Patel. “We are dedicated to the Tennessee Lottery Corporation’s continued growth and long-term vision, and we are equally committed to the Lottery’s players, its beneficiaries, the businesses that sell lottery products, and the citizens of Tennessee.”
"Working in collaboration with Gtech as a partner has been an important component of our years of record-setting success, a period that has produced more than 3 billion for education-related programs to benefit students and their families in Tennessee," said Tennessee Education Lottery Corporation President and CEO Rebecca Hargrove. "They have delivered expertise and reliability to the benefit of all our stakeholders at the Tennessee Lottery. Now, on the strength of their impressive submission, we are pleased to partner once again with Gtech as we head into our next decade of successful operations."