GTECH Corporation is a company based in West Greenwich, Rhode Island, in the United States. GTECH manages many state lotteries in the United States and also has contracts to manage local and national lotteries in Europe, Australia, Latin America and Asia. It is considered to be on the forefront of online lottery technology development.

According to GTECH's website, it controls 70% of the worldwide online lottery business. The company employs over 5,000 people worldwide and earned over $US 1 billion in 2004. The company has acquired several subsidiaries outside of the United States, including Interlott, LilHCo, Spielo, and IGI Europrint. GTECH maintains operations centers in Australia, Belgium, Poland and Brazil.

In March 2003, GTECH announced its plans to move its headquarters from its campus in West Greenwich to Providence, and is building a new 10 story building in downtown on Waterplace Park. The new headquarters is scheduled for completion in 2006.

As of 2005, the company began diversifying into casino management in the United States. On March 2, 2005, the Commonwealth of Pennsylvania announced that it had selected GTECH to supply a central control computer system that will monitor slot machine gaming for the state, when it is authorized to begin no earlier than 2006.

In September 2005, the company announced that it was putting itself up for sale. According to press reports, this was done in response to an unsolicited bid for the company by the private equity arm of Goldman Sachs. In January 2006, it was announced that GTECH would be purchased by Italian companies Lottomatica SpA and De Agostini SpA. Lottomatica operates Italy's Lotto and De Agostini is a privately held holding company and Lottomatica's majority shareholder. GTECH is expected to survive the sale as a business unit of Lottomatica.

GTECH's ticker symbol on the New York Stock Exchange is GTK.

External links

• GTECH Home Page

Companies based in Rhode Island