he Board of Directors also approved the financial statements of Lottomatica S.p.A. and will submit to the Annual General Meeting for approval. The Board further recommended a proposed dividend, and scheduled an ordinary and extraordinary shareholders' meeting for April 23, 2007. "Our 2006 results were very positive, and we are encouraged by the continuous strong development of the Italian instants market," said W. Bruce Turner, CEO of Lottomatica Group.
"We are clearly seeing the benefits of the merger and beginning to leverage Lottomatica's operational expertise in several areas including privatization plans and operator markets around the world.
We are also utilizing our GTECH subsidiary's operational expertise to supplement growth across the Italian platform as we look to provide a broader array of technology, content, and distribution products within our Italian world showcase. Our confidence in 2007 and beyond remains high, and we are excited about the long-term growth prospects of the business."
"We delivered another strong year of performance in 2006," said Marco Sala, Managing Director of Lottomatica Italian Operations. "For our Italian operations, total Lottery wagers grew 19 percent year-over-year, and we experienced continued growth in the Commercial Services segment. With our recent sports betting award, we look forward to launching and developing our Italian sports betting business."
Revenues for 2006 totaled 938.9 million euros including approximately 289.3 million euros from four months of GTECH operations. Overall, revenues grew 61.1% year-over-year, while revenue from Lottomatica's Italian operations grew 11.5% year-over-year.