he new 10-year license is expected to commence on February 1, 2009. Executives say GTech expects to receive in excess of us$ 833 million in revenue over the 10-year license period, starting in the third quarter of 2008.
Camelot, a consortium comprised of De La Rue, Cadbury Schweppes, Royal Mail Enterprises, Thales Electronics, and Fujitsu, has been the operator of the UK National Lottery since its inception in 1994.
The new license deal calls for GTech to supply Camelot with more than 27,500 integrated Imagine lottery terminals, which would replace existing machines and grow the terminal base via retailer expansion. Prior to the commencement of the third license, GTech is also expected to convert its existing online gaming system and instant-ticket system to GTech’s Enterprise Series platform.
Lottomatica SpA acquired GTech in August 2006 for us$ 4.5 billion. GTech reported more than us$ 1.25 billion in 2005 revenue as an independent company, and employs 5,300 people in more than 50 countries.