GTECH S.p.A.

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GTECH S.p.A.
Type Società per azioni
Traded as BITGTK
Industry Gaming
Founded 1990
Headquarters Rome, Italy
Key people Lorenzo Pellicioli (Chairman), Marco Sala (CEO)
Products Lotteries, gaming technology
Revenue €2.314 billion (2010)[1]
Operating income €386.0 million (2010)[1]
Profit €492,000 (2010)[1]
Total assets €6.963 billion (end 2010)[1]
Total equity €2.359 billion (end 2010)[1]
Employees 7,600 (end 2010)[1]
Website [1]

GTECH S.p.A. (ex Lottomatica S.p.A.) is an Italian company active in the gaming business and it is the license holder for the Italian National Lottery. The world's largest operator of lotteries[2] (its portfolio includes Italy's Lotto game), Lottomatica also provides various other gaming services and related technologies. The company has its offices in Rome.

In August 2006, De Agostini Group completed the acquisition of GTECH Corporation, a U.S. gaming company. This transaction has created one of the world's leading gaming solutions providers, with significant global market share and the broadest portfolio of technology, services, and content solutions. GTECH manages many state lotteries in the United States and also has contracts to manage local and national lotteries in Europe, Australia, Latin America the Caribbean and Asia. It is controlled with a 59.8% stake by the De Agostini group.

Ticker symbol[edit]

GTECH's S.p.A. ticker symbol is GTK and listed on the Mercato Telematico Azionario in Milan, and managed by Borsa Italiana since 17 May, 2001.

Current holdings[edit]

GTECH now control 63% of the worldwide online lottery business. With the acquisition of 2006 of GTECH Corp., the Company increased its global business activities due to a permanent presence of its employees in several countries throughout the world. GTECH S.p.A. has operations in 52 countries worldwide on every continent and deals with various ethnicities and nations with different levels of local employment laws. In order to meet these various requirements, GTECH S.p.A. complies with the principles of the International Labor Office’s Tripartite Declaration of Principles concerning Multinational Enterprises and its social policy (Geneva 2000). In particular, the Company complies with all of the recommendations in the aforementioned declaration with regard to relations with staff in the various states.[3]

In July 2014, GTECH agreed to acquire American company International Game Technology (IGT), the world's largest slot machine manufacturer, for a total of $6.4 billion, including $4.7 billion in cash and $1.7 billion in assumed debt. The companies would be combined under a new holding company based in the United Kingdom, and the IGT name would be dropped in favor of GTECH.[4]

References[edit]

  1. ^ a b c d e f "Annual Report 2010". Lottomatica. Retrieved 2 May 2011. 
  2. ^ "Lottomatica's GTech to acquire 90 pct of St Enodoc". Reuters. 3 April 2008. Retrieved 2009-08-09. 
  3. ^ http://www.gtech.com/eng/jobs/lavora_con_noi.html
  4. ^ Howard Stutz (15 July 2014). "IGT sold in $6.4 billion deal with lottery giant GTECH". Las Vegas Review-Journal. Retrieved 2014-07-16. 

External links[edit]