Monday June 4, 2012 : APPROVAL ON GTECH COSTA RICA ONLINE LOTTO DEAL
Central American deal gets the nod from office of the Comptroller
The Lottomatica Group S.p.A. subsidiary GTECH and Argentinean BOLDT Gaming S.A. consortium have received final approvals from the "office of the Comptroller" in Costa Rica to commence with a six-year contract signed in December last year with La Junta de Proteccion Social (JPS).
Under the terms of the agreement, the GTECH and BOLDT consortium will provide support to JPS including lottery game development, retail management, the supply of technology goods and services, marketing and brand execution, logistics, and warehousing for the Costa Rican online lottery. JPS will provide regulatory oversight and continue to perform all lottery draws.
The contract allows for two, two-year automatic extensions, bringing the total contract length to 10 years from the start of operations of the system.
GTECH president and chief executive officer, Jaymin B. Patel said: "As the new lottery operator, the GTECH and BOLDT consortium will offer JPS the flexibility to evolve their gaming enterprise, and integrate new business technologies and gaming products, all in a socially responsible manner."
General Manager of JPS, Francisco Ibarra added: "We are pleased with the results of the tender process and are confident that the GTECH/BOLDT consortium, given its deep global experience, will develop the online portfolio to ensure that Costa Ricans have access to socially responsible gaming. We are certain that GTECH/BOLDT will bring a wealth of experience in order to have a successful operation in Costa Rica."