International Lottery and Totalizator Systems (ITSI) Message Board

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Non-Tech : International Lottery and Totalizator Systems (ITSI)

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To: LEO RISHTY who wrote (142)	10/31/1999 11:16:00 AM
From: Toni Wheeler	of 160

Leo, Will this news for ELOT affect ITSI bottom line?? : <<<eLottery Announces Internet Sales Contract - Company Selected to Provide Web-Based Retail Sales of Jamaica Lottery Tickets Business & Technology Editors MILFORD, Conn.--(BUSINESS WIRE)--Oct. 26, 1999--eLottery, Inc., a subsidiary of EXECUTONE Information Systems, Inc. (NASDAQ: ELOT), announced today that it has contracted to provide capabilities for web-based retail sales of lottery tickets for the Jamaica Lottery. As a part of its agreement with the Jamaica Lottery, eLottery will develop an interface with the existing lottery operations. The initial launch, scheduled for early 2000, is expected to feature Internet sales of tickets for the Jamaica Lottery's popular existing "Lotto" and "Pick 3" games. The Jamaica Lottery conducts one of the largest and most successful lotteries in the Caribbean region. During its last fiscal year the Jamaica Lottery generated over $50 million in revenue with dividends to worthy causes in excess of $5 million. Prizes paid to winners were in excess of $22 million. The Jamaica Lottery is a member of the North American Association of State and Provincial Lotteries.>>>

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