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Non-Tech : International Lottery and Totalizator Systems (ITSI) -- Ignore unavailable to you. Want to Upgrade?


To: Toni Wheeler who wrote (130)7/10/1999 3:25:00 PM
From: Ted Campbell  Respond to of 160
 
Unfortunately, it appears the South African lottery was awarded to G-Tech's consortium and not ITSI's....I'm depressed!! Here's the bad news:
GTECH Announces Uthingo Consortium Chosen as Preferred Bidder for South Africa National Lottery
WEST GREENWICH, R.I., July 9 /PRNewswire/ -- GTECH (NYSE: GTK - news) today announced that the Uthingo consortium, in which GTECH is a 10 percent equity partner, was chosen as the preferred bidder for the South Africa National Lottery. In addition to the equity stake, GTECH will provide technology for the Lottery. The seven-year license award is subject to successful negotiations regarding the terms of the license.

''This contract award gives GTECH and our Uthingo partners the unique opportunity to pioneer the first online lottery on the African continent and build a communications infrastructure which will benefit lottery beneficiaries and the citizens of South Africa,'' said William Y. O'Connor, GTECH chairman and CEO.

''This award confirms, once again, GTECH's leadership position in the global lottery industry,'' added Mr. O'Connor. ''As the most anticipated lottery contract award since the UK National Lottery, the world's largest online lottery, it presents tremendous growth opportunity for GTECH and our shareholders.''

Uthingo was selected as the preferred bidder following a competitive bid, among three consortia bidding for the South Africa National Lottery license.

Subject to reaching agreement on the terms of the license, Uthingo will operate all aspects of the lottery, including such diverse tasks as provision of a country-wide, dedicated communications network, selection, licensing and training of retailers for start-up and implementation of all marketing activities in support of the lottery.

As a technology partner, GTECH will provide the hardware and software needed to operate the lottery system, as well as provide support and training to the Uthingo consortium.

The Uthingo consortium is a powerful combination of local South African empowerment groups and international lottery experts. The South African partners collectively own 70 percent of the equity and have majority voting rights while the three international lottery companies share 30 percent of the equity. The South African members of the Uthingo consortium include: The Disability Employment Concerns Trust, Motswedi Technology Group Ltd., NAFCOC Investment Ltd., Black Management Forum Investments Ltd., Women's Development Bank Investment Holdings Ltd., and the National Union of Manufacturers Investment Trust. Upon successful conclusion of the license negotiations, the National Empowerment Fund and the South African Post Office will become equity owners in the Uthingo consortium.

The three international partners from the lottery industry are CISL Ltd., the sister company to Camelot, the operator of the UK National Lottery; Tattersalls, Australia's premier lottery and gaming operator; and GTECH, the world's leading online lottery equipment and services provider.

GTECH is the world's leading supplier of computerized online lottery products and services. Currently, GTECH has contracts to supply and/or operate lottery systems for 81 lotteries in 34 countries and now on six continents. GTECH provides equipment and services to many of the world's largest online lotteries including the UK National Lottery, the Texas Lottery, New York Lottery, and the Brazilian National Lottery. For more information about the Company, please visit GTECH's Website at gtech.com.

SOURCE: GTECH

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More Quotes and News: Gtech Holdings Corp (NYSE:GTK - news)




To: Toni Wheeler who wrote (130)7/17/1999 1:47:00 PM
From: Ted Campbell  Read Replies (1) | Respond to of 160
 
Hi everyone,
Thought I'd pass along this latest news from ITSI, in case anyone hasn't heard about it:

International Lottery & Totalizator Systems, Inc. (ILTS) and eLottery Finalize Agreement to Jointly Market on Net Lottery to ILTS Clients
PR Newswire - July 16, 1999 13:17

CARLSBAD, Calif., July 16 /PRNewswire/ -- INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (OTC Bulletin Board: ITSI) and EXECUTONE Information System's (Nasdaq: ELOT) subsidiary, eLottery, Inc. announced today that the companies will jointly market an on net lottery to ILTS' international lottery and pari-mutuel customers. The Companies agreed to develop an interface that will allow ILTS' lottery systems to process eLottery's web-based retailing of lottery tickets.

ILTS Vice-President Lou Burns stated, "Our clients are asking us to present Internet solutions to them. They have emphasized their requirements for experience, safeguards and security -- three qualifications that influenced our decision to enter into an agreement with eLottery. This strategic partnership, coupled with other recent alliances, is a further step in our goal to provide a full range of products and services."

Collectively ILTS international clients represent several billion dollars in total ticket sales. ILTS lottery clients are: the New South Wales Lottery (Australia), the Philippines Gaming Management Corp. (Philippines Lottery), Lotto Ptv. Ltd. (Papua New Guinea,) Sarawak Lottery (Malaysia), The Hong Kong Jockey Club (Hong Kong Lottery) and Olympic Gold plc (Ukraine Lottery). The agreement also extends to joint marketing efforts with respect to ILTS pari-mutuel clients including AB Trav och Galopp (Sweden), Norsk Rikstoto (Norway), South Australia TAB (Australia), Western Australia TAB (Australia), Macau Jockey Club (Macau), Singapore Turf Club (Singapore), and Dantoto (Denmark).

According to eLottery President Mike Yacenda, "We are pleased to partner with ILTS to offer our capabilities for Internet distribution of lottery products to their clients. This is another example of how eLottery's web based retailing can work hand in hand with traditional lottery systems providers."

ILTS provides computerized wagering systems, equipment and services including gaming system software, wagering terminals, data communications, consulting, training, facilities management and maintenance support to lottery and racing organizations in 18 countries worldwide. For more information about the company, please visit ILTS' Web Site at ilts.com.

eLottery, Inc. is a web-based retailer of governmental lottery tickets. Using its past experience and its market tested and secure products, eLottery is committed to leading the governmental lottery industry into the eCommerce market. The Company's electronic lottery tickets can be sold through, and are compatible with, current on-line systems. eLottery is on the World Wide Web at elottery.com with demonstration games at elotteryworld.com.