GTECH signs extension with Turkish lottery
GTECH Corporation has signed a two-year contract extension with the state-owned Turkish national lottery, Milli Piyango Idaresi Genel Mudurlugu. Under the terms of the new deal, GTECH will provide new lottery technology, products, and ongoing services.
Milli Piyango was established in 1939 and is the exclusive license holder to operate all lottery games in Turkey, which includes online, instant, and passive games. GTECH has been the online equipment and services provider to Milli Piyango since 1996.
The two-year extension will begin following the upgrade of Milli Piyango’s central system, and is expected to generate total revenues of approximately US$30m for GTECH. GTECH will upgrade Milli Piyango’s lottery equipment with the company’s Enterprise Series (ES) Evolution central system hardware and install 5,000 Altura GT1200 terminals which will replace and grow the lottery’s current terminal base.
GTECH president and CEO Jaymin B Patel said in the news release:“We are proud of our 15-year partnership with Milli Piyango which continues to grow…With the added benefits and features of new lottery technology, Milli Piyango will not only improve their current business processes, but it will also enable them to expand their product and service offerings, and provide for a future growth path of their retailer network.”