BUSINESS

Struggling Kentucky Lotteries strikes GTECH and SG deals

TAGs: GTECH Corporation, Kentucky Lotteries, Scientific Games

Time to stop horsing around

Time to stop horsing around

After grim results that saw a 4% drop in lottery sales for the nine-month period ending March 31st and equally grim predictions of full year sales falling some $52.9 million below budgeted levels, Kentucky Lotteries has called in the cavalry – and it’s got nothing to do with the Derby. Actually, it’s more of a two horse job than a cavalry, but GTECH Corporation and Scientific Games could well be the answer. The former will provide new lottery technology and online lottery products and services, while the latter will supply Kentucky Lottery’s instant tickets from next year. If all else fails, it can always do what everyone else in the Kentucky does and just sue the fuck out of someone for the money instead. Read more.

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