New Jersey withdraws from lottery contract negotiations

GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., was notified by the New Jersey Department of Treasury (the Department) that it has withdrawn its notice of intent to negotiate a new Gaming Systems and Support Services contract with GTECH. As a result, the Department indicated it will release a new Request for Proposals (RFP) in the very near future.

In November 2005, following an open and competitive procurement process, New Jersey's Division of Purchase and Property selected GTECH for the five-year contract. This award was subsequently challenged by a competitor. The New Jersey Treasurer determined that it was in the best interest of the state to cancel the protest process that was underway to deal with the competitor's challenge and re-bid the contract.

W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO, commented, "While we are obviously disappointed by this development, we recognize the importance of responding to the Department of Treasury's new RFP process in as timely and open a manner as possible. GTECH is confident that its upco

2006-10-24