GTECH explains pricey N.J. Lottery contract

Comment #5

Rubi 311 — Fri, 13 Oct 2006 23:54:25 GMT

GTECH Corporation has MORE resources than any other gaming corporation that exists at this point. I believe they run 29 out of 34 states and around 56 lotteries outside the U.S. They run Louisiana, Florida, Texas, Illinois, Georgia...and many more.

My spouse USE to be the GTECH Operations Manager for ILllinois for years. His comparison of GTECH to other gaming corporations... It depends on what kind of vehicle you want to get you there...a Cadillac or a Pinto

Comment #4

JimmySand9 — Fri, 13 Oct 2006 20:26:14 GMT

Connecticut is close to New Jersey, but it's not really a neighboring state.

Really, I can't tell you which terminal is better than the other. They all do the same things to me. Personally, I like the look of GTech tickets over that of Scientific Games. GTech just looks more professional. But then again, I'm a connoisseur when it comes to this stuff.

Comment #3

Drivedabizness — Fri, 13 Oct 2006 16:17:11 GMT

The real pricing equation is tough to calculate sometimes...

For example, if you bid a percentage of sales, you assume a certain level of sales, times your percentage, to get an estimated contract cost to the State. I haven't seen those assumptions published.

Look at neighboring Connecticut - their terminals (admittedly, they are old) break down all the time.

SciGames also has no experience running a state this big. It would only take a couple of extra days of down time t... [ More ]

Comment #2

rdc137 — Thu, 12 Oct 2006 20:54:41 GMT

The easiest way to boycott this is with your dollar. Spend it elsewhere and make it harder for them to afford the contract.

Comment #1

floridian — Thu, 12 Oct 2006 18:57:31 GMT

Anybody:

Does not GTech manage the Louisiana Lottery? Either than or one or more of the Southern States. They have huge assets and apparently put their spare cash in the right pockets.

Floridian

GTECH explains pricey N.J. Lottery contract

Lottery Post — Thu, 12 Oct 2006 18:48:00 GMT

Seeking to justify a price tag of nearly $32 million more than a competitor to run the New Jersey's lottery for the next five years, representatives of the state's lottery operator said Wednesday that their system is more convenient for vendors and would result in less down time and lost revenues for the state.

Representatives for GTech, which won a new contract despite bidding $106.7 million to Scientific Games' $75 million, said the higher price comes with more assurance that its terminals... [ More ]