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GTECH to remain as Illinois Lottery supplier until at least 2018

11th December 2014 9:30 am GMT

GTECH said Wednesday that its net income shortfall payments to the Illinois Lottery will total $97.5m during the three years it has been providing its services, with the termination of Northstar Lottery Group’s private management agreement expected to incur an additional charge of $20m in its results for the final quarter of 2014.

GTECH, which holds an 80 per cent controlling interest in Northstar, confirmed that the private management agreement (PMA) is expected to end in [...]

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