GTech Spielo signs contract to supply the Oregon Lottery with 1.500 Oxygen Vlt
GTECH S.p.A. subsidiary SPIELO International Canada ULC (SPIELO) has signed a contract to supply 1,500 new OXYGEN video lottery terminals (VLTs) and associated software and games to the Oregon Lottery. GTECH expects to receive total revenues of approximately $22 million from the sale in 2014.
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Under the terms of the contract, which is the result of a request for offers, GTECH will provide 1,500 of SPIELO’s OXYGEN VLTs which the Oregon Lottery will use to replace 1,500 of its VLTs. The Oregon Lottery plans to retain the 2,500 SPIELO prodiGi Vu® VLTs delivered by SPIELO in 2009. The 1,500 OXYGEN VLTs will represent a 60% increase in GTECH’s market share. Following the deployment of the OXYGEN VLTs, the 4,000 VLTs will represent approximately 33% of the Oregon Lottery’s installed base of approximately 12,000 VLTs.
“Through this contract, GTECH is delighted to continue its relationship with the Oregon Lottery, which operates one of the most successful and forward-looking VLT programs in North America,” said GTECH Americas President and CEO Jaymin B. Patel.
“For almost a decade, each generation of SPIELO VLTs in Oregon has continuously performed well, helping the Oregon Lottery meet its objectives of operating a VLT program with the highest standards of security and integrity for the benefit of Oregon residents,” said Oregon Lottery Director Larry Niswender. “We are pleased to continue this relationship, which we believe will ensure the program’s future success and sustainability.”
The contract provides for the delivery of a software package including 12 games. The OXYGEN VLT contains the robust, easy-to-service sensys EP™ platform, and features dual 22-inch HD widescreens, advanced ergonomics, and the flexibility to provide tomorrow’s games today. Delivery of the OXYGEN VLTs is expected in 2014.