GTECH subsidiary agrees Colorado Lottery deal

iGaming Business – GTECH Corporation, a subsidiary of global lottery and gaming company GTECH, has signed a lottery gaming system and services contract with the Colorado Lottery to provide a full range of lottery products and ongoing services. The contract, which follows a competitive procurement, will begin on November 2, 2014 and run through to June 30, 2021. There are also a maximum of two, two-year extensions that may be exercised in whole or in part at the discretion of the Colorado Lottery. GTECH has estimated that it will receive approximately $70 million (€51.7 million) in revenues over the base…