GTECH Holdings Corporation, who runs Jamaican lottery company Supreme Ventures' IT platform, has announced that its wholly-owned subsidiary, GTech Lanka, has signed a 10-year integrated services contract with the Mahapola Higher Education Scholarship Trust Fund (MTF) to be the provider of on-line, instant, and passive lottery technology and management services in Sri Lanka.
The MTF is the preeminent higher education scholarship trust fund in Sri Lanka. The contract includes a five-year extension option and follows a competitive procurement process that involved eight other bidders. GTech anticipates launching the new system in mid-2004. With respect to its contract with MTF, GTech anticipates generating revenues in excess of US$100 million over the life of the contract.
"This is yet another example of GTech's Enterprise Series solution being embraced by a broad spectrum of countries around the globe," said GTech President and CEO W. Bruce Turner.
"We look forward to putting our experience and commitment to this new business relationship by providing MTF with a very secure and robust open architecture platform, end-to-end use of open architecture standards and applications, and a wide range of world-class management services encompassing a large number of new gaming and retail solutions."
