American gaming technology firm GTech Corporation has signed a 20-year contract with the Dominican Republic’s Loto Real Del Cibao to be the exclusive technology provider to Loto Real for an online lottery system.
A subsidiary of Italian lottery company Lottomatica, GTech revealed that the deal also includes the provision of terminals along with future commercial services and other gaming opportunities for the Dominican Republic.
“This contract with Loto Real, which comes on the heels of our recently-announced contract with Polla Chilena in Chile, is further evidence of lotteries in Latin America and the Caribbean continuing to turn to GTech for our superior service, our extensive experience in the region and our broad portfolio of product and services offerings,” said Jaymin Patel, Chief Executive Officer and President for GTech.
“We look forward to working together with our newest customer, Loto Real, to bring a state-of-the-art online lottery to the Dominican Republic as well as provide a full range of additional services including lottery best practices consultancy and business development and collaborate on future commercial services and other gaming opportunities over the term of our contract.”
Loto Real was recently awarded a concession to operate and manage an online lottery for the Dominican Republic for 20 years and GTech’s contract is expected to see it receive revenues of approximately $130 million.
“We are extremely satisfied to have signed a 20-year contract with the world’s largest and most competitive online lottery company,” said Jose Bernardo Guzman, President for Loto Real.
“This project's moving forward is a reflection of the confidence that international firms like GTech have in making direct investments in the Dominican Republic, largely due to the institutional integrity that now exists.”