Lottomatica to rebrand as Gtech
Italy’s Lottomatica, the world’s largest lottery business, is to rebrand as GTech in recognition of the strength of its GTech subsidiary.
The gaming giant said the move was part of a plan to realign its various business interests around three global geographic regions.
The group, which is currently organised in three separate business units, acquired the Rhode Island-based, GTech Holdings, in 2006 for €3.45 billion.
Gtech, which supplies the technology for the Irish lottery, is known to be one of several interested parties to have met Government officials regarding the upcoming sale of Ireland’s lottery licence.
Under the plan, which will be implemented throughout 2013, Lottomatica, now Gtech, has appointed Irishman Declan Harkin to head up its European, Middle East and African business division.
Mr Harkin is currently GTech’s senior vice-president and chief operating officer.
![“Aggressive pricing and margin deterioration was exacerbated by a very poor summer release schedule as a result of numerous sporting events such as Euro 2012 and the [London] Olympics,” group managing director Stephen Fitzgerald said. Photograph: David Sleator](/polopoly_fs/1.1403323.1369252679!/image/image.jpg_gen/derivatives/landscape_140/image.jpg "“Aggressive pricing and margin deterioration was exacerbated by a very poor summer release schedule as a result of numerous sporting events such as Euro 2012 and the [London] Olympics,” group managing director Stephen Fitzgerald said. Photograph: David Sleator")
