GTECH looks for Taiwan score

Jun 26, 2001 10:34 AM

GTECH Holdings (GTK) chose the right partner in its bid for the lottery contract in Taiwan and together with ACER Inc. won a five year agreement to operate that country’s lottery system.

GTECH holds 44 percent of the contract with partner ACER, a leading computer manufacturer and information technology company in Taiwan, having a 56 percent equity interest in Lottery Technology Services Corporation (LTSC).

Making the selection was Taipei Bank, the actual license holder to operate the National Lottery in Taiwan. The decision, however, is subject to review of the Ministry of Finance before a definitive agreement is signed.

MICROS Systems Inc. (MCRS) has been selected to install its information technology solutions system in the new Siena Hotel Spa Casino opening this summer in Reno, Nev.

Casino and racetrack operator Penn National Gaming (PENN) has filed to sell up to $300 million in debt securities and preferred and common stock.

GovernmentFirst says it has created an e-marketplace for educational institutions utilizing Las Vegas-based PurchasePro (PPRO).

Bill Schmitt, gaming analyst for CIBC World Markets, has raised his earnings per share estimates on Ameristar Casinos (ASCA) to 39 cents for the second quarter and $1.44 for the fiscal year.

Alliance Gaming (ALLY) said it expects to report earnings of $2.20 per share for the fiscal year ending June 30 on revenues of $255 million. Factoring in a $6.6 million fourth quarter charge for termination of an agreement to sell its Nevada slot route, the result is $1.27 per share. The consensus estimate of analysts was $2.11 before the charge.