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Gtech Inks Pact in Germany

The contract should generate revenue of roughly $16 million over five years.
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A unit of

Gtech

(GTK)

signed a five-year contract to provide software support to Westdeutsche Lotterie, the operator of online and instant-ticket lottery games in the German state of Nordrhein-Westfalen.

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In addition to software support and enhancements, Gtech will also act as general contractor for hardware maintenance. Gtech expects the contract to generate revenue of roughly $16 million over the five-year period.

Shares of Gtech, a provider of gaming technology based in West Greenwich, R.I., were down 76 cents to $28.64.