PRESS RELEASE
APPEAL AGAINST ARBITRATION AWARD RELATIVE TO LOTTO CONCESSION TIME LIMITS REJECTED
Rome (ITALY), March 6, 2012 - Lottomatica Group S.p.A reports that the Rome Court of Appeal has rejected the appeal presented by the Amministrazione Autonoma dei Monopoli di Stato (AAMS) against the arbitration award of August 1, 2005 that ascertained the initial starting date for the Lotto Concession was June 8, 1998.
The same Court of Appeal, likewise, declared the petition ad adiuvandum presented by Stanley
International Betting Limited in favor of the AAMS inadmissible.
In January 2005, Lottomatica Group, availing itself of the arbitration clause provided for in Art. 30 of the Lotto Concession, filed a request for arbitration asking that the Board of Arbitrators ascertain and declare that the starting date of the Concession was June 8, 1998 and that, consequently, the final expiration date of the Lotto Concession was June 8, 2016 .
The Board of Arbitrators unanimously accepted Lottomatica Group's request by giving the award on August 1, 2005.
Related press releases: 4 August 2005; 16 December 2005.
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Lottomatica Group is a market leader in the Italian gaming
industry and one of the largest Lottery operators in the
world based on total wagers and, through its subsidiaries
including GTECH Corporation, is a leading provider of lottery
and gaming technology solutions worldwide. Together, the
companies are the only vertically integrated full service
lottery group. Lottomatica Group is majority owned by De
Agostini, which belongs to a century-old publishing and media
services group. Lottomatica is listed on the Stock Exchange
of Milan under the trading symbol "LTO". In 2011, Lottomatica
Group had approximately €3.0 billion in revenues, based upon
preliminary results, and approximately
8,000 employees in over 60 countries.
For further information:
Robert K. Vincent Simone Cantagallo Lottomatica Group S.p.A.
Lottomatica Group S.p.A. Corporate Communications Media
Communications
T. (+1) 401 392 7452 T. (+39) 06 51899030
This press release and earlier ones are available on
Lottomatica Group and GTECH websites:
www.lottomaticagroup.com- www.gtech.com