Bruce Rowe Joins GTECH as Corporate Vice President of Business Strategy and GM of Nevada Operations
April 27 2005 - 10:00AM
PR Newswire (US)
Bruce Rowe Joins GTECH as Corporate Vice President of Business
Strategy and GM of Nevada Operations WEST GREENWICH, R.I., April 27
/PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK)
today announced the appointment of Bruce Rowe as Corporate Vice
President of Business Strategy, Gaming Solutions, and General
Manager of Nevada Operations. In this role, he will help develop
and oversee the long-term strategic direction of GTECH's Gaming
Solutions division, and will lead GTECH's global
market-requirements process, content development, brand licensing,
and product positioning for the government-sponsored and commercial
gaming industry. In addition, he will head up GTECH's Nevada
operations to strengthen the Company's presence and develop
business opportunities in the region. Prior to joining GTECH, Mr.
Rowe was a senior executive with Harrah's Entertainment, Inc., for
23 years. While at Harrah's, he was the Corporate Vice President of
Slot Operations, Research and Development as well as Corporate Vice
President of Information Technology. At that time, Harrah's
Entertainment owned, or managed, more than 42,000 slots in the
Harrah's, Rio, Harveys, and Showboat brands at 25 locations. "Bruce
knows what makes a successful and profitable gaming and
entertainment provider," said GTECH Senior Vice President of Gaming
Solutions Marc Crisafulli. "During his tenure with Harrah's, Bruce
directly participated in the openings of 16 domestic and
international casino openings. Bruce understands the market, the
needs of the players, and the requirements of gaming operators. His
years of experience in slots and Information Technology give him an
unparalleled view of games, systems, and casino operations." After
his tenure with Harrah's, Mr. Rowe founded and was President of
Renaissance Casino Solutions, Inc., a consulting company located in
Las Vegas that provided services to casino operators, slot
manufacturers, system providers, and the financial community. Mr.
Rowe holds a bachelor's degree in Technical Theater from American
University in Washington, D.C., and is a member of the
International Gaming Advisory Board. He is Vice President of
Membership Development for the Gaming Standards Association, a
frequent facilitator and panelist at industry events, and a regular
contributor to industry publications. Certain statements contained
in this press release are forward looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. The Company identifies
forward looking statements by words such as "may," "will,"
"should," "could," "expect," "plan," "anticipate," "intend,"
"believe," "estimate," "continue," or similar words that refer to
the future. Such statements include, without limitation, statements
relating to the prospects and financial outlook for the Company,
which reflect management assumptions regarding: (i) the future
prospects for and stability of the lottery industry and other
businesses in which the Company is engaged or expects to be
engaged, (ii) the future operating and financial performance of the
Company (including, without limitation, expected future growth in
revenues, profit margins and earnings per share), and (iii) the
ability of the Company to retain existing business and to obtain
and retain new business. Such forward looking statements reflect
management's assessment based on information currently available,
but are not guarantees and are subject to risks and uncertainties
that could cause actual results to differ materially from those
contemplated in the forward looking statements. These risks and
uncertainties include, but are not limited to, those set forth
above, in the Company's subsequent press releases and on reports by
the Company on Forms 10-K, 10-Q and 8-K, and other reports and
filings with the Securities and Exchange Commission, as well as
risks and uncertainties respecting: (i) the potential impact of
extensive and evolving government regulations upon the Company's
business; (ii) the ability of the Company to continue to retain and
extend its existing contracts and win new contracts; (iii) the
possibility of slower than expected growth or declines in sales of
lottery and gaming goods and services by the Company or the
Company's customers; (iv) exposure to foreign currency
fluctuations; (v) risks and uncertainties inherent in doing
business in foreign jurisdictions; (vi) the relatively large
percentage of the Company's revenues attributable to a relatively
small number of the Company's customers; (vii) the possibility of
significant fluctuation of quarterly operating results; (viii) the
intensity of competition in the lottery and gaming industries; (ix)
the possibility of substantial penalties under and/or termination
of the Company's contracts; (x) the ability of the Company to
respond to technological change and to satisfy the future
technological demands of its customers; (xi) opposition to
expansion of lottery and gaming; (xii) the Company's ability to
attract and retain key employees; and (xiii) the possibility of
adverse determinations in pending legal proceedings. GTECH, a
leading global information technology company with over $1 billion
in revenues and 5,300 people in over 50 countries, provides
software, networks, and professional services that power
high-performance, transaction processing solutions. The Company's
core market is the lottery industry, with a growing presence in
commercial gaming technology and financial services transaction
processing. For more information about the Company, please visit
GTECH's website at http://www.gtech.com/. Contact: Robert K.
Vincent Public Affairs GTECH Corporation 401-392-7452 DATASOURCE:
GTECH Holdings Corporation CONTACT: Robert K. Vincent, Public
Affairs of GTECH Corporation, +1-401-392-7452 Web site:
http://www.gtech.com/
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