ITVM

AcronymDefinition
ITVMInstant Ticket Vending Machine (lottery industry)
References in periodicals archive ?
Since the ITVM bid was submitted in Massachusetts, GTECH has renamed its line of self-service terminals.
Frederick Sandvick, the chairman and chief executive officer of On-Point, commented, "We are extremely pleased that La Francaise des Jeux's initial deployment of On-Point's ITVMs has been so successful.
Frederick Sandvick, the chairman and chief executive officer of On-Point, commented, "We are extremely pleased that La Francaise des Jeux selected On-Point's ITVMs over all the other competitive ITVM manufacturers.
The Hoosier Lottery in Indiana signed a two-year lease agreement with GTECH for approximately 700 ITVMs.
Frederick Sandvick, chairman and chief executive officer of On-Point, commented, "We are extremely pleased to enter into an exclusive contract to supply ITVMs to yet another prestigious international lottery organization.
Self-service technology plays a vital role in today's lottery market, and these ITVMs will support the Missouri Lottery's instant ticket sales growth," said W.
As a subcontractor to the Lottery's instant ticket vendor, GTECH is also responsible for the warehousing and distribution of instant tickets in addition to supplying ITVMs.
GTECH will also install and maintain 800 ITVMs, and a state-of-the-art, IP wireless communications network, providing the most secure and reliable data connection between the host computer and lottery retailers.
On-Point") (Nasdaq/NMS:ONPT) today announced the award of a new contract with the State Lottery Department of the Commonwealth of Virginia ("the Virginia Lottery") for the supply of instant ticket vending machines ("0ITVMs") and maintenance services for all of the Virginia Lottery's ITVMs statewide.
Over the next 90 days, the Lottery has agreed to order 200 additional ITVMs or 100 additional GamePoints, or some mix of the two equipment types.
Replacing a portion of the approximately 1,000 machines already in operation, the new ITVMs are expected to be installed and operational by the end of February 2006.
The Hoosier Lottery in Indiana also selected GTECH to negotiate a contract for 680 ITVMs.