Turner also said the company would be taking a one-time charge in the fourth quarter but didn't give specifics. He did say he expected the charge would be offset by the sale of assets. One asset could be the company's share in Turfway Park, but nothing is definite, according to Robert Vincent, Gtech's vice president of corporate communications.
"We are looking at the fourth quarter or soon after," Vincent said. He added that partners Keeneland Association and Harrah's have a first right of refusal for Gtech's share, which is owned by a subsidiary called Dreamport."We're still talking to our partners," Vincent said. Gtech's fourth quarter ends Feb. 28.Gtech operates about 70% of the world's lotteries. In August it announced it was restructuring and would layoff 4% of its workers. The company's stock (NYSE:GTK) closed 0.3% higher at $19.19 on Thursday.