NB 1722
Dec. 19, 2005
MONCTON (CNB) - The Government of New Brunswick is providing gaming-design company Spielo with a forgivable loan to allow it to hire 150 new employees.
Premier Bernard Lord made the announcement, accompanied by John Betts, member of the legislative assembly for Moncton Crescent; Spielo chief operating officer and vice-president Victor Duarte; and Moncton Mayor Lorne Mitton.
"The government is committed to supporting New Brunswick's knowledge industry and, in particular, supporting companies committed to R&D and innovation," Lord said. "With this expansion, Spielo can hire new software developers, engineers, graphic designers and mathematicians. It is becoming known as a centre where exciting new products are conceived and developed, which is the kind of growth we want to see in New Brunswick."
"We are pleased to have such a rewarding relationship with the Province of New Brunswick," Duarte said. "We are experiencing great success worldwide, and our resources are a large part of these achievements. We are looking forward to expanding our Spielo team, as we know we can find the expertise, knowledge and experience here in New Brunswick."
The provincial government is providing Spielo with a $1.5-million forgivable loan for the creation and maintenance of up to 150 new full-time positions over the next three years.
With this latest expansion, Spielo will employ almost 500 people in Moncton.
Spielo is a leading global supplier to the gaming industry, offering design, research and development, manufacturing and support for a host of gaming products. It operates as a wholly owned subsidiary of GTECH, and its operations are based in Moncton.
GTECH is a leading gaming technology and services company. With more than $1.25 billion in annual revenues and 5,300 employees in more than 50 countries, it provides integrated technology, creative content and business services for the gaming markets.
GTECH's headquarters are located in West Greenwich, R.I.
05/12/19
MEDIA CONTACT: Sarah Ketcheson, communications, Business New Brunswick, 506-444-4983; Carol Holmes, director of marketing and communications, Spielo, 506-852-7512.
05/12/19