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IGT Signs Three-Year Contract Extension with the New York Lottery
LONDON, July 17, 2017 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation (with International Game Technology PLC, hereinafter "IGT" or "the Company"), has signed a three-year contract extension to provide the New York Lottery with new lottery technology, additional terminals, multimedia enhancements, and ongoing services. The contract extension will commence on August 6, 2017. The New York Lottery has been a valued IGT customer since 1986.
"As the leading provider of cutting-edge lottery solutions, IGT is committed to supporting the growth and innovation of its customers. We are grateful that the New York Lottery has chosen to continue its partnership with IGT, allowing us to assist in their future growth," said Jay Gendron, IGT Senior Vice President, WLA North America Lottery. "With this contract extension, we will work closely with the Lottery to apply industry-wide best practices to increase lottery sales, and provide additional convenience for retailers and players through the addition of new lottery terminals and self-service products."
Under the terms of the extension, the New York Lottery will utilize IGT's Enterprise Series (ES) Anywhere solution to allow expansion of features and games. IGT's Retailer Wizard solution offers a secure website for Lottery retailers to more effectively manage their businesses, interact with the Lottery, and drive results. OnePlace will provide Lottery field sales personnel with more effective tools for sales and inventory management at retail locations. The Lottery will also receive improved reporting functionality with the delivery of IGT's latest version of Business Intelligence, which provides reporting and visualization including executive level dashboards, instant-ticket reporting, and lottery vending machine analytics.
In addition, the Lottery will receive 1,000 full function Altura Flex draw-based lottery terminals, offering a smaller footprint to optimize retail space, while continuing to offer a highly-configurable platform derived from the Altura GT1200. The Lottery will also receive Gemini Touch self-service lottery product vending machines, displaying up to 28 instant games and a full-complement of draw-based games. Moreover, the Company will provide enhancements to its ES MultiMedia player messaging solution, allowing creative content flexibility.
IGT will maintain its primary data center in New York, providing services to the New York Lottery including installation and maintenance of the lottery terminals; retailer training; field services; telemarketing sales and services; call center support; and instant ticket warehousing and distribution.
IGT (NYSE: IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.IGT.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall", "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2016 and other documents filed from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that the financial performance of International Game Technology PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance of International Game Technology PLC, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in its entirety by this cautionary statement.
Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
James Hurley, Investor Relations, (401) 392-7190
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries
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