IGT Builds Upon Industry Leadership with New York Lottery Contract Extension

Rhea-AI Summary

International Game Technology PLC (IGT) has announced a two-year contract extension with the New York Lottery, extending their collaboration until August 6, 2022. This extension includes the provision of 400 new GameTouch™ self-service vending machines and ongoing services such as terminal installation and maintenance. IGT aims to support the Lottery in maximizing its contributions to education, which exceed $68 billion. This partnership reinforces IGT's position in the global gaming industry as a leading technology provider for lotteries.

Positive

• Contract extension with New York Lottery until August 6, 2022.
• Provision of 400 new GameTouch™ self-service vending machines.
• Continued support for the Lottery's record-breaking sales and contributions to education exceeding $68 billion.

Negative

• None.

LONDON, Aug. 17, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), signed a two-year contract extension with the New York Lottery, extending its current contract to August 6, 2022. As part of the extension, IGT will deliver 400 new GameTouch™ self-service vending machines to the Lottery and continue providing the Lottery with an advanced central system, terminals, and ongoing services.

"As the leader in the global gaming industry, IGT delivers excellence by focusing our innovations in content, hardware and platform technology that enable customers such as the New York Lottery to continue its ranking as one of the largest and most successful lotteries in the world," said Jay Gendron, IGT Chief Operating Officer, Lottery. "IGT is pleased to extend our long-term partnership with the Lottery and we will do our part to ensure that it continues to set record-breaking sales and maximize its more than $68 billion contribution to education in New York."

In addition to the most advanced lottery technology and solutions, IGT also provides the New York Lottery with services that include the installation and maintenance of the lottery terminals, retailer training, field services, call center support, and instant ticket warehousing and distribution.

For more information, visit IGT.com or go to Facebook at facebook.com/IGT, follow us on Twitter at twitter.com/IGTnews or watch IGT videos on YouTube at youtube.com/igt. 

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. 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 approximately 12,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This presentation 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 uncertainty of the duration, extent and effects of the COVID-19 pandemic and the response of governments, including government-mandated property closures and travel restrictions, and other third parties on the Company's business, results of operations, cash flows, liquidity and development prospects and the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2019 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 All forward-looking statements contained in this presentation 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 their entirety by this cautionary statement.

Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

© 2020 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

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SOURCE International Game Technology PLC

FAQ

What is the significance of IGT's contract extension with the New York Lottery?

The contract extension is significant as it ensures IGT's continued partnership with the New York Lottery, enhancing their technology and services, and supporting the Lottery's substantial contributions to education.

How many new vending machines will IGT provide to the New York Lottery?

IGT will deliver 400 new GameTouch™ self-service vending machines as part of the contract extension with the New York Lottery.

When does the contract extension between IGT and New York Lottery end?

The contract extension between IGT and the New York Lottery will end on August 6, 2022.

What are the financial implications of IGT's partnership with the New York Lottery?

IGT's partnership aims to help the New York Lottery maximize its contributions to education, which have surpassed $68 billion, potentially leading to increased sales and market presence.

What services will IGT continue to provide to the New York Lottery?

IGT will provide advanced lottery technology, terminal installation and maintenance, retailer training, field services, and call center support as part of their ongoing partnership.