IGT Debuts Cobalt 27 VLTs in Canada via Manitoba Liquor and Lotteries Corporation Agreement

Rhea-AI Summary

IGT delivers 960 Cobalt VLTs to Manitoba Liquor and Lotteries Corporation

On June 7, 2022, IGT announced the installation of 960 Cobalt™ 27 video lottery terminals (VLTs) in Canada, marking its debut in the region. The Cobalt VLTs are designed with two 27-inch screens and ergonomic features for player comfort. They will include popular games such as Temple of Fire Cash Eruption and new themes like The Wild Life Extreme. This partnership aims to modernize VLT gaming in Manitoba, enhancing player engagement and operational capabilities.

Positive

• Installation of 960 Cobalt VLTs signifies a strong entry into the Canadian market.
• Cobalt VLTs include popular content tailored for local preferences, enhancing player engagement.
• The VLTs feature advanced ergonomics and technology, improving player experience.
• Partnership with MBLL indicates trust and potential for future collaborations.

Negative

• None.

Company will install 960 high-performing Cobalt machines with player-favorite content

LONDON, June 7, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will deliver 960 Cobalt™ 27 video lottery terminals (VLTs) to Manitoba Liquor and Lotteries Corporation ("MBLL"). This marks the first installment of IGT's high-performing Cobalt VLT in Canada.

"IGT's Cobalt VLT has gained positive momentum across the U.S., Latin America and Europe, and we are very excited to build on that success in Manitoba," said David Flinn, IGT SVP, Canada, South and Central America. "The Cobalt VLTs will feature market-attuned content, including the highly successful commercial game Temple of Fire Cash Eruption that has been specially adapted for VLT operators. These solutions allow MBLL to modernize its VLT gaming with best-in-class hardware and entertain players with engaging themes."

Debuting in Canada, IGT's Cobalt 27 VLT is expertly designed to fit operators' distinct needs. IGT's Cobalt 27 features two high-definition 27-inch screens, an optional 24-inch topper, integrated cabinet lighting and a static five-button player panel. It also has advanced ergonomics and a built-in USB charging port for ultimate comfort and convenience.

The new VLTs in Manitoba will feature top-performing IGT content such as Temple of Fire™ Cash Eruption^®, Big City 5's™, Five Times Pay™, Power Keno™ and Double Double Bonus Poker™. VLT players in Manitoba will also have the chance to experience a new IGT brand-extension theme, The Wild Life Extreme™, that expands on the wildly popular original IGT game, The Wild Life™.

For more information, visit IGT.com, follow us on Facebook, LinkedIn, and Twitter, or watch IGT videos on YouTube.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines 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 10,500 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, 2021 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 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 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, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190

© 2022 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 VLT installation in Manitoba?

IGT's installation of 960 Cobalt VLTs in Manitoba marks the company's first entry into the Canadian market, aimed at modernizing VLT gaming and enhancing player experiences.

What types of games will the new IGT VLTs feature?

The new Cobalt VLTs will feature popular titles like Temple of Fire Cash Eruption and new themes such as The Wild Life Extreme.

When was the announcement made about IGT's VLT installation?

The announcement was made on June 7, 2022.

How many Cobalt VLTs is IGT installing in Canada?

IGT is installing 960 Cobalt VLTs in Canada.

What benefits do the Cobalt VLTs offer to players?

The Cobalt VLTs offer advanced ergonomics, dual high-definition screens, integrated lighting, and built-in USB charging ports, enhancing player comfort and engagement.