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IGT Drives Evolution of Lottery in Mexico through Extension of Full-Service Contract with LOTENAL

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On February 16, 2021, International Game Technology PLC (IGT) announced the extension of its agreement with Mexico's national lottery, LOTENAL, until March 2, 2022. This contract continues IGT's provision of an integrated draw-based and instant ticket system, lottery terminals, and ongoing services across 8,200 terminals nationwide. IGT's Chief Operating Officer, Jay Gendron, emphasized the company's long-standing relationship with LOTENAL, which has lasted over 30 years, and its commitment to supporting social programs in Mexico.

Positive
  • Contract extension with LOTENAL enhances IGT's sustained revenue stream through March 2022.
  • Continued provision of services includes maintenance and support for over 8,200 lottery terminals nationwide.
Negative
  • None.

LONDON, Feb. 16, 2021 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE: IGT) announced that its subsidiary, IGT México Lottery, S. de R.L. de C.V. ("IGT"), has extended its agreement with La Lotería Nacional para la Asistencia Pública ("LOTENAL"), Mexico's national lottery, to continue providing an integrated draw-based/instant ticket system, draw-based lottery terminals, a communications network, and additional lottery products and ongoing services. The agreement, effective Dec. 20, 2020, extends IGT's contract with the lottery to March 2, 2022.

"For the Lotería Nacional, the extension of the contract with IGT contributes to the certainty and security that we offer to our clients in a year of great challenges for all of us, which has also been a year of transition and internal transformation," said Mario Caballero Luna, LOTENAL Chief of Advisors.

"For more than three decades, IGT has provided our Lottery customer in Mexico with the expertise, technology, and services it has needed to generate results, which ultimately benefit social and health programs," said Jay Gendron, IGT Chief Operating Officer, Lottery. "As LOTENAL navigates this transformational period, IGT's innovative, reliable, and proven technology will continue to be a key driver of its evolution."

IGT's ongoing services to LOTENAL include lottery game transactions and instant ticket distribution across 8,200 terminals nationwide. It also includes continuous development of new B2B retail channels; installation, repair, maintenance and monitoring of its total base of lottery terminals; retailer training; field service; call center operations and hotline management; a fixed-odds sports betting retail network; and marketing support to further enhance LOTENAL's overall product and game portfolio.

In 2019, LOTENAL merged with Mexico's Pronósticos para la Asistencia Pública lottery, and the combined new organization retained the LOTENAL name.

For more information, visit igt.com. Follow IGT on Facebook at facebook.com/IGT, 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 11,000 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, 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 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, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
Rhonda Whittaker, Global Communications, +1 (506) 878-6471

© 2021 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 did IGT announce on February 16, 2021?

IGT announced the extension of its contract with Mexico's national lottery, LOTENAL, to provide lottery products and services until March 2, 2022.

How long has IGT worked with LOTENAL?

IGT has provided services to LOTENAL for more than 30 years.

What services does IGT provide to LOTENAL?

IGT provides an integrated draw-based and instant ticket system, lottery terminals, and ongoing support services.

What is the impact of the contract extension on IGT's business?

The extension solidifies IGT's revenue stream and ongoing partnership with LOTENAL through March 2022.

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