IGT Extends Contract with California Lottery for Seven Years
- IGT signs contract amendment for a seven-year extension with California Lottery
- Upgrade to cloud-based platform for enhanced flexibility and reliability
- IGT to provide ongoing services to California Lottery
- None.
Second-largest
LONDON , Oct. 12, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a contract amendment for a seven-year extension with the California Lottery, the second-largest lottery in the
As part of the contract amendment, IGT will upgrade the California Lottery's current IGT-provided second-chance platform to the Company's latest cloud-based platform, which is now a part of IGT's OMNIA™ lottery solution. Additional central system-related business applications designed to optimize and manage all aspects of the Lottery's business will also be moved to the cloud. Deploying these platforms to the cloud will offer enhanced flexibility and reliability and allow for accelerated innovation. Within the terms of the contract amendment, IGT also plans to upgrade
"The California Lottery has trusted IGT to provide best-in-class, modern lottery solutions for more than three decades, driving continued increased sales for the Lottery and more than
IGT will also continue providing ongoing services to the California Lottery including support and maintenance of its central system, communications network, and more than 140,000 point-of-sale hardware located in over 23,000 retailer locations. Additionally, IGT provides the Lottery with instant ticket games and services, field services, marketing and research capabilities, and call center support.
As the global lottery market leader, IGT is the primary technology provider to 25 lotteries in the
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 jurisdictions 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.
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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, 2022 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:
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SOURCE International Game Technology PLC
FAQ
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