IGT Grows Cashless Gaming Leadership via Resort Wallet and IGTPay Agreement with Graton Resort & Casino

Rhea-AI Summary

International Game Technology PLC (IGT) has entered a multi-year agreement with Graton Resort & Casino in Rohnert Park, California, to implement cashless gaming solutions through its Resort Wallet and IGTPay technologies. This integration enables guests to easily fund their play at over 3,000 slot machines, enhancing convenience and security. IGT's solutions were recognized for innovation in the gaming industry, winning multiple awards. Brian Green of Graton emphasized the benefits of these technologies in optimizing revenue and improving guest experience, while Ryan Reddy from IGT highlighted the growing acceptance and satisfaction among players.

Positive

• Implementation of cashless gaming solutions at Graton Resort & Casino expected to enhance guest convenience and security.
• IGT's Resort Wallet and IGTPay technologies have received multiple industry awards, showcasing their innovation.
• The agreement is anticipated to optimize operational efficiencies and increase revenue for Graton Resort & Casino.

Negative

• None.

Luxury Northern California casino to launch cashless slot play via IGT's award-winning technologies

LONDON, March 20, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has signed a multi-year agreement with Graton Resort & Casino in Rohnert Park, Calif. to enable cashless gaming via the award-winning Resort Wallet™ and IGTPay™ solutions. As modules of the IGT ADVANTAGE™ casino management system, Resort Wallet and IGTPay comprise the gaming industry's only fully integrated turnkey cashless solution and will give Graton's guests more choice, convenience and security for funding their play at the property's 3,000+ slot machines.

"As one of Northern California's premier gaming destinations, Graton Resort & Casino prides itself in offering our players leading-edge technologies that bolster the guest experience and introduce added choice and convenience," said Brian Green, Graton Resort & Casino Vice President/Assistant General Manager. "IGT's proven Resort Wallet and IGTPay cashless technologies will enable us to drive new operational efficiencies and optimize revenue, while offering our customers a future-forward mobile e-wallet option that comes with a variety of benefits."

"Cashless commerce is the way of the future across business sectors and we're finding that slot players who adopt IGT's cashless casino technologies are readily embracing it and reporting high satisfaction with the experience," said Ryan Reddy, IGT SVP Global Video Poker, VLT, Systems and Payments. "We look forward to helping Graton Resort & Casino maximize player convenience and security, accelerate growth and differentiate the guest experience through IGT's Resort Wallet and IGTPay cashless gaming technologies."

With Resort Wallet and IGTPay, Graton can offer its Graton Rewards loyalty club members the option to create a Cashless Wagering Account and then fund that account from their mobile device using a range of sources such as personal checking and credit accounts. To apply available funds to a slot game session, a player simply taps the smartphone to the game's card reader and via Bluetooth technology, the player's balance and loyalty rewards instantly populate on the game's service screen via IGT's M5 technology. At the conclusion of a play session, the player can transfer the remaining funds back into a personal account or keep them in their Cashless Wagering Account for future play. Additionally, the IGT technologies will fully integrate with Graton's Marker Trax offering, a widely used digital marker solution.

IGT's Resort Wallet and IGTPay were named "Product Innovation of the Year" in the 2021 Global Gaming Awards Las Vegas and the Company was name "Technology Provider of the Year" in the 2021 International Gaming Awards for its leadership as a systems provider.

For more information, 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 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.

About Graton Resort & Casino
Located in Sonoma County, Graton Resort & Casino has a commanding presence among the rolling hills of Northern California's wine country. Owned and operated by the Federated Indians of Graton Rancheria, Graton Resort & Casino features table games, the latest slot machines, upscale and casual dining, plus entertainment options for visitors and locals alike. For more information, please visit www.gratonresortcasino.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, 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:
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 06 5189 9184; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

© 2023 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