IGT Launches its Second Omnichannel Wide Area Progressive Game in Canada, Money Mania Slots

Rhea-AI Summary

IGT has launched Money Mania slots, its second omnichannel Wide Area Progressive (WAP) game in Canada, following the success of Powerbucks™. The game is available on BCLC's PlayNow.com and at 22 BCLC-governed casinos in British Columbia. IGT is the only supplier offering omnichannel jackpot games with shared jackpot liquidity across land-based, online, and mobile platforms.

Money Mania features a $100,000 top-level 'Money Jackpot' and a fast-growing second-level 'Mania Jackpot' with a $4,000 reset value. The game is designed to deliver frequent mid-to-large-size jackpots and drive cross-channel gameplay. Since the 2016 launch of Powerbucks, IGT's first omnichannel jackpot game, it has created over 50 millionaires across Canada.

Positive

• Launch of Money Mania slots, IGT's second omnichannel WAP game in Canada
• Game available on BCLC's PlayNow.com and 22 BCLC-governed casinos
• $100,000 top-level 'Money Jackpot' and fast-growing 'Mania Jackpot' with $4,000 reset value
• Designed for frequent mid-to-large-size jackpots and cross-channel gameplay
• Powerbucks has created over 50 millionaires across Canada since 2016

Negative

• None.

Insights

Gaming Industry Analyst

IGT's launch of Money Mania slots in Canada marks a significant advancement in omnichannel gaming technology. This second Wide Area Progressive (WAP) game builds upon the success of Powerbucks, further solidifying IGT's position as an industry leader in cross-platform innovation.

The game's availability on both BCLC's online platform and in 22 physical casinos demonstrates the growing trend towards seamless integration of digital and traditional gaming experiences. The $100,000 top-level jackpot and the fast-hitting second-level jackpot with a $4,000 reset value are designed to maintain high player engagement and frequent payouts.

From an investor perspective, this launch strengthens IGT's market position in Canada and showcases its ability to innovate in a rapidly evolving industry. The potential for increased player retention and cross-channel revenue growth makes this a positive development for IGT's long-term prospects in the Canadian market.

Financial Analyst

While specific financial figures aren't provided, the launch of Money Mania slots represents a strategic move for IGT to diversify and expand its revenue streams in the Canadian market. The success of Powerbucks, which has created over 50 millionaires, suggests a strong potential for this new offering.

The omnichannel approach is particularly noteworthy, as it allows IGT to capitalize on both land-based and online gaming markets simultaneously. This strategy could lead to increased market share and potentially higher revenue per user, as players can engage with the game across multiple platforms.

Investors should monitor the game's performance in the coming quarters to assess its impact on IGT's Canadian operations and overall financial health. If successful, this model could be replicated in other markets, potentially driving growth and strengthening IGT's competitive position globally.

IGT builds on success of Powerbucks™ with new omnichannel wide area progressive game for Canada, further differentiates Company as omnichannel innovation leader

LONDON, Sept. 4, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently launched its second omnichannel Wide Area Progressive ("WAP") game for Canada, Money Mania slots. The game is currently available on British Columbia Lottery Corporation's ("BCLC") PlayNow.com site and at 22 BCLC-governed casinos throughout British Columbia. IGT is the only supplier in the world to offer omnichannel jackpot games with shared jackpot liquidity across the land-based, online and mobile versions of the games.

"We know our players love the excitement that the Powerbucks games offer, so BCLC is thrilled to launch IGT's Money Mania - another title that draws upon the same opportunity for cross-channel jackpots," said Dan Beebe, BCLC Chief Operating Officer. "Both BCLC and IGT are passionate about bringing innovative games to players and fueling responsible growth in the industry. We also recognize that BCLC is in a unique position with our ability to offer cross-channel experiences for players. Whether players choose to play Money Mania at the casino or online, we're confident this is another game they'll love."

IGT's Money Mania is a proven multi-level progressive ("MLP") game that features player-favorite game mechanics and multiple base-game themes. The game includes a $100,000 top-level "Money Jackpot" and a fast-growing, fast-hitting second-level WAP jackpot - "Mania Jackpot". With a jackpot-reset value of $4,000, the game's "Mania Jackpot" is designed to hit frequently, especially with land-based, online and mobile gameplay all simultaneously feeding the jackpot meter.

"IGT's Money Mania omnichannel WAP game is designed to frequently deliver mid-to-large-size jackpots, drive cross-channel gameplay and engage BCLC players online and in casinos," said David Flinn, IGT SVP Sales, Canada, South and Central America. "Like Powerbucks, IGT's Money Mania is at the forefront of jackpot innovation and supports IGT's commitment to and leadership in omnichannel content and innovation."

BCLC was the first gaming operator in the world to offer an omnichannel jackpot game when it partnered with IGT for the 2016 launch of Powerbucks slots. Since then, IGT's Powerbucks has remained one of the top-performing games in Canada and has minted more than 50 millionaires across the country.

For more information, visit IGT.com or go to Facebook, follow us on X, 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 jurisdictions 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.

About British Columbia Lottery Corporation
BCLC is a social purpose company based in British Columbia, Canada that is committed to delivering win-wins for the greater good while providing lottery, casino and sports gambling entertainment in a way that serves the best interests of its players, the province and society. Last year, BCLC generated more than $1.6 billion in net income to benefit provincial and community programs, including healthcare, education and charities across British Columbia, Canada.

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, products and services, customer relationships, 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, 2023 and other documents led 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

BCLC Media Relations
mediarelations@bclc.com 
604.225.6460

© 2024 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 IGT's new omnichannel Wide Area Progressive game in Canada?

IGT's new omnichannel Wide Area Progressive game in Canada is Money Mania slots, which was recently launched and is available on BCLC's PlayNow.com and at 22 BCLC-governed casinos in British Columbia.

What are the jackpot features of IGT's Money Mania slots (IGT)?

IGT's Money Mania slots (IGT) features a $100,000 top-level 'Money Jackpot' and a fast-growing second-level 'Mania Jackpot' with a $4,000 reset value, designed to hit frequently across land-based, online, and mobile gameplay.

How many millionaires has IGT's Powerbucks created in Canada since its launch in 2016?

IGT's Powerbucks has created over 50 millionaires across Canada since its launch as the world's first omnichannel jackpot game in 2016.

Where is IGT's Money Mania slots game available in Canada?

IGT's Money Mania slots game is currently available on British Columbia Lottery 's (BCLC) PlayNow.com site and at 22 BCLC-governed casinos throughout British Columbia.