IGT PlaySports Expands Market Opportunities in Puerto Rico as WinIn's Sports Betting Technology and Services Provider

Rhea-AI Summary

International Game Technology announced a multi-year agreement with The Stadium LLC to expand sports betting opportunities in Puerto Rico. IGT's PlaySports technology will power all future online and retail sportsbooks operated by WinIn, The Stadium's subsidiary. The partnership aims to deliver a seamless omnichannel betting experience as Puerto Rico's market develops. IGT's President of Sports Betting highlighted the potential for growth in North America, emphasizing their capability to establish competitive sportsbooks in new jurisdictions.

Positive

• IGT expands its market presence in Puerto Rico through a strategic partnership.
• The multi-year agreement enhances IGT's PlaySports technology utilization in a newly regulated market.
• IGT's established expertise in sports betting positions it well for growth in North America.

Negative

• None.

LONDON, Nov. 1, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has expanded its sports betting market opportunities in Puerto Rico via a multi-year PlaySports technology and services agreement with The Stadium LLC.  The Stadium LLC owns and operates WinIn, a Puerto-Rico based entertainment company that has partnerships with leading eSports companies and the top baseball league in the region, Liga de Béisbol Profesional Roberto Clemente, that plans to expand into the recently regulated sports betting market in Puerto Rico.

Under the terms of the agreement, IGT PlaySports technology and trading advisory services will power all of WinIn's future online and retail sportsbooks in Puerto Rico.

"As the sports betting market in Puerto Rico takes shape, WinIn is well-positioned to deliver world-class online and retail sports betting thanks to our technology and services partnership with IGT," said Grace Santana, WinIn Chief Operating Officer. "IGT's PlaySports platform continues to prove its capacity to scale with new market opportunities and give players a seamless omnichannel experience that they can trust."

"IGT PlaySports is highly experienced at helping operators such as WinIn successfully establish competitive sportsbooks in newly regulated jurisdictions," said Joe Asher, IGT President of Sport Betting. "The prospect of adding Puerto Rico as a territory with PlaySports-powered sportsbooks is another exciting step in our effort to further expand our footprint across North America."

For more information about IGT PlaySports, visit igt.com/PlaySports or visit us on LinkedIn.

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.

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

© 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 recent partnership has IGT entered in Puerto Rico?

IGT has announced a multi-year agreement with The Stadium LLC to provide PlaySports technology for sports betting in Puerto Rico.

What technology will power WinIn's sportsbooks in Puerto Rico?

IGT's PlaySports technology will power all future online and retail sportsbooks operated by WinIn in Puerto Rico.

How does IGT plan to expand in North America?

IGT aims to leverage its PlaySports platform to establish competitive sportsbooks in newly regulated jurisdictions like Puerto Rico.

What is the significance of IGT's agreement with The Stadium LLC?

This agreement marks IGT's expansion into the Puerto Rican sports betting market, enhancing its presence and potential for growth.

What kind of experience does IGT promise with its partnership in Puerto Rico?

IGT promises to deliver a seamless omnichannel experience for sports betting as the market develops.