IGT PlaySports Expands Sports Betting Leadership with Addition of In-House Oddsmaking for U.S. Customers

Rhea-AI Summary

International Game Technology (IGT) has expanded its PlaySports offering in the U.S. sports betting market by establishing an in-house Trading Team in Las Vegas. This team enhances the B2B sports betting solution, providing expert oddsmaking and localized pricing for pre-game and in-play bets. IGT PlaySports, already the most widely deployed solution in 14 states, aims to deliver a comprehensive service to both small and large operators, backed by IGT's trusted technology and market leadership.

Positive

• Formation of IGT's in-house Trading Team in Las Vegas to enhance PlaySports offering.
• Provides round-the-clock oddsmaking and localized pricing, improving service for clients.
• Positioned as the leading sports betting solution across 14 U.S. states.

Negative

• None.

LONDON, Aug. 26, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has expanded its PlaySports offering for the U.S. sports betting market with the formation of its own full-service Trading Team based in Las Vegas, Nev. The diverse and talented team adds another dimension of service to the most widely deployed B2B sports betting solution in the U.S. market and further cements IGT's market leadership.

"IGT's in-house, U.S.-based Trading Team enhances the appeal of the entire PlaySports offering and enables us to deliver an 'all-in-one' solution for operators seeking a single sports betting service provider," said Enrico Drago, IGT PlayDigital Senior Vice President. "IGT PlaySports' pure B2B focus, the Trading Team's in-depth knowledge of regional and local betting preferences and trends, and the Company's favorable regulatory standings in tribal and state-governed jurisdictions across the U.S. continue to create opportunities for our customers and drive our nationwide sports betting leadership."

IGT's Trading Team will provide around-the-clock expert oddsmaking with localized pricing for pre-game and in-play bets, continual offer monitoring and optimization, and on-call expertise in every aspect of day-to-day sportsbook operations. IGT's PlaySports customers will also benefit from compelling and original promotional bets, exclusive parlay and combination wagering and player retention and acquisition strategies designed by the Team's content managers.

"The flexibility and reliability of the IGT PlaySports platform has long been one of its greatest attributes, and adding services such as those provided by our Trading Team completes the solution. Now, retail and online sportsbooks, from the smallest to the largest, in any sports betting-legal state in the U.S., can confidently take advantage of a fully integrated, truly world-class trading service that is built on the leading betting technology and backed by IGT, the most trusted name in gaming," added Drago.

With deployments in 14 U.S. states and at 40 gaming outlets across the country, IGT PlaySports is the leading sports betting solution for the U.S. market. IGT PlaySports is powering sportsbooks run by casinos, lotteries and racetracks in venues and via mobile apps spanning Nevada, Illinois, Colorado, Michigan, New Jersey, New York, Pennsylvania, Arkansas, Oregon, Indiana, Iowa, West Virginia, Mississippi and Rhode Island.

To learn why winners choose IGT PlaySports, visit IGT.com.

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 12,000 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 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
Michelle Schenk, Global Communications, +1 (702) 669-8177

© 2020 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 the significance of IGT's new Trading Team in sports betting?

IGT's new Trading Team enhances its PlaySports offering, providing expert oddsmaking and localized pricing, thereby strengthening its market leadership in sports betting.

How many states does IGT PlaySports operate in?

IGT PlaySports operates in 14 U.S. states and is deployed at 40 gaming outlets nationwide.

What services does IGT's Trading Team provide to its customers?

IGT's Trading Team offers expert oddsmaking, localized pricing, promotional bets, and strategies for player retention and acquisition.