STOCK TITAN

IGT Secures 10-Year Contract Extension to Deploy High-Performing Aurora Central Lottery System in Malaysia

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
IGT signs 10-year contract extension with Pan Malaysian Pools
Positive
  • IGT will upgrade PMP's existing system technology to its central lottery system, Aurora™
  • Aurora will seamlessly integrate with PMP's proprietary dmcGO iLottery platform
  • IGT's sophisticated system and features will provide valuable insights to help grow PMP's business
Negative
  • None.

LONDON, Oct. 11, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiaries, IGT Global Services Limited and IGT Global Solutions Corporation, have signed a 10-year contract extension with Pan Malaysian Pools SDN BHD ("PMP").

As part of this contract extension, IGT will upgrade PMP's existing system technology to IGT's powerful central lottery system, Aurora™, and related system components designed to help manage and responsibly grow PMP's business. As part of IGT's player-centric, omnichannel solution, OMNIA™, Aurora will also seamlessly integrate with PMP's proprietary dmcGO iLottery platform.

"Over the last 12 years, IGT has demonstrated its forward-looking lottery expertise by helping PMP introduce innovative and responsible, growth-driving lottery solutions into the market," said Tan Kong Han, PMP Managing Director. "IGT's sophisticated Aurora central system and advanced features, as well as its integration with our dmcGO platform, will help PMP provide our players with engaging and convenient lottery experiences over the next decade."

"This contract extension marks an exciting new chapter for PMP and IGT, as we continue working together to modernize lottery offerings throughout Malaysia," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "Our world-class Aurora system and special features will provide valuable insights to PMP, helping grow their business and maximize funds for The Community Chest, a charitable trust funded by PMP that focuses on providing financial assistance to educational institutions in Malaysia."

As the global lottery market leader, IGT is the primary technology provider to 25 lotteries in the U.S., eight of the world's largest 10 lotteries and 16 of the world's top 25 lotteries. For more information, visit IGT.com and follow us on Facebook and LinkedIn.

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.

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, Italian media inquiries, +39 06 5189 9184
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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/igt-secures-10-year-contract-extension-to-deploy-high-performing-aurora-central-lottery-system-in-malaysia-301953729.html

SOURCE International Game Technology PLC

FAQ

What is the contract extension between IGT and Pan Malaysian Pools about?

The contract extension involves upgrading PMP's system technology to IGT's central lottery system, Aurora™.

How long is the contract extension for?

The contract extension is for 10 years.

What benefits will PMP gain from the contract extension?

PMP will have access to IGT's sophisticated system and features, which will provide valuable insights to help grow their business.

What is the purpose of the dmcGO platform?

The dmcGO platform is PMP's proprietary iLottery platform that will seamlessly integrate with IGT's Aurora system.

How many lotteries does IGT provide technology to?

IGT is the primary technology provider to 25 lotteries in the U.S., eight of the world's largest 10 lotteries, and 16 of the world's top 25 lotteries.

International Game Technology PLC

NYSE:IGT

IGT Rankings

IGT Latest News

IGT Stock Data

3.90B
202.00M
43.9%
48.75%
0.9%
Gambling
Consumer Cyclical
Link
United States of America
London