IGT Secures Extension to Continue Delivering High-Performing Instant Tickets to the Minnesota Lottery

Rhea-AI Summary

International Game Technology PLC (NYSE: IGT) has announced a two-year contract extension with the Minnesota Lottery, allowing IGT to provide instant ticket games and related services through June 30, 2022. IGT has partnered with the Minnesota Lottery since 2010, successfully launching popular instant games such as 'Full of $500s' and 'Power $10'. The contract includes comprehensive instant ticket services, such as research, graphics support, and ticket production. This collaboration aims to enhance player engagement and support state services funded by lottery revenues.

Positive

• Contract extension with Minnesota Lottery for two years.
• Continued supply of successful instant ticket games.
• IGT's games have been top-selling for the Lottery.

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• None.

LONDON, Sept. 28, 2020 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), signed a two-year contract extension with the Minnesota Lottery to continue providing high-performing instant ticket games and related services through June 30, 2022.

IGT has worked directly with the Minnesota Lottery to launch extremely successful instant games since 2010. Earlier this year, the Lottery launched IGT's Full of $500s at the $5 price point and Power $10 at the $10 price point. These games are currently the Lottery's best-selling $5 and $10 games, respectively.

"Every time someone plays a Minnesota Lottery game, it generates funding to support Minnesota's environment and state services so it is imperative that we deliver the fun games and play styles that our players are looking for," said Wes Harms, Minnesota Lottery Director of Operations. "IGT's Instant Ticket Services team helped us take the Full of $500s scratch game from a concept to a staple of our scratch game lineup. We are pleased that IGT will continue to help us provide the quality scratch games and licensed property games that our players want for the next two years."

"IGT has taken a multi-faceted approach to providing the Minnesota Lottery with successful instant tickets over the last 10 years," said Jay Gendron, IGT Chief Operating Officer, Lottery. "We take pride in working hand-in-hand with the Lottery to design entertaining games based on extensive research, game planning, and strategic marketing. We look forward to delivering these player-centric services and innovative content over the next two years as we continue to help ensure the Minnesota Lottery's success."

Under the terms of the contract, IGT will supply a comprehensive range of instant ticket services for the Minnesota Lottery including, research and analytics, graphics support, and the production and printing of instant tickets. In addition to providing instant tickets and related services, IGT has been the Minnesota Lottery's technology and draw-based lottery systems provider since 2002.

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.

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 uncertainty of the duration, extent and effects of the COVID-19 pandemic and the response of governments, including government-mandated property closures and travel restrictions, and other third parties on the Company's business, results of operations, cash flows, liquidity and development prospects and the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2019 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 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

© 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 IGT's recent contract extension with the Minnesota Lottery?

IGT's recent contract extension is a two-year agreement to provide instant ticket games and services through June 30, 2022.

Which instant ticket games have been successful for IGT with the Minnesota Lottery?

IGT's 'Full of $500s' and 'Power $10' are the Lottery's best-selling games at their respective price points.

How long has IGT been working with the Minnesota Lottery?

IGT has been working with the Minnesota Lottery since 2010.

What services will IGT provide under the new contract with the Minnesota Lottery?

IGT will provide research, analytics, graphics support, and the production and printing of instant tickets.