STOCK TITAN

IGT Signs Retail and Mobile Sports Betting Agreement with Ponce Plaza Hotel & Casino in Puerto Rico

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
IGT (NYSE: IGT) expands its sports betting presence in Puerto Rico through a multi-year agreement with Ponce Plaza Hotel & Casino to launch PlayBets, the first casino brand-led sportsbook in the region. Leveraging IGT PlaySports technology, the casino aims to offer a retail and mobile sportsbook, providing an exciting betting experience to sports fans.
Positive
  • IGT's strategic alliance with Ponce Plaza Hotel & Casino strengthens its sports betting presence in Puerto Rico, potentially driving new customers to the property and enhancing the overall guest experience.
Negative
  • None.

IGT PlaySports™ technology and services will enable Puerto Rico's first casino brand-led sportsbooks, PlayBets by Ponce Plaza

LONDON, Nov. 9, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it is growing its sports betting presence in Puerto Rico via a multi-year IGT PlaySports technology and services agreement with Ponce Plaza Hotel & Casino. Located in Ponce, Puerto Rico, the casino will leverage IGT PlaySports' award-winning technology and experienced trading advisory services team to power Puerto Rico's first casino brand-led retail and mobile sportsbook, PlayBets by Ponce Plaza.

"IGT has been a valued Ponce Plaza Hotel & Casino gaming equipment supplier for many years, and we are thrilled to expand our strategic alliance and entertainment portfolio with PlayBets by Ponce Plaza, our soon-to-launch IGT PlaySports-powered sportsbook," said Ramon Muñoz, Ponce Plaza Hotel & Casino General Manager. "Ponce Plaza Hotel & Casino has been serving the local community since 2008 and we could not be prouder to be the first casino operator in Puerto Rico to run and operate its own sportsbook and to give sports fans an amazing betting experience backed by a local operator who they know and trust."

"IGT PlaySports looks forward to helping Ponce Plaza Hotel & Casino deliver the excitement of multi-channel sports betting to fans in the region through our proven technology and comprehensive services," said Joe Asher, IGT President of Sports Betting. "By adding sports betting to their gaming enterprise, Ponce Plaza Hotel & Casino will be equipped with a valuable new player acquisition tool that will drive new customers to the property and enhance the overall experience at the hotel."

As part of IGT PlayDigital, IGT PlaySports was named "Sportsbook Supplier of the Year" in the 2023 SBC North America Awards. IGT PlaySports powers sportsbooks at more than 90 gaming venues across North America. For more information visit igt.com/playsports or follow us on 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-signs-retail-and-mobile-sports-betting-agreement-with-ponce-plaza-hotel--casino-in-puerto-rico-301982233.html

SOURCE International Game Technology PLC

FAQ

What is the name of the company expanding its sports betting presence in Puerto Rico?

IGT (NYSE: IGT)

What is the name of the first casino brand-led sportsbook in Puerto Rico?

PlayBets by Ponce Plaza

Where can I find more information about IGT PlaySports technology?

You can visit igt.com/playsports or follow IGT on LinkedIn for more information.

International Game Technology PLC

NYSE:IGT

IGT Rankings

IGT Latest News

IGT Stock Data

3.47B
109.04M
43.46%
49.05%
1.01%
Gambling
Consumer Cyclical
Link
United States of America
London