IGT to Deploy Enhanced INTELLIGEN Central System Technology to Manitoba VLTs

Rhea-AI Summary

International Game Technology PLC (NYSE: IGT) has extended its central systems contract with Manitoba Liquor and Lotteries Corporation (MBLL) for five years. This extension involves upgrading MBLL's video lottery system to the latest version of IGT's INTELLIGEN™. The enhanced system will connect nearly 6,600 video lottery terminals (VLTs) and includes improved network diagnostics and updated user interfaces. This agreement solidifies IGT's presence in the regulated video lottery industry, highlighting its commitment to providing advanced gaming solutions.

Positive

• Five-year extension of the contract with MBLL enhances IGT's revenue stream.
• Upgrade to the INTELLIGEN system improves operational efficiency for MBLL.
• Provision of advanced features like improved network diagnostics and updated interfaces boosts customer satisfaction.

Negative

• None.

LONDON, Feb. 1, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced today that its subsidiary, IGT Canada Solutions ULC (hereinafter "IGT"), has signed a five-year central systems contract extension with Manitoba Liquor and Lotteries Corporation ("MBLL") to deliver an enhanced version of IGT's INTELLIGEN™ video lottery central system. INTELLIGEN connects nearly 6,600 video lottery terminals (VLTs) throughout Manitoba. This extension will run for five years following the final acceptance of the upgraded system.

"With IGT's enhanced INTELLIGEN system, MBLL can easily access insight into the status and performance of its VLT network," said Nick Khin, IGT Senior Vice President and Chief Operating Officer, Gaming. "Developed to respond to the unique needs of our customers, INTELLIGEN supports the volume, complexity and security MBLL needs to operate its thousands of VLTs located throughout the region with confidence and efficiency."

Under the terms of the extension, IGT will upgrade MBLL's video lottery central system to the latest version of INTELLIGEN, which includes improved network diagnostics. MBLL will also receive several iLINK Ultras, IGT's latest retailer site controller that has a separate point-of-sale device and logic box for increased flexibility, and an updated user interface with improved features for the retailer.

As the leader in the regulated video lottery industry, IGT deploys its INTELLIGEN systems worldwide, connecting a wide range of VLTs in a variety of gaming environments. The software is built on IGT's more than 25 years of central systems experience and offers stable, secure command and control capabilities.

In addition to VLTs and the INTELLIGEN central system, IGT also provides MBLL with commercial casino cabinets, games, and the IGT ADVANTAGE™ casino management system, as well as IGT PlayCasino games.

For more information, visit IGT.com, or follow us on Facebook, LinkedIn, and Twitter or watch IGT videos on YouTube.

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 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.

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, 2020 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 06 5189 9184; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

© 2022 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 contract extension with MBLL?

The contract extension allows IGT to enhance its video lottery central system and maintain a long-term relationship with MBLL, supporting ongoing revenue.

How many video lottery terminals are connected to IGT's INTELLIGEN system in Manitoba?

IGT's INTELLIGEN system connects nearly 6,600 video lottery terminals (VLTs) throughout Manitoba.

What improvements does the upgraded INTELLIGEN system provide?

The upgraded system includes improved network diagnostics and a new user interface with enhanced features for better flexibility and performance.

What does the contract extension mean for IGT's business strategy?

The extension signifies IGT's commitment to the regulated video lottery market and reinforces its strategy to provide advanced gaming technology.