IGT to Optimize Player Convenience and Retail Solutions for Mississippi Lottery via Three-Year Contract Extension

Rhea-AI Summary

International Game Technology (IGT) has extended its contract with the Mississippi Lottery for an additional three years, ensuring service until December 1, 2029. IGT will introduce new technologies including a mobile convenience app, new GameTouch™ 28 self-service terminals, and the Sales Wizard retail automation tool. The mobile app will offer features like viewing winning numbers, checking tickets, and creating digital playslips. The Sales Wizard tool will provide comprehensive sales reports to optimize lottery retail opportunities. IGT's extension aligns with Mississippi Lottery's goals of funding educational initiatives, with plans to open more digital technology labs and continue annual scholarship contributions. IGT serves as the primary technology provider for numerous major lotteries worldwide.

Positive

• IGT extended its contracts with the Mississippi Lottery for three additional years, ensuring service until December 1, 2029.
• Introduction of new GameTouch™ 28 self-service terminals to enhance user experience.
• Deployment of a mobile convenience app with multiple features like ticket checking and digital playslips.
• Sales Wizard tool to provide comprehensive sales reports and optimize retail opportunities.
• Alignment with Mississippi Lottery's educational funding goals, including new digital technology labs and scholarship contributions.
• IGT is a leading technology provider to 26 U.S. lotteries and several top global lotteries.

Negative

• Potential increased operational costs due to the deployment of new technologies and tools.
• Dependence on the success of new product implementations to meet sales and engagement targets.

LONDON, May 28, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has extended its contracts with the Mississippi Lottery Corporation ("Mississippi Lottery") for an additional three years to continue providing online gaming systems and instant ticket services through Dec. 1, 2029. As part of the agreements, IGT will deploy a mobile convenience app, new GameTouch™ 28 self-service terminals and its Sales Wizard retail automation tool.

"When launching the Mississippi Lottery in 2019, we relied on IGT's expertise to guide us in driving player engagement across draw-based and instant ticket games, and in realizing our growth targets," said Jeff Hewitt, Mississippi Lottery Corporation President. "After almost five very successful years, we continue working with IGT to enhance our operations and deliver quality entertainment to our players. The Mississippi Lottery is excited to introduce IGT's new products for added player convenience and install the Sales Wizard tool so that we can leverage actionable insights to identify incremental lottery retail opportunities."

"Since the Mississippi Lottery's inception, IGT has applied our deeply rooted proficiency of industry best practices to help the Lottery continuously exceed its sales objectives, year after year," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "The new solutions that IGT is delivering in Mississippi will provide ultimate convenience for both the Lottery and its players, while also supporting the needs of the evolving lottery landscape."

Once available, the Mississippi Lottery's mobile app will provide players a multitude of convenience features, including the ability to view winning numbers, check for winning tickets, create digital playslips, find retailers, access game information, and review responsible gaming materials. In addition to the 300 GameTouch 28 self-service terminals already installed throughout the State, IGT will deploy new GameTouch 28 machines, enabling dynamic user experiences that will further engage Mississippi Lottery players and provide increased flexibility. IGT's Sales Wizard is the industry-leading sales force automation tool that will offer the Lottery's sales teams with timely, comprehensive reports providing insights on sales, instant ticket inventory, instant ticket facings, and point-of-sale equipment and signage.

Further to IGT's role as a lottery products and services provider, the Company is aligned with the Mississippi Lottery's goals of funding educational opportunities throughout the state. As part of its After School Advantage program, IGT plans to open more digital technology labs in Mississippi, in addition to the six labs that IGT has already funded in the State since 2019. IGT will also continue its annual scholarship contribution that benefits students at Historically Black Colleges and Universities in Mississippi.

As the global lottery market leader, IGT is the primary technology provider to 26 of the 46 lotteries in the U.S., eight of the world's 10 largest lotteries and 16 of the world's top 25 lotteries. For more information, visit IGT.com and 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 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, products and services, customer relationships, 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, 2023 and other documents led 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

© 2024 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 new technologies is IGT introducing to the Mississippi Lottery?

IGT is introducing a mobile convenience app, new GameTouch™ 28 self-service terminals, and the Sales Wizard retail automation tool.

When does the extended contract between IGT and the Mississippi Lottery end?

The extended contract between IGT and the Mississippi Lottery will end on December 1, 2029.

What features will the new Mississippi Lottery mobile app include?

The new mobile app will include features like viewing winning numbers, checking tickets, creating digital playslips, finding retailers, and accessing game information.

How will IGT's Sales Wizard tool benefit the Mississippi Lottery?

The Sales Wizard tool will provide comprehensive sales reports and insights on instant ticket inventory, helping optimize lottery retail opportunities.

What educational initiatives is IGT supporting in Mississippi?

IGT supports educational initiatives through the After School Advantage program, opening digital technology labs and providing scholarships to Historically Black Colleges and Universities.