LONDON, July 17, 2015 /PRNewswire/ -- International Game
Technology PLC ("IGT") (NYSE:IGT) announced that its wholly-owned
subsidiary, GTECH Corporation ("the Company"), has entered
into a five-year extension agreement with the Maryland Lottery
and Gaming Control Commission to continue providing the
Company's INTELLIGEN™ central monitoring and control system
for the existing video lottery terminal (VLT) program at the
state's five licensed VLT venues: Hollywood Casino Perryville, The
Casino at Ocean Downs, Maryland Live! Casino, Rocky Gap Resort and
Casino, and Horseshoe Casino Baltimore. Additionally under the
extension agreement, the Company will provide technology and
services to connect the VLTs at the state's sixth licensed VLT
venue, MGM National Harbor, which is expected to open in the third
or fourth quarter of 2016, to INTELLIGEN.
"We have built a strong partnership with the Maryland Lottery
and Gaming Control Commission since this contract began in 2010,
and we couldn't be more pleased to extend the relationship,"
said Michael Chambrello, CEO,
North America Lottery, for IGT. "We have also gained a deep
understanding of the VLT landscape in Maryland over the past five years, and welcome
this new opportunity to assist the Commission in expanding its VLT
program and supporting its next phase of growth."
About IGT
IGT (NYSE:IGT) is the global leader in
gaming. We enable players to experience their favorite games across
all channels and regulated segments, from Gaming Machines and
Lotteries to Interactive and Social Gaming. Leveraging a wealth of
premium content, substantial investment in innovation, in-depth
customer intelligence, operational expertise and leading-edge
technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. 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 more than 13,000 employees. For more
information, please visit www.merger.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 IGT and other matters.
These statements may discuss goals, intentions and expectations as
to future plans, trends, events, results of operations or financial
condition, or otherwise, based on current beliefs of the management
of IGT 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 are subject to various risks and uncertainties, many of
which are outside IGT'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 the forward-looking statements. Factors
that could cause actual results to differ materially from those in
the forward-looking statements include (but are not limited to)
risks that the businesses of International Game Technology and
GTECH S.p.A. will not be integrated successfully, following the
recent completion of their business combination, or that the
combined companies will not realize estimated cost savings,
synergies, growth or other anticipated benefits or that such
benefits may take longer to realize than expected; risks relating
to unanticipated costs of integration of the two companies;
reductions in customer spending; a slowdown in customer payments
and changes in customer demand for products and services;
unanticipated changes relating to competitive factors in the
industries in which the company operates; ability to hire and
retain key personnel; the potential impact of the consummation of
the business combination on relationships with third parties,
including customers, employees and competitors; ability to attract
new customers and retain existing customers in the manner
anticipated; reliance on and integration of information technology
systems; changes in legislation or governmental regulations
affecting the company; international, national or local economic,
social or political conditions that could adversely affect the
company or its customers; conditions in the credit markets; risks
associated with assumptions the company makes in connection with
its critical accounting estimates and legal proceedings; and the
company's international operations, which are subject to the risks
of currency fluctuations and foreign exchange controls. The
foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors and the other risks and
uncertainties that affect IGT's business, including those described
in IGT's annual report on Form 20-F for the financial year ended
December 31, 2014 and other documents
filed from time to time with the Securities and Exchange Commission
(the "SEC"). Except as required under applicable law, IGT does not
assume any obligation to update the forward-looking statements.
Nothing in this news release is intended, or is to be construed, as
a profit forecast or to be interpreted to mean that earnings per
IGT share for the current or any future financial years will
necessarily match or exceed the historical published earnings per
IGT share, as applicable. 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 IGT, or persons acting
on its behalf, are expressly qualified in their entirety by this
cautionary statement.
Contact:
Robert K.
Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations,
(401) 392-7190
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
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SOURCE IGT