LONDON, July 30, 2015 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE:IGT) announced that its
wholly-owned subsidiary, GTECH Corporation ("the Company"), has
signed a two year contract with Hrvatska Lutrija d.o.o., the
Croatian Lottery, whereby the Company will act as the sole supplier
of instant-ticket printing and related services to the Lottery. The
contract award is the result of a competitive procurement and
represents the first time that the Company will be providing
instant-ticket printing services to the Croatian Lottery. It is
expected that a minimum of 18 instant-ticket games will be printed
over the contract period and solutions and strategies will be
offered to help increase revenues for the instant category over the
next two years. The profits generated by the Lottery help to
support good causes including financing organizations that promote
the fight against drugs and other forms of addictions, help to meet
the needs of people with disabilities, support social and
humanitarian activities, technical education, culture,
non-institutional education and the upbringing of children and
young people.
"We are eager to begin what we hope is a long-term,
successful relationship with the Croatian Lottery," said
Michael Chambrello, CEO,
North America Lottery, for IGT. "We will focus on maximizing
their profitability, generating incremental funds which will help
support good causes. We will also support the Lottery's growing
business by introducing a more diverse product mix specific to the
demands of the Croatian marketplace and their players. The Croatian
Lottery has much potential for growth and the Company is
excited to play a big role in their expanding business over the
next two years and beyond."
"The Croatian Lottery is excited to partner with one of the
largest lottery technology providers in the world," said
Danijel Ferić, Chairman of the Board, Hrvatska Lutrija.
"We are confident that IGT will help our Lottery to see a
continued increase in instant-ticket sales year-over-year. Their
reputation for providing superior products and services, along with
integrated marketing solutions for instant-ticket customers, makes
us very enthusiastic to begin working with them as our sole
provider of instant-ticket services."
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, dividends, 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, 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; risk that the Company will be
unable to pay future dividends to shareholders or that the amount
of such dividends may be less than anticipated; 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
Logo -
http://photos.prnewswire.com/prnh/20150406/196736LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/international-game-technology-plc-announced-that-its-subsidiary-has-signed-a-contract-to-provide-instant-ticket-printing-services-to-the-croatian-lottery-hrvatska-lutrija-300121067.html
SOURCE IGT