LONDON, March 29, 2016 /PRNewswire/ -- International Game
Technology PLC ("IGT") (NYSE: IGT) announced that its subsidiary,
IGT Global Solutions Corporation, has signed a seven-year contract
with the Virginia Lottery for the provision of new lottery
technology and services, following a competitive procurement
process. The initial term of the contract runs through October 21, 2024, and allows for two three-year
extension options.
"We are pleased to continue our partnership with the Virginia
Lottery which has enjoyed six consecutive years of sales growth,
with most recent annual sales reaching $1.84
billion," said Michael
Chambrello, IGT CEO, North America Lottery. "The
solutions and services we will deliver are founded on extensive
Virginia player and retailer
research and aligned with the Lottery's strategic objectives. We
will continue to work with the Lottery to bring them to the next
level of growth, and help to maximize proceeds to support public
education in the Commonwealth."
"We look forward to taking our customer service to a new
level, for our retail partners and our players, when the new IGT
terminals hit the market in 2017," said Paula Otto, Virginia Lottery Executive
Director. "Helping our 5,350 retailers deliver a secure and
convenient customer experience to Virginia consumers is a cornerstone of our
strategy. This partnership will help us continue to meet and exceed
our profit goals in support of K-12 public education."
Under the contract terms, the Virginia Lottery will receive
components of IGT's Aurora™ platform. Aurora Open Retail (f/k/a
NEOS), a new retail solution software architecture, will enable the
Lottery to support multiple types of retailer solution devices in
an efficient manner, improving time to market. The Aurora Lottery
Services Portal, a robust, interactive website, will provide the
tools independent and corporate retailers need to successfully
start, manage, and grow their lottery business without being tied
to a lottery terminal. In addition, the Lottery will receive Aurora
Navigator (f/k/a NVISION) back-office applications for lottery
personnel who will have the ability to customize the look and feel
of the interface to meet their exact needs, help them better manage
their business, and enhance productivity.
The Virginia Lottery will also receive 5,500 Altura™ Flex
draw-based lottery terminals which feature a highly-configurable
platform derived from IGT's Altura GT1200 product, and a smaller
footprint.
The Aurora MultiMedia digital advertising display solution will
be provided to stimulate increased brand awareness, winner
awareness, and player recognition of jackpots and game activities,
directly at the point-of-sale, as well as Ticket-Scan™ Plus
self-service ticket checkers for players.
Additionally, the Gemini™ Touch, IGT's new self-service lottery
vending machine, provides fully customizable screens and supports
up to 28 instant-ticket games and a configurable number of draw
games.
The communications network will be upgraded utilizing
next-generation satellite technology.
In addition to the installation and maintenance of the central
system, terminals, and communications network, IGT will provide
warehousing and distribution for instant tickets, field services,
and marketing support. The control room/operations is co-located
with the Virginia Lottery where both IGT and the Lottery manage
day-to-day operations.
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 over 12,000 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 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"), which are available on the SEC website at www.sec.gov and
on the investor relations section of IGT's website at www.IGT.com.
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, toll free in
U.S./Canada (844) IGT-7452;
outside U.S./Canada (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