LONDON, Sept. 22, 2016 /PRNewswire/ -- International
Game Technology PLC (NYSE:IGT) ("IGT") announced that it has signed
a four-year contract extension to enhance the suite of interactive
multichannel poker products it provides to AB Svenska Spel, the
Company's lottery customer in Sweden and operator of the world's
fifth-largest ring-fenced market poker site according to
pokerscout.com. Svenska Spel is exercising a four-year extension
provided under its contract with IGT signed as part of a
competitive procurement in 2013.
"For a decade now, Svenska Spel has successfully worked with
IGT to offer the Swedish public a fun and safe interactive poker
product," said Lennart Käll, CEO of Svenska Spel.
"Choosing partners with innovative, marketing-leading products is
essential to responsibly meeting our customers' needs."
"By leveraging industry best practices and our experience as
a successful B2C operator in the Italian interactive market, IGT's
enhanced multichannel suite of interactive poker products will help
Svenska Spel to reach a broader player base," said
Declan Harkin, Senior Vice
President and Chief Operating Officer, IGT
International. "IGT's best-in-class mobile and tablet
user interface ensures that the customer can provide its players
with a safe, responsible, and entertaining experience anytime,
anywhere."
Under the terms of the contract extension, IGT will enhance its
multichannel suite of interactive poker products across desktop,
Android smartphone, Android tablet, iPad and iPhone with a new
user-friendly graphical interface, new game formats, and tournament
variations. Enhancements include IGT's U.S. patent-pending Poker
Challenge tournament format, which appeals to novice and expert
players alike, and Character-Based Cash Tables. The suite of poker
products is powered by IGT's new poker solution, which consists of
IGT's new poker engine and the IGT Connect™
platform.
IGT, as legacy GTECH, began providing Svenska Spel with fully
customizable poker software in 2006 and video lottery gaming
solutions in 1996. Svenska Spel also uses IGT's
Casinolink™ system and slot machines at its land-based
casinos.
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 International Game Technology PLC 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 International Game Technology
PLC 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 International Game Technology PLC'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) the possibility that the
businesses of International Game Technology (Nevada) 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; unanticipated costs of integration of
International Game Technology (Nevada) and GTECH S.p.A.; the possibility that
International Game Technology PLC will be unable to pay future
dividends to shareholders or that the amount of such dividends may
be less than anticipated; the possibility that International Game
Technology PLC may not obtain its anticipated financial results in
one or more future periods; reductions in customer spending; a
slowdown in customer payments and changes in customer demand for
products and services as a result of changing economic conditions
or otherwise; unanticipated changes relating to competitive factors
in the industries in which International Game Technology PLC
operates; International Game Technology PLC's ability to hire and
retain key personnel; the impact of the consummation of the
business combination on relationships with third parties, including
customers, employees and competitors; International Game Technology
PLC's 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 International Game Technology
PLC, including as a consequence of the announced withdrawal of the
U.K. from the EU; international, national or local economic, social
or political conditions that could adversely affect International
Game Technology PLC or its customers; conditions in the credit
markets; changes in the top management team; risks associated with
assumptions International Game Technology PLC makes in connection
with its critical accounting estimates; the resolution of pending
and potential future legal, regulatory or tax proceedings and
investigations; and International Game Technology PLC'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 International Game Technology PLC's business, including
those described in International Game Technology PLC's annual
report on Form 20-F for the financial year ended December 31, 2015 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 International Game Technology
PLC's website at www.IGT.com. Except as required under applicable
law, International Game Technology PLC 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
International Game Technology PLC share for the current or any
future financial years will necessarily match or exceed the
historical published earnings per International Game Technology PLC
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 International Game
Technology PLC, 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