LONDON, Jan. 4, 2017 /PRNewswire/ -- International
Game Technology PLC (NYSE:IGT) announced that its subsidiary, IGT
Global Solutions Corporation (with International Game Technology
PLC, hereinafter "IGT"), has extended its multi-year contract with
the Idaho Lottery ("Idaho Lottery" or "Lottery") to continue
providing Scratch GamesTM printing services through
March 2019. This is the second,
two-year extension that has been exercised on the existing contract
and was unanimously approved by the Idaho Lottery Commission during
their regular meeting on November 17,
2016. In addition to providing Scratch GamesTM
printing services to the Idaho Lottery, IGT will continue to
support the Lottery with related products and services including
game planning, ticket design, marketing support, and
analytics.
IGT currently provides over 70 percent of printing for the Idaho
Lottery's Scratch GamesTM, resulting in
responsible, incremental sales growth year after year. Together,
IGT and the Idaho Lottery have worked closely to deliver a
portfolio of games with fun, new play styles to benefit the people
of Idaho. In 2016, the Idaho
Lottery broke records, returning $49.5
million to Idaho public
schools and the Permanent Building Fund, a 10 percent increase from
2015.
"The Idaho Lottery has a positive and productive relationship
with IGT for the development and delivery of Idaho Scratch
Games. We are pleased to continue this partnership," said
Jeff Anderson, Idaho Lottery
Director. "IGT's lottery industry expertise and
leadership, along with their ability to develop new and innovative
products, has helped us deliver a portfolio that produces an
appealing mix of games for our players and benefits for the people
of Idaho."
"IGT values the opportunity to continue collaborating with
the Idaho Lottery," said Michael
Chambrello, IGT Chief Executive Officer, North America
Lottery. "Together we will work to deliver pioneering
games and solutions to Idaho Lottery players which drive sales and
maximize funds generated for Idaho's good causes."
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