LONDON, Jan. 18, 2017 /PRNewswire/ -- International
Game Technology PLC (NYSE:IGT) announced that its subsidiary, IGT
Canada Solutions ULC (with International Game Technology PLC,
hereinafter "IGT" or "the Company"), has signed a contract to
provide Video Lottery Terminals (VLTs), a VLT Central System, site
controllers, games, and operational services to AB Svenska Spel in
Sweden ("Svenska Spel") as part of
a competitive procurement process. IGT, as legacy GTECH, has been
providing video lottery products and support services to Svenska
Spel, operator of the Swedish national lottery and a World Lottery
Association member, since 1996.
"Throughout the last two decades, we've successfully
supported and enhanced Svenska Spel's approach to protecting
players while creating advanced solutions to meet their business
objectives," said Walter
Bugno, CEO, IGT International. "This contract will
help to ensure that Svenska Spel continues to responsibly grow and
remain competitive in a rapidly changing marketplace. It will help
to increase player engagement, ensure the long-term sustainability
of their offering, and provide a safe gaming experience for their
players, which is the cornerstone of Svenska Spel's
program."
The contract, which commenced on Jan. 9,
2017, is for seven years with the possibility of one-year
extensions for up to three subsequent years, for a maximum term of
10 years. Under the contract term, Svenska Spel has agreed to a
minimum 6,000 Quasar® VLTs, the
INTELLIGEN™ Central System, a minimum 2,000 IGT site
controllers, and more than 60 games. Operational services include
continuous, 24/7 operation of the Gaming System, including VLTs,
site controllers, and games from IGT's market-leading omnichannel
content portfolio.
The newest member of the IGT VLT product family, the sleek,
modern Quasar VLT features large, 23-inch LCD screens
supporting full HD graphics; a 10.1-inch multi-touch button panel;
and ergonomically comfortable design suited for players at any
height.
The latest version of the INTELLIGEN Central System
incorporates a proven architectural design with the latest
technology available, maximizing system performance and
reliability. It is designed to support growth and remain current
through the evolution of technology, and is based on
commercially-proven deployments in high-transaction
environments.
The solution includes robust Responsible Gaming (RG) tools that
are intuitive for players and provide a transparent, realistic
context for gaming through features such as tutorials, information
on odds and payouts, as well as an information section that dispels
gambling myths. With it, players can set both time and monetary
spending limits for multiple time periods.
Svenska Spel will also receive the new, market-leading
INTELLIGEN Advanced Business Intelligence value-added
module, which provides data that helps quickly identify trends and
provide useful insights to improve all aspects of business
performance in the network.
IGT's site controller and retailer terminal includes a modern,
tablet-style touch-screen display; a small footprint that minimizes
space requirements; and a sleek product design.
In addition to supplying Svenska Spel's VLT wide area network
operation, IGT, as legacy GTECH subsidiary Boss Media, began
providing Svenska Spel with fully customizable poker software in
2006. Svenska Spel also uses IGT's
Casinolink® system and IGT 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
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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
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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