LONDON, Feb. 20, 2018 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE:IGT) has completed a $15 million expansion to accommodate a new,
state-of-the-art instant ticket press at its facility in
Lakeland, Florida. The addition of
approximately 45,000 square feet allows space for a new instant
ticket TRESU press, extra production area, a new shipping and
receiving area, secure office space, and secured finish goods
storage.
Since the facility first opened in 2009, employment has grown by
112%, representing $11.7 million in
annual payroll wages. The expansion is expected to increase
full-time employment by an additional 24% by the end of 2021.
"This state-of-the-art facility is part of the economic
engine for Lakeland," said
U.S. Congressman Dennis Ross.
"This facility benefits both employees and local businesses
alike. From construction jobs to expand the facility to IGT using a
number of local vendors ensuring the plant is kept up-and-running,
the local economy is benefiting from IGT's investment in
Florida, and the Lakeland community."
"Today is about a strong partnership we've developed with the
Lakeland Economic Development Council (LEDC)," said IGT COO,
Lottery, Jay Gendron.
"Working together with the LEDC, IGT has developed relationships
with Lakeland businesses and
contractors, and we've created several new jobs as part of our
expansion project. The substantial investment we are making now is
a true indication of IGT's commitment to Lakeland in the years to come."
The new servo-controlled TRESU press is now operational and will
increase IGT's printing capacity by approximately 30%. The TRESU is
the newest in the industry, incorporating the latest advancements
in flexography technology, and complements IGT's current
servo-controlled Gallus press, which also utilizes flexography
technology.
"The new TRESU press is very important to our printing
business and allows us to service our lottery customers in a
greater capacity," continued Mr. Gendron. "The TRESU
will complement and expand our current production capabilities,
scheduling flexibility, and capacity. In fact, the addition of this
second press actually increases production capacity in the overall
industry, something that has not been done in more than 13
years."
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 its
consolidated subsidiaries (the "Company") 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 the Company 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 speak only as of the date on which
such statements are made and are subject to various risks and
uncertainties, many of which are outside the Company'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
such statements. Factors that could cause actual results to differ
materially from those in the forward-looking statements include
(but are not limited to) the factors and risks described in the
Company's annual report on Form 20-F for the financial year ended
December 31, 2016 and other documents
filed from time to time with the SEC, which are available on the
SEC's website at www.sec.gov and on the investor relations section
of the Company's website at www.IGT.com. Except as required under
applicable law, the Company does not assume any obligation to
update these forward-looking statements. You should carefully
consider these factors and other risks and uncertainties that
affect the Company's business. Nothing in this news release
is intended, or is to be construed, as a profit forecast or to be
interpreted to mean that the financial performance of International
Game Technology PLC for the current or any future financial years
will necessarily match or exceed the historical published financial
performance of International Game Technology PLC, 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