LONDON, Sept. 8, 2016 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) announced that its subsidiary, IGT Global Solutions Corporation (with International Game Technology PLC, hereinafter "IGT"), has signed a contract with the Florida Lottery to provide a wide array of lottery solutions and services, following a competitive procurement. The contract is for an initial 10-year period, and upon the execution of the contract, the Florida Lottery simultaneously exercised the first of its three available three-year renewal options. As a result, IGT will be providing production operations to the Florida Lottery for an initial 13-year period.
"Since 2005, the Florida Lottery and IGT have worked together to implement solutions and initiatives that have been key to the Lottery's growth," said Jay Gendron, IGT Senior Vice President, North America Lottery. "The Lottery's close attention to the needs of players and retailers has been instrumental in making it among the world's most successful and respected lotteries – and serves as a model for driving lottery growth through effective branding and innovation. Working together, our aligned organizations can build on this success even further for the benefit of Florida's education program."
Under the terms of the contract, IGT will provide the Florida Lottery with a set of solutions that has been developed, in large part, based on lottery-customer and retailer insights.
IGT's Aurora™ solution is highly-secure, robust, and flexible to meet the Florida Lottery's evolving requirements.
The Florida Lottery's existing retailer terminal base will be replaced with IGT's new Altura™ Flex retailer terminal, providing a state-of-the-art platform for retailers to efficiently interact with and service players, leveraging a modular, open architecture and retailer friendly design.
IGT's Aurora™ MultiMedia in-store signage allows for the transmission and management of Florida Lottery information, advertisements, and promotions directly to players at the point-of-sale.
The Florida Lottery will also receive IGT's Gemini™ self-service lottery vending machine, which offers instant and draw-based games with an integrated Aurora™ MultiMedia display.
Additionally, Ticket-Scan™ Plus self-service ticket checkers will be provided to Florida Lottery retailers, allowing players to easily and securely check the win status of their own instant and draw-based tickets.
The Florida Lottery's existing communications network will be upgraded utilizing a combination of next generation VSAT technology combined with the IGT-patented Dual Comm Inside solution, which offers the highest network availability in the lottery industry.
IGT will continue to provide ongoing services to the Florida Lottery, including system design, delivery, and ongoing support operations; terminal installation and maintenance; retailer training; hotline management; and telecommunications network management and maintenance.
The Florida Lottery generated record sales of approximately $6.06 billion in its fiscal year 2015-16, representing its fifth consecutive record-breaking sales year. The Lottery's total contribution to education since its startup is more than $30 billion.
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 presentation 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 presentation 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 International Game Technology PLC
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