IGT and California Nations Indian Gaming Association Economic Development Corporation LLC Enter Partnership for Increased Placement of Wide Area Progressive/Contribution Games
LAS VEGAS, March 17, 2011 /PRNewswire/ -- International Game Technology (NYSE: IGT), a global leader in creating the major games that players love and the systems that improve the player experience, announced today that the Company has formalized an agreement with the California Nations Indian Gaming Association Economic Development Corporation LLC (CNIGA EDC LLC). This mutually beneficial agreement provides CNIGA EDC LLC with monetary awards for increases in the number of IGT Wide Area Progressive/Contribution (WAP/Contribution) games in use at the casinos of CNIGA member tribes.
"IGT is proud of our history of support for the California Nations Indian Gaming Association," said Eric Tom, chief operating officer for IGT. "We deeply value our relationship with CNIGA EDC LLC as well as CNIGA's member tribes, and this agreement will provide substantial support to CNIGA EDC LLC at levels not offered by any other gaming manufacturer. In addition, this partnership truly speaks to IGT's longstanding commitment to tribal efforts and tribal sovereignty."
In the agreement, IGT will provide financial support to CNIGA EDC LLC based on growth of the number of IGT WAP/Contribution games at the casinos of CNIGA member tribes. CNIGA EDC LLC will be rewarded as its member tribes add incremental IGT WAP/Contribution games to their casino floors. As a commitment to continuing IGT's longstanding relationship with CNIGA EDC LLC and CNIGA and to help further their goals, the substantial monetary awards provided by IGT for incremental placement of WAP/Contribution games will be invested or spent in ways fully determined by CNIGA EDC LLC.
"We see this joint venture with IGT as truly beneficial for all parties," said Daniel J. Tucker, chairman for CNIGA. "IGT's long history of proven themes and exciting new games provides our tribal members with an unsurpassed list of new and popular game options. Through this agreement, we will be able to help our tribal members provide their players with the very best gaming experiences, and at the same time, generate revenue that will assist in our ongoing work to preserve and protect the inherent sovereign rights of Indian tribes."
IGT will provide CNIGA member tribes with access to its long list of WAP/Contribution games available now and in the future. These games are designed to assist CNIGA EDC LLC and its member tribes with their revenue needs. Included in the WAP/Contribution games choices are Wheel of Fortune® Secret Spins™, Megabucks® Wild Sapphires™, and Star Wars™ Droid™ Hunt, as well as IGT's impressive Center Stage Series with entertaining games such as American Idol® and Wheel of Fortune® Triple Spin™, to name a few.
About CNIGA
The California Nations Indian Gaming Association (CNIGA), founded in 1988, is a non-profit organization comprised of federally-recognized tribal governments. CNIGA is dedicated to the purpose of protecting the sovereign right of Indian tribes to have gaming on federally-recognized Indian lands. It acts as a planning and coordinating agency for legislative, policy, legal and communications efforts on behalf of its members and serves as an industry forum for information and resources. Visit www.CNIGA.com for more information.
About IGT
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at www.IGT.com or follow IGT on Twitter at @IGTNews or Facebook at www.facebook.com/IGT.
SOURCE IGT
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