IGT Extends Contract to Provide Instant Ticket Services to the Texas Lottery Commission
LONDON, Oct. 30, 2018 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE: IGT) announced that its subsidiary IGT Global Solutions Corporation (with International Game Technology PLC, hereinafter "IGT"), has signed a six-year contract extension with the Texas Lottery Commission ("Texas Lottery") to continue printing instant tickets. The extension will run through August 31, 2024.
IGT and the Texas Lottery have worked together to develop key product strategies which have enhanced the Lottery's portfolio of games and delivered increased sales. Texas was the first jurisdiction in the U.S. to launch IGT's Super Ticket™, offering players the chance to play multiple games on a single, oversized instant ticket. In collaboration with the Texas Lottery, IGT also developed the successful Loteria line at the $3, $5, and $10 price points, with a $20 "Million Dollar Loteria" ticket scheduled to launch in November.
"IGT and the Texas Lottery Commission have established a valuable partnership since the Lottery's inception in 1992, and IGT looks forward to furthering our longstanding relationship through this contract extension," said Jay Gendron, IGT Chief Operating Officer, Lottery. "Together with the Lottery, we will continue to deliver innovative games to Texas Lottery players to help increase sales, attract new players, and maximize contributions for education and Veterans."
In addition to instant tickets, IGT provides the Texas Lottery with lottery central systems, data center operations, field sales organization, retail sales and support, warehouse and distribution, call center, and marketing services.
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 Digital 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 more than 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, 2017 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 financial performance of the Company for the current or any future financial years will necessarily match or exceed the historical published financial performance of the Company, 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 its entirety by this cautionary statement.
Contact:
Robert K. Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations, (401) 392-7190
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries
SOURCE International Game Technology PLC (IGT)
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