IGT Receives 10-Year Contract Extension From The Michigan Lottery
LONDON, July 31, 2018 /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 10-year contract extension with the Michigan Lottery to provide new lottery technology and ongoing services through January 2031.
"We are pleased to continue our relationship with the Michigan Lottery, one that dates back to 1988," said Jay Gendron, IGT COO, Lottery. "As one of the most successful lotteries in the United States, the Michigan Lottery continues to achieve record sales and contributions to the Michigan School Aid fund, its beneficiary. We look forward to providing industry-leading technology that will assist the Michigan Lottery in managing and growing its business now and in the years ahead."
Under the terms of the contract extension, IGT will provide the Michigan Lottery with innovative tools from IGT's Aurora™ platform, such as Aurora Navigator™, and several of IGT's BizApps lottery applications including Performance Wizard, Retailer Wizard, Order Wizard, and Instant Tracking Wizard which enable the Lottery to drive profitable growth.
IGT's new Retailer Pro terminals will replace the 11,550 existing lottery terminals. WinCheck™ ticket checkers will also be installed in retail locations allowing for players to easily check whether their tickets are winners. In addition, the Lottery will receive 2,100 GameTouch™ self-service touch-screen lottery vending machines.
IGT will maintain its primary data center in Lansing, Michigan, and will continue providing services for the Michigan Lottery including installation and maintenance of the new central system and terminals; maintenance of the communications network; retailer training; field merchandisers; marketing support; call center services; field services; and instant ticket warehousing and distribution. IGT is also providing backup data center services from its Data Center of the Americas facility located in Austin, Texas.
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 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, 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. 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, 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
SOURCE IGT
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