LONDON, March 11, 2016 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation, has signed a Gaming System and Related Services Agreement (Agreement) with the North Carolina Education Lottery (NCEL) to provide a new draw-based central system, new lottery terminals, as well as player self-service vending machines, a multifaceted communications network, and ongoing services. The Agreement, with an initial term of 10+ years from "Go-Live" on April 1, 2017 until June 30, 2027, allows for a five-year extension option until June 30, 2032, and is the result of a competitive procurement. The NCEL has been a valued IGT customer since the NCEL launched the lottery in 2006.
"We are grateful to be aligned with the NCEL in innovating its business and achieving consecutive years of record success, and we welcome the opportunity to support the NCEL in ushering in its next exciting chapter," said Michael Chambrello, IGT CEO, North America Lottery. "We look forward to furthering our partnership, helping to increase contributions to education, and bringing the greatest value to North Carolinians as we help the NCEL reach and exceed its next set of strategic goals."
"The Education Lottery's partnership with IGT during its first 10 years of operations is one of the major reasons it has succeeded in increasing both sales and earnings every year," said Alice Garland, Executive Director of the NCEL. "With our new partnership, the lottery will get the systems and equipment it needs to work more effectively and efficiently for its players, its retail partners and the good cause it serves. By working together, the next 10 years can be as successful as the first."
Under the terms of the Agreement, IGT will provide the NCEL with industry-leading tools including components of IGT's Aurora™ platform. Aurora Open Retail (f/k/a NEOS), a new retail solution software architecture, will enable the NCEL to support multiple types of retailer solution devices in an efficient manner, improving time to market. Additionally, the NCEL will receive Aurora Navigator (f/k/a NVISION) back-office applications for lottery personnel who will have the ability to customize the look and feel of the interface to meet their exact needs, help them better manage their business, and enhance productivity.
The NCEL will also receive IGT's Altura™ Flex draw-based lottery terminal which features a highly-configurable platform derived from the successful Altura GT1200 product, and a smaller footprint. A new reader for play slips is designed to reduce maintenance cycles and improve throughput. A high-resolution wide-screen retailer display will enhance the ease of use and productivity of retailers.
Moreover, the Gemini™ Touch, IGT's new self-service lottery vending machine, provides fully customizable screens, allowing the NCEL to showcase its brand identity and creatively display content that is unique and inviting. Up to 28 instant-ticket games are supported and the number of draw games is configurable based on the NCEL's needs.
The latest ES MultiMedia digital advertising display solution will be provided to stimulate increased brand awareness, winner awareness, and player recognition of jackpots and game activities, directly at the point-of-sale. The communications network will be replaced with a combination of VSAT technology and the IGT-patented Dual Comm Inside, offering the highest network availability in the lottery industry.
IGT will maintain its primary data center to be co-located with the NCEL's new facility in Raleigh, providing services to the NCEL including installation and maintenance of the new central system, terminals, and communications network; retailer training; and field services. IGT will continue to provide 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 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 approximately 13,000 employees. For more information, please visit www.IGT.com.
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This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning IGT 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 IGT 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 IGT'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) risks that the businesses of International Game Technology 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; risk that the Company will be unable to pay future dividends to shareholders or that the amount of such dividends may be less than anticipated; risks relating to unanticipated costs of integration of the two companies; reductions in customer spending; a slowdown in customer payments and changes in customer demand for products and services; unanticipated changes relating to competitive factors in the industries in which the company operates; ability to hire and retain key personnel; the potential impact of the consummation of the business combination on relationships with third parties, including customers, employees and competitors; 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 the company; international, national or local economic, social or political conditions that could adversely affect the company or its customers; conditions in the credit markets; risks associated with assumptions the company makes in connection with its critical accounting estimates and legal proceedings; and the company'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 IGT's business, including those described in IGT's annual report on Form 20-F for the financial year ended December 31, 2014 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 IGT's website at www.IGT.com. Except as required under applicable law, IGT does not assume any obligation to update the forward-looking statements. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that earnings per IGT share for the current or any future financial years will necessarily match or exceed the historical published earnings per IGT share, 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 IGT, 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
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SOURCE IGT
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