IGT Wins Contracts With Norsk Tipping To Provide Interactive Casino And Instant Win Game Libraries And Customized Games

LONDON, Feb. 7, 2017 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) has announced that its subsidiary, IGT Global Services Limited (with International Game Technology PLC, hereinafter "IGT"), has signed contracts with Norsk Tipping to provide interactive casino and Instant Win game libraries and custom games through a Remote Game Server (RGS) as part of a recent competitive procurement process. Norsk Tipping, Norway's state lottery operator and a World Lottery Association (WLA) member, has been a valued customer of IGT, previously legacy GTECH, since 2013.

"Since the launch of Norsk Tipping's iGaming program in 2014, IGT's compelling interactive content has contributed to its ongoing success," said Åsne Havnelid, CEO, Norsk Tipping. "Thanks to IGT's investment in its interactive solutions, we can continue providing Norwegian players with unique games that they enjoy built on the foundation of Responsible Gaming principles."

"IGT's extensive experience across commercial iGaming has helped to meet the specific needs of the traditional WLA markets, and has enabled IGT to provide Norsk Tipping with a competitive, customized iGaming portfolio," said Declan Harkin, Senior Vice President and Chief Operating Officer, IGT International. "IGT was proud to play an integral role in Norsk Tipping's historic iGaming program launch, and this contract will further enhance their successful program with additional entertaining game content."

The new contracts for the provision of games, which took effect on Feb. 1, 2017, are for three years with the option for an extension of one year. Related contracts for the operation of games will have initial three year terms from the date of regular operation and will be automatically renewed for one year at a time until a maximum of eight years. IGT will provide additional interactive casino and Instant Win content from its game libraries, as well as new games created exclusively for the regulated Norwegian market, through an RGS. IGT will also provide a selection of games through its Nordic sub-supplier Magnet Gaming. The games are expected to be deployed beginning in the second half of 2017.

In a separate contract, executed in September 2016, IGT received a two-year extension until March 2019 of its current contract with Norsk Tipping dated November 2012 for the ongoing provision of the interactive gaming platform.

IGT's extensive game libraries leverage the Company's experience across multiple gaming verticals, including interactive and land-based gaming, to help customers attract new players and retain existing ones. The libraries feature a broad variety of themes and features, enabling operators to select proven game styles for their market while easily introducing new themes. IGT's libraries include widely recognized licensed content, and offer cross-promotion and advertising material to enhance player engagement.

Beginning in January 2014, Norsk Tipping went live with its successful Instaspill portfolio consisting of IGT iCasino, Instant Win, and Bingo titles, as well as the platform supplied exclusively by IGT.

In addition to Norsk Tipping, IGT's Nordic WLA interactive customers include Veikkaus in Finland and Svenska Spel in Sweden.

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 news release 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 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 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

SOURCE IGT

Related Links

http://www.IGT.com