LONDON, Sept. 25, 2018 /PRNewswire/ -- IGT Global
Solutions Corporation, a wholly-owned subsidiary of International
Game Technology PLC ("IGT") (NYSE:IGT) and William Hill U.S., a
subsidiary of William Hill PLC (LON:WMH), today announced that they
have entered into a multi-year agreement to offer U.S. lotteries a
full service solution for sports betting. Together, the companies
are able to offer U.S. lotteries a fully-managed solution to meet
all their current and future needs in sports betting, both
maximizing revenues to each state and ensuring a reliable,
attractive, and innovative service for players.
This new partnership seeks to build upon the already successful
pairing between the companies which resulted in IGT being awarded
the contract to run sports betting for the Rhode Island Lottery
together with William Hill. Under
the terms of the partnership, the companies will jointly consider
all future sports betting opportunities and bid requests from U.S.
lotteries on a mutually exclusive basis. Commercial terms between
the partners were not disclosed.
The combined offer to U.S. lotteries under the new agreement
will comprise IGT's PlayShot™ end-to-end sports betting platform
for land-based, retail, online, and mobile with William Hill's operational, trading, player
management, and strategic expertise in U.S. sports books. IGT's
PlayShot sports betting platform is already live in four U.S.
states as a dedicated B2B solution for sportsbook operators.
William Hill operates sports books
under its own or partner brands or provides risk management
services in all five states where sports betting is active
today.
"We are delighted to be partnering with William Hill, whose proven leadership and
capability in U.S. sports betting operations will ensure that we
are able to fully support our lottery customers as states start to
regulate these products. Through this unique partnership, our
customers will be able to enter this new activity with total
confidence and trust in the service being offered," said
Renato Ascoli, IGT CEO,
North America. "IGT is
uniquely positioned as a leader in both lottery and sports betting
technologies to deliver innovative solutions that will expand the
possibilities for players and for lotteries themselves in this
exciting new market. By forming this partnership with William Hill, we are able to bring to our
lottery customers in every state a world-class combination of
technology and operational expertise."
"We are delighted to be expanding our relationship with IGT to
address the U.S. lottery market together," said Joe Asher, CEO of William Hill U.S.
"William Hill's track record as an
operator globally, and our clear leadership as a sports book
operator in the U.S., in particular, mean that U.S. lotteries can
be confident that in choosing IGT and us together, they will be
benefiting from a reliable, trustworthy, and responsibly-managed
solution – maximizing revenues to each state with a quality product
and service."
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.
About William Hill
William Hill PLC is one of the world's leading betting and
gaming companies, employing over 15,000 people. Its origins are in
the UK where it was founded in 1934, and where it is listed on the
London Stock Exchange. The majority of its $2.1 billion annual revenues are still derived
from the UK, where it has a national presence of licensed betting
offices and one of the leading online betting and gaming services.
In 2012, it established William Hill US with a focus on retail and
mobile operations in Nevada, which
is now the largest sports betting business in the USA. William Hill US currently operates 108
race and sports books in Nevada
and the state's leading mobile sports betting app. Following
the ruling in May 2018 by the Supreme
Court that the federal ban on state sponsored sports betting was
unconstitutional, the company is planning to operate where
permitted by law throughout America. William Hill US is already
operating in New Jersey at
Monmouth Park Racetrack and is the exclusive risk manager for the
sports lottery in Delaware. William
Hill also has licensed operations in The Bahamas, Italy and Spain and serves online customers throughout
the world from its Online headquarters in Gibraltar.
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.
IGT Contacts:
Robert K. Vincent, Corporate
Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside
U.S./Canada +1 (401) 392-7452
James Hurley, Investor Relations, +1 (401) 392-7190
Simone Cantagallo, +39 06 51899030;
for Italian media inquiries
William Hill Contact:
Michael Grodsky, Vice President of
Marketing & Public Relations, (702) 378-7852
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SOURCE IGT