LONDON, April 5, 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 announced that it has signed
a contract with Lotterie-Treuhandgesellschaft mbH Thüringen
(Thüringen Lottery) in Germany for
the modernization and maintenance of its central system. Thüringen
Lottery, a World Lottery Association member, has been a valued
customer of IGT (formerly GTECH) since 1996.
Under the contract, which is for seven years with optional
renewals thereafter, IGT will provide Thüringen Lottery with an
evolved central system solution that includes hardware and
technology upgrade, as well as system modularity and improved
third-party access. This project modernizes the current
central system that has successfully powered Thüringen Lottery's
processing, reporting, and transactions for the past 12 years. The
system is expected to launch in the beginning of 2018.
"With this new long-term
contract, Thüringen Lottery will continue to benefit from the
security and reliability of a modernized central system from IGT,
while reducing the costs of future enhancements and offering
overall improved service," said Declan Harkin, IGT Senior Vice President and
Chief Operating Officer, International. "This contract will
ensure the lottery's sustainability and success now and in the
years to come, and represents our ongoing commitment to growing our
presence in the German lottery market."
The IGT platform is a fully integrated lottery central system
for the management, processing, and reporting of games, as well as
commercial and financial transactions. It is quick and easy to
scale up for hosting other multiple jurisdictions, and offers
multitier architecture for easier maintenance and enhanced
performance, open standards, and fast and secure transaction
processing. It provides all the applications and services needed to
operate a world-class lottery, with built-in flexibility that
ensures growth throughout the life of a lottery program.
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,
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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
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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 +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
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SOURCE IGT