LONDON, Dec. 4, 2019 /PRNewswire/ -- International Game
Technology PLC (NYSE: IGT) announced that its subsidiary, IGT
Global Services Limited (hereinafter "IGT"), has signed a 10-year
extension to its existing agreement to provide its Private
Management Lottery services to the four license holders and
beneficiaries of The Barbados Lottery.
The extension enables IGT to continue to provide its current
private management lottery services, including its industry-leading
sales, marketing, advertising, and retail agent services. As part
of IGT's ongoing services under the original agreement, it will
deploy new retail terminals and ticket checkers, and will introduce
self-service vending machines to the market. IGT will also continue
to provide peripheral equipment for social space games, which are
numbers games displayed on a monitor and played in settings like
bars and restaurants.
IGT has operated The Barbados Lottery since the Lottery's
inception in 2005. Through its partnership with Lottery
beneficiaries the Barbados Olympic Association, the Barbados
Cricket Association, the Barbados Turf Club, and the National
Sports Council, IGT has helped these national organizations achieve
essential revenues to support their individual
missions.
In a joint statement, Lottery beneficiary
officials Sandra Osborne,
President of the Barbados Olympic Association; Conde Riley, President of the Barbados Cricket
Association; Rosette Peirce, CEO of
the Barbados Turf Club; and Neil
Murrell, Acting Director of Sports, the National Sports
Council said, "Our long-term partnership with IGT has proven
to be the major driving force behind our ability to consistently
contribute to the development of sports, youth, and cultural
programs in Barbados. A
significant portion of our organizations' income is derived from
IGT-generated revenues, and it is these funds that enable us to
deliver vital programs for all Barbadians to enjoy. This extended
partnership with IGT is the proven and optimal way in which we can
boost our revenues and sustain programs well into the future. We
are excited to continue our partnership with IGT for years to come
as we continue to focus on our missions and foster the development
of our Barbadian talent."
"This amendment to extend our private management lottery
services in Barbados demonstrates
all four beneficiaries' confidence in IGT's expertise in
responsibly growing the Lottery," said Declan Harkin, IGT Chief Operating Officer,
International Lottery. "We look forward to enhancing this
robust program through new and existing solutions that engage
players, drive growth, and generate funds for good causes that
ultimately benefit all Barbadians."
The amendment extends IGT's current agreement from 2023 through
to 2033 and includes a provision for two additional five-year
renewal terms. As part of the agreement, IGT will continue to
provide a full suite of its world-class technology to support
transaction processing and retail requirements, supported by its
industry-leading marketing, advertising, retail sales, and draw
show solutions and content deployment.
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
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"potential," "predict," "project" or the negative or other
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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, 2018 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. Nothing in this news release is
intended, or is to be construed, as a profit forecast or to be
interpreted to mean that financial performance of the Company for
the current or any future financial years will necessarily match or
exceed the historical published financial performance of the
Company, 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 its entirety by this cautionary statement.
Contact:
Phil O'Shaughnessy, Global
Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside
U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 3485475493; for
Italian media inquiries
James Hurley, Investor Relations, +1
(401) 392-7190
© 2019 IGT
The trademarks and/or service marks used herein are either
trademarks or registered trademarks of IGT, its affiliates or its
licensors.
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SOURCE IGT