LONDON, April 21, 2020 /PRNewswire/ -- International Game
Technology PLC (NYSE: IGT) today announced that its subsidiary, IGT
Global Solutions Corporation (hereinafter "IGT"), signed a six-year
contract with the Virginia Lottery to provide Scratcher tickets,
strategic planning and services, following a competitive
procurement. Under the agreement, IGT will become the primary
vendor for instant ticket games for the first time in Virginia and will print, on average, 90
percent of the Lottery's Scratcher tickets annually. The contract
will run through June 30, 2026 and
includes the option to extend for up to four additional years.
"Together with IGT's industry expertise and innovative
thinking, we will bring fresh game concepts to the Virginia
Lottery's Scratchers portfolio that will help us achieve our
business goals," said Kevin Hall, Virginia Lottery Executive
Director. "We look forward to collaborating on games and
initiatives that ultimately support our mission of generating
revenue for Virginia's K-12 public
schools."
"Since 2009, IGT's printing business, unique same-store sales
capabilities and provision of top-indexing games such as Crossword
Tripler, Super Triple 7s, and IGT's exclusive Super Ticketâ„¢ have
contributed to the Virginia Lottery's sales growth," said
Jay Gendron, IGT Chief Operating
Officer, Lottery. "As the Lottery's primary instant ticket
vendor, we will print most of its Scratchers, allowing IGT to
showcase more proprietary content, deliver unrivaled gaming
experiences for players, and demonstrate our dedication to
world-class customer service and quality."
Under the terms of the contract, IGT will deliver a
comprehensive range of instant ticket services to benefit the
Virginia Lottery including portfolio planning, marketing insights,
analytics, graphics support, and the production and printing of
instant tickets. These services will foster the long-term success
for the Lottery and deliver innovative content for players.
In addition to printing instant tickets and its related
services, IGT has provided gaming equipment to the Virginia Lottery
since 2000 and has been warehousing and distributing instant
tickets for the Lottery since 2004. In 2007, the partnership
expanded to include the Lottery's primary gaming system.
About IGT
IGT (NYSE:IGT) is the global leader in
gaming. We deliver entertaining and responsible gaming experiences
for players across all channels and regulated segments, from Gaming
Machines and Lotteries to Sports Betting and Digital. Leveraging a
wealth of compelling content, substantial investment in innovation,
player insights, operational expertise, and leading-edge
technology, our solutions deliver unrivaled gaming experiences that
engage players and drive growth. 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 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
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, 2019 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 the financial
performance of International Game Technology PLC for the current or
any future financial years will necessarily match or exceed the
historical published financial performance or International Game
Technology PLC, 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:
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
© 2020 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 International Game Technology PLC