LONDON, Aug. 3, 2020 /PRNewswire/ -- International Game
Technology PLC (NYSE: IGT) today announced that it will boost its
momentum in the growing U.S. sports betting market through a
multi-year agreement with leading sports betting and iGaming
provider, FanDuel Group. Under the terms of the agreement, IGT's
PlaySports platform will power all of FanDuel Group's new and
existing retail FanDuel Sportsbooks across the U.S. through
September 2024. Additionally, FanDuel
Group agreed to offer IGT PlayDigital's PlayCasino games in states
where FanDuel Group online casinos operate.
The multi-year agreement builds on IGT and FanDuel Group's
successful technology partnership that currently extends across
nine U.S. states and includes the FanDuel Sportsbook at Meadowlands
Racing and Entertainment in East
Rutherford, N.J. — the country's highest-volume
sportsbook. The agreement also expands the distribution of IGT
PlayDigital's PlayCasino games that span slots, blackjack, roulette
and more. FanDuel Group is currently leveraging top-performing IGT
PlayCasino games such as Wheel of Fortune® Triple
Extreme Spin, Triple Red Hot 7s Free Games, and Red Hot
Tamales!® within its mobile wagering apps and websites
in New Jersey and Pennsylvania.
"IGT's PlaySports platform has been integral to FanDuel
Sportsbook's expansion in the U.S., as we currently leverage it to
power America's #1 Sportsbook," said Matt King, FanDuel Group CEO. "IGT is the
strategic partner that we will lean on to help us expand our retail
footprint across the U.S. IGT's PlaySports platform enables us to
create an intuitive, technologically driven customer experience at
our world-class retail sportsbooks for our customers, while its
PlayCasino content enables FanDuel to deliver premium mobile casino
entertainment in new and existing markets."
"IGT's multi-faceted, multi-year PlaySports platform
technology and iGaming content agreement with FanDuel Group pairs
the leading content and B2B sports betting provider with one of
America's most respected sports betting operators to propel an
already winning partnership to new levels and create an abundance
of opportunity for both parties," said Enrico Drago, IGT PlayDigital Senior Vice
President. "IGT and FanDuel Group are positioned for
continued success in the U.S. and we are committed to fueling
FanDuel Sportsbooks' sustained growth through our proven,
market-ready platform, player-preferred game content and
self-service betting technologies."
Since 2018, IGT and FanDuel Group have together achieved a range
of significant performance milestones such as:
- Launching FanDuel Retail Sportsbooks in eight U.S. states,
including New Jersey, New York, Pennsylvania, West
Virginia, Iowa, Indiana, Michigan, and
Mississippi.
- Launching online sportsbooks in five U.S. states, including New
Jersey, Pennsylvania, West Virginia, Indiana
and Colorado.
- Operating the largest volume retail sportsbook in the U.S. at
Meadowlands Racing and Entertainment in East Rutherford, N.J.
- Deploying more than 200 IGT PlaySports self-service kiosks at
FanDuel Sportsbooks across the U.S.
- Leveraging high-performing PlayCasino slot and table games to
fuel FanDuel's mobile leadership in New
Jersey and Pennsylvania and
drive strategic growth across the entire mobile segment.
For more information, go to Facebook at facebook.com/IGT, follow
us on Twitter at twitter.com/IGTnews, or watch IGT videos on
YouTube at youtube.com/igt. To learn why winners choose IGT
PlaySports, visit IGT.com.
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 presentation 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,"
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"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
uncertainty of the duration, extent and effects of the COVID-19
pandemic and the response of governments, including
government-mandated property closures and travel restrictions, and
other third parties on the Company's business, results of
operations, cash flows, liquidity and development prospects and 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 All
forward-looking statements contained in this presentation 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
Michelle Schenk, Global
Communications, +1 (702) 669-8177
© 2020 IGT
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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