LONDON, July 16, 2018 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE: IGT) announced that IGT will be
FanDuel Group's sports betting platform provider for the newly
regulated U.S. market in the state of New
Jersey.
The partnership brings together the technological expertise in
U.S. sports betting of the largest B2B gaming company in the world
- IGT, with that of the largest sports gaming companies in the U.S.
- FanDuel Group. FanDuel is a subsidiary of Paddy Power Betfair, a
leading international sports betting and gaming operator.
FanDuel will leverage Paddy Power Betfair's leading pricing,
trading and risk management capabilities, which have been
integrated into the IGT platform, along with a bespoke user
interface to offer a best-in-class consumer experience. The joint
solution operates under the widely known FanDuel brand as FanDuel
Sportsbook.
FanDuel will initially operate at Meadowlands Racetrack in
East Rutherford, N.J., enabling
guests to place sports bets over the counter via IGT technology.
The offering will be expanded over the coming months to include
self-service kiosks and other retail services, as well as FanDuel
Sportsbook-branded online and mobile wagering, also using the IGT
technology.
"We are delighted to choose IGT's leading platform for our
sports betting platform in New
Jersey, starting with the recent 'go live' at the
Meadowlands Racetrack," said Matt
King, FanDuel Group CEO. "When we evaluated sports
betting platform provider partners in the U.S., IGT was the ideal
choice, based on the Company's proven history in the space and the
quality, reliability and flexibility of the sports betting
technology that it has deployed for customers around the
world."
"IGT's sports betting technology combined with the expertise
of FanDuel represents two experienced, complementary sports betting
companies coming together to create a reliable, world-class sports
betting experience in New
Jersey," said Enrico
Drago, IGT Senior Vice President Interactive, Sports
Betting, Licenses. "As sports betting in the U.S. continues
to evolve, IGT is prepared to address the needs of its partners
through proven solutions and technologies that can be deployed
today to advance sports betting across land-based and mobile
platforms."
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.
About FanDuel Group
FanDuel Group is an innovative
sports-tech entertainment company that is changing the way
consumers engage with their favorite sports, teams, and leagues.
The premier gaming destination in the
United States, FanDuel Group consists of a portfolio of
leading brands across gaming, sports betting, daily fantasy sports,
advance-deposit wagering, and TV/media, including FanDuel, Betfair
US, DRAFT, and TVG. FanDuel Group has a presence across 45 states
and 8 million customers. The company is based in New York with offices in California, New
Jersey, Florida,
Oregon, and Scotland. FanDuel Group is a subsidiary of
Paddy Power Betfair plc, a leading international sports betting and
gaming operator and a constituent of the FTSE 100 index of the
London Stock Exchange.
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. 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.
IGT Contacts:
Robert K.
Vincent, Corporate Communications, toll free in
U.S./Canada (844) IGT-7452;
outside U.S./Canada (401)
392-7452
Michelle Schenk, Global
Communications, Gaming (702) 669-8177
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
James Hurley, Investor Relations,
(401) 392-7190
© 2018 IGT. All other trademarks used herein are owned by IGT or
its affiliates, may not be used without permission, and where
indicated with a ®, are registered in the U.S. Patent and Trademark
Office.
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SOURCE IGT