LONDON, June 1, 2015 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE:IGT) announced that its
wholly-owned subsidiary, GTECH Corporation, has entered into an
agreement with the Massachusetts Gaming Commission to provide a
central monitoring system that will monitor up to 20,000 electronic
gaming devices at up to four venues in the Commonwealth, with the
Plainridge Park Casino in Plainville being the first venue. IGT
expects to receive approximately $23
million in revenues over 10 years.
"IGT welcomes the opportunity to assist the Massachusetts
Gaming Commission in building this new and exciting business
endeavor in the Commonwealth," said Michael Chambrello, IGT CEO, North America
Lottery. "We have leveraged more than 20 years of
development expertise along with intelligence gathering and
validation sessions with gaming central system clients throughout
the world to produce a system that meets both their current and
future needs: the INTELLIGEN system. We look forward to working
closely with the Commission to deliver this flexible, secure, and
robust system that will allow them to effectively manage their new
business and help to generate additional revenue for the
Commonwealth."
IGT's INTELLIGEN™ was designed to support new industry
advancements and incorporates full support for the Gaming Standards
Association's Game to System® (G2S™) protocol, as well as existing
industry standard protocols such as SAS. The INTELLIGEN
system will provide the Massachusetts Gaming Commission with the
ability to monitor electronic gaming devices using either SAS or
G2S. The system will also provide the Commission with advanced
security and financial monitoring functionality, which will assist
in ensuring the integrity and transparency of the gaming program in
the Commonwealth.
The implementation in Massachusetts will be IGT's sixth
implementation of the INTELLIGEN system in the United States, following completed
implementations in Kansas,
Maryland and Rhode Island and ongoing implementations in
Oregon and Pennsylvania.
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
generated approximately $6 billion in
revenues in 2014 and has more than 13,000 employees. For more
information, please visit www.merger.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 IGT and other matters. These
statements may discuss goals, intentions and expectations as to
future plans, trends, events, results of operations or financial
condition, or otherwise, based on current beliefs of the management
of IGT 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 are subject to various risks and uncertainties, many of
which are outside IGT'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)
risks that the businesses of International Game Technology and
GTECH S.p.A. will not be integrated successfully, following the
recent completion of their business combination, or that the
combined companies will not realize estimated cost savings, value
of certain tax assets, synergies, growth or other anticipated
benefits or that such benefits may take longer to realize than
expected; risks relating to unanticipated costs of integration of
the two companies; reductions in customer spending; a slowdown in
customer payments and changes in customer demand for products and
services; unanticipated changes relating to competitive factors in
the industries in which the company operates; ability to hire and
retain key personnel; the potential impact of the consummation of
the business combination on relationships with third parties,
including customers, employees and competitors; 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 the company; international, national or local economic,
social or political conditions that could adversely affect the
company or its customers; conditions in the credit markets; risks
associated with assumptions the company makes in connection with
its critical accounting estimates and legal proceedings; and the
company'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 IGT's business, including those described
in IGT's annual report on Form 20-F for the financial year ended
December 31, 2014 and other documents
filed from time to time with the Securities and Exchange Commission
(the "SEC"). Except as required under applicable law, IGT 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
IGT share for the current or any future financial years will
necessarily match or exceed the historical published earnings per
IGT 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 IGT, or persons acting
on its behalf, are expressly qualified in their entirety by this
cautionary statement.
Contact:
Robert K.
Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations,
(401) 392-7190
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
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SOURCE International Game Technology PLC