LONDON, June 1, 2016 /PRNewswire/ -- International
Game Technology (NYSE: IGT) announced that it has entered into a
two-year extension agreement with AB Svenska Spel, the Company's
lottery customer in Sweden, to
continue providing the Company's INTELLIGEN™ video lottery terminal
(VLT) core central system for monitoring and control of its
existing VLT program. Svenska Spel is exercising a two-year
extension, effective June 2017 and
provided under the contract awarded to IGT in 2007 as part of a
competitive procurement process.
"Svenska Spel operates one of the most modern and innovative
VLT programs in the world, and the INTELLIGEN core central system
ensures they have full control over the complexity, security, and
integrity of their VLT network," said Declan Harkin, Senior Vice President and Chief
Operating Officer, IGT International. "Since 2009, we've
deployed 24 INTELLIGEN systems to forward-thinking World Lottery
Association (WLA) customers like Svenska Spel, making us the
leading provider of VLT central systems to global
lotteries."
Under the contract extension, IGT will continue providing
Svenska Spel with the INTELLIGEN VLT core central system to monitor
approximately 6,000 VLTs in 1,900 restaurants, pubs, and bingo
halls across Sweden through to
June 2019. Svenska Spel also has the
option to purchase new games and VLTs as part of the agreement.
Built on more than 20 years of proven central system experience,
INTELLIGEN's new, modern architecture offers stable, secure command
and control capability and responsible gaming features uniquely
tailored to VLT gaming environments. It interoperates with a wide
range of VLTs using multiple protocols, including the Game to
System® (G2S®) open standard protocol, and
has advanced communication abilities.
IGT, as legacy SPIELO, began providing Svenska Spel with video
lottery gaming solutions in 1996, and with fully customisable poker
software as legacy GTECH in 2006. Svenska Spel also uses IGT's
Casinolink™ system and slot machines at its land-based
casinos.
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.
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, dividends, 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) the possibility that the
businesses of International Game Technology and GTECH S.p.A. will
not be integrated successfully, or that the combined companies will
not realize estimated cost savings, synergies, growth or other
anticipated benefits or that such benefits may take longer to
realize than expected, or that the Company will incur unanticipated
costs in connection with the integration; the possibility that the
Company will be unable to pay future dividends to shareholders or
that the amount of such dividends may be less than anticipated; the
possibility that IGT may not obtain its anticipated financial
results in one or more future periods; reductions in customer
spending; a slowdown in customer payments and changes in customer
demand for products and services as a result of changing economic
conditions or otherwise; unanticipated changes relating to
competitive factors in the industries in which the Company
operates; the Company's ability to hire and retain key personnel;
the impact of the consummation of the business combination on
relationships with third parties, including customers, employees
and competitors; the Company's 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; the resolution of pending and potential
future legal, regulatory or tax proceedings and investigations; 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, 2015 and other documents
filed from time to time with the Securities and Exchange Commission
(the "SEC"), which are available on the SEC website at www.sec.gov
and on the investor relations section of IGT's website at
www.IGT.com. 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, toll free in
U.S./Canada (844) IGT-7452;
outside U.S./Canada (401)
392-7452
James Hurley, Investor Relations,
(401) 392-7190
Simone Cantagallo, (+39) 06 51899030
for Italian media inquiries
© 2016. IGT.
GAME TO SYSTEM is a trademark of Gaming Standards
Association
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