IGT PlaySports™ technology selected to power
Betfred's first sportsbook in Nevada
LONDON, Feb. 13,
2023 /PRNewswire/ -- International Game Technology
PLC ("IGT") (NYSE: IGT) announced today that the Company expanded
its sports betting footprint in Nevada via a multi-year PlaySports technology
agreement with long-time sports betting operator, Betfred. Under
the terms of the agreement, Betfred is leveraging IGT PlaySports
technology to power retail and mobile sports betting at the Mohegan
Sun Sportsbook inside Virgin Hotels Las Vegas, part of Curio
Collection by Hilton. This agreement underpins the first
IGT-powered Betfred sportsbook in the U.S. and Betfred's entry into
the Nevada betting market.
"IGT PlaySports' remarkable reputation and influence in the
U.S. sports betting market, coupled with their ability to navigate
complex regulatory environments, give Betfred supreme confidence in
our choice to partner with IGT in Nevada," said Bryan Bennett, COO of Betfred USA Sports. "IGT PlaySports'
experienced, in-market team and proven technology will enable
Betfred to scale our operation in parallel with market
opportunities and to establish a competitive and engaging betting
experience in the most exciting gaming destination in the
world."
"I attended the recent Gaming Control Board hearing to see
Fred Done in person. He is a legend
in bookmaking and Betfred is one of the most legendary brands in
the sports betting industry. It's an honor to work with Fred's team
in the U.S. as they introduce the Betfred product in Nevada," said Joe Asher, IGT President of Sports
Betting. "IGT PlaySports looks forward to applying our vast
experience in Nevada and beyond to
help Betfred create a successful sportsbook that will appeal to
local sports fans and visitors alike."
Betfred will first introduce retail betting, then look to
follow-up with a mobile launch in the future. IGT is powering
sports betting at more than 80 gaming venues across the U.S. and
Canada. For more information visit
igt.com/playsports or follow us on LinkedIn.
About IGT
IGT (NYSE: IGT) is a global leader in
gaming. We deliver entertaining and responsible gaming experiences
for players across all channels and regulated segments, from
Lotteries and Gaming Machines 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 10,500
employees. For more information, please visit www.igt.com.
About Betfred USA
SPORTS
Betfred USA Sports
is the wholly owned U.S. subsidiary of Betfred Group, a
Warrington, United Kingdom-based
bookmaker that owns and operates over 1,400 betting shops in the UK
as well as industry-leading online and mobile products in the UK
and South Africa. Betfred Group,
founded by brothers Fred and Peter
Done in 1967, created Las
Vegas-based Betfred USA
Sports in 2019 to enter the robust and ever-expanding U.S. sports
betting market. Betfred USA Sports
is licensed in Iowa, Pennsylvania, Colorado,
Louisiana, Arizona, Washington,
Maryland, Virginia, Ohio and Nevada.
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, 2021 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 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 06 5189 9184;
for Italian media inquiries
James Hurley, Investor Relations, +1
(401) 392-7190
© 2022 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