Top News:

close icon

Close

X

International Game Technology PLC Announced that ITHUBA Consortium Commenced Operations Under Third License to Operate South Africa’s National Lottery

  • 10 Jun 2015
  • Will
  • 0

LONDON, U.K. – June 10, 2015 – International Game Technology PLC (“IGT”)
(NYSE:IGT) announced that the South African consortium led by ITHUBA Holdings
Proprietary Limited (ITHUBA) commenced operations of South Africa’s National Lottery
with the first drawing taking place on June 2, 2015. As the licensee, ITHUBA will
operate the National Lottery for a period of eight years, with IGT as ITHUBA’s main
technology supplier for lottery systems and support services.
“IGT is very pleased to be involved once again in South Africa as the technology
solutions provider to the new National Lottery operator,” said Walter Bugno, IGT
International CEO. “We are excited to have gone live with a lottery that has
tremendous growth potential, and, with ITHUBA, that also has the potential to expand
and thrive over the next eight years.”
IGT is providing a comprehensive set of solutions to ITHUBA including the Company’s
Enterprise Series central system and 9,000 Altura® lottery terminals. Additionally,
ITHUBA will receive 1,000 Ticket-Scan® Plus next generation ticket-checking devices,
which allow players to easily and securely check the win status of their lottery tickets.
IGT will also provide ongoing services including software enhancements and
maintenance; software licensing; marketing consultancy; data center operations; and
provision and management of terminal spare parts.
Proceeds from the National Lottery benefit many good causes in South Africa including
the arts, culture, heritage, charities, and sports.
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 forwardlooking
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.


Related Posts