International Game Technology PLC Announces Award to its Subsidiary for Seven-Year Contract from the Wisconsin Lottery
- 16 Jul 2015
LONDON, July 16, 2015 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced that its subsidiary GTECH Corporation (the “Company”) has been notified of the intent to be awarded a seven-year contract by the Wisconsin Lottery to provide bundled lottery solutions and services. This includes a new draw-based and instant-ticket lottery system, full-service lottery terminals, self-service and multimedia products, instant-ticket printing, warehousing, distribution, and telemarketing, as well as a communications network. The intent to award follows a competitive procurement with the Company receiving the best overall score.
“The Wisconsin Lottery has achieved five consecutive years of increased sales and has made tremendous contributions to property tax relief in Wisconsin,” said Michael Chambrello, CEO, North America Lottery, for IGT. “We believe that this contract demonstrates our commitment to the Wisconsin Lottery and the citizens they serve.”
Following contract execution and a 15-month conversion period, the Company will provide the Lottery with the latest version of its Enterprise Series (ES) solution, offering a robust, secure, and flexible system built to power the Lottery’s business today and grow along with their evolving needs. Additionally, the Company will replace the existing terminal base with its Altura® GT1200, which offers a modernized, highly reliable, and easy-to-use sales platform.
Moreover, the contract also includes the Gemini® Ultra Instant Ticket Vending Machine and ES MultiMedia displays that will transmit and manage Lottery information, advertisements, and promotions directly to players at the point-of-sale. Ticket-Scan® Plus, the Company’s self-service ticket checker, will allow players to check the win status of their own draw-based and instant tickets.
The Company is increasing its scope of responsibility under a combined – or bundled – scope of services, and will provide instant-ticket printing, warehousing, distribution, and telemarketing services. In addition, ongoing services to the Wisconsin Lottery will include installation and maintenance of the central system, terminals, and communications network; retailer training; field services; and hotline services.
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 more than 13,000 employees. For more information, please visit www.merger.igt.com.
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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, 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.