PR Newswire
LONDON, Jan. 22, 2024
Company to upgrade central lottery system, replace 5,500 retail point-of-sale terminals and upgrade communications network to cellular
LONDON, Jan. 22, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT, Financial) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a three-year contract extension with the Virginia Lottery. The extension, when added to the full duration of the contract, will run through October 2033, and in addition makes available three, one-year extension options. IGT will provide the Virginia Lottery with an upgraded lottery central system and communications network, new point-of-sale hardware, and exciting gameplay features with a target live date of October 2025.
"Since first partnering with the Virginia Lottery in 2000, IGT has helped us responsibly modernize our lottery offerings and drive sales growth for our business," said Tony R. Russell, Virginia Lottery Interim Director. "We look forward to IGT's enhancements to our system and point-of-sale technology that will ultimately support our mission to generate revenue for Virginia's K-12 public education."
"IGT has worked closely with the Virginia Lottery for more than 20 years to deliver world-class, innovative lottery solutions and services," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "The upgraded technology being deployed for the Virginia Lottery as part of our latest extension will offer increased flexibility for the Lottery to easily manage its back-end operations. Additionally, the introduction of a progressive jackpot feature to the Lottery's Print 'n Play games will provide players with engaging new experiences."
Under the terms of the contract extension, IGT will upgrade the Virginia Lottery's central retail system to its newest version of Auroraâ„¢, part of IGT's OMNIAâ„¢ lottery solution. IGT also will replace 5,500 retailer terminals with its high-performance, high-volume terminal, the Retailer Pro S2, enabling the Lottery to easily add new features across multiple point-of-sale terminals simultaneously. IGT has been the primary lottery technology partner to the Virginia Lottery since 2000 and its primary instant ticket provider since 2020.
As the global lottery market leader, IGT is the primary technology provider to 25 lotteries in the U.S., eight of the world's 10 largest lotteries and 16 of the world's top 25 lotteries. For more information, visit IGT.com and follow us on Facebook and LinkedIn.
About IGT
IGT (NYSE:IGT, Financial) 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 jurisdictions 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.
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, 2022 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, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190
© 2024 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
