IGT Inks Long-Term Contract with Colorado Lottery to Enhance Retailer and Player Solutions
Company will deploy new lottery central system, upgrade all retailer equipment and launch a mobile convenience app with Scan and Redeem as part of seven-year contract
LONDON, July 8, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a seven-year contract with the Colorado Lottery to install all-new world-class products and solutions. The contract is expected to run through July 12, 2032, and includes seven, one-year extension options.
As part of the new contract, the Colorado Lottery will receive IGT's Aurora™ central system, replacing the current lottery central system. Aurora is part of IGT's OMNIA™ integrated lottery solution, which will provide the Lottery with new insights through a single player view, which can enhance its product portfolio and improve marketing communications while delivering Colorado Lottery players with a true omnichannel experience.
"We are looking forward to replacing our current equipment with IGT's most advanced technology, providing more convenient options for players and achieving continued sales growth and funding Colorado's great outdoors," said Tom Seaver, Colorado Lottery Director.
"IGT is thrilled to continue working with the Colorado Lottery and delivering high-performing products that will contribute to growing its business," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "OMNIA, along with the upgrades to retailer equipment and new mobile convenience app, will provide the Lottery with actionable data and tools to manage daily operations and offer players with enhanced retail and mobile experiences."
Additionally, IGT will upgrade all lottery retailer equipment across the State and deploy a new mobile convenience app featuring Scan and Redeem functionality. IGT's Scan and Redeem solution will enable Colorado Lottery players to scan a draw-based or instant scratch ticket with their mobile app to redeem winnings directly into their linked bank account, via automated clearing house (ACH) transfer.
As the global lottery market leader, IGT is the primary technology provider to 26 of the 46 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 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 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.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 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, products and services, customer relationships, 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, 2023 and other documents led 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
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SOURCE International Game Technology PLC
