LONDON, March 11, 2016 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE: IGT) announced that its
subsidiary, IGT Global Solutions Corporation, has signed a Gaming
System and Related Services Agreement (Agreement) with the North
Carolina Education Lottery (NCEL) to provide a new draw-based
central system, new lottery terminals, as well as player
self-service vending machines, a multifaceted communications
network, and ongoing services. The Agreement, with an initial term
of 10+ years from "Go-Live" on April 1,
2017 until June 30, 2027,
allows for a five-year extension option until June 30, 2032, and is the result of a competitive
procurement. The NCEL has been a valued IGT customer since
the NCEL launched the lottery in 2006.
"We are grateful to be aligned with the NCEL in innovating
its business and achieving consecutive years of record success, and
we welcome the opportunity to support the NCEL in ushering in its
next exciting chapter," said Michael Chambrello, IGT CEO, North America
Lottery. "We look forward to furthering our
partnership, helping to increase contributions to education, and
bringing the greatest value to North Carolinians as we help the
NCEL reach and exceed its next set of strategic goals."
"The Education Lottery's partnership with IGT during its
first 10 years of operations is one of the major reasons it has
succeeded in increasing both sales and earnings every year,"
said Alice Garland, Executive
Director of the NCEL. "With our new partnership, the lottery
will get the systems and equipment it needs to work more
effectively and efficiently for its players, its retail partners
and the good cause it serves. By working together, the next 10
years can be as successful as the first."
Under the terms of the Agreement, IGT will provide the NCEL with
industry-leading tools including components of IGT's Aurora™
platform. Aurora Open Retail (f/k/a NEOS), a new retail solution
software architecture, will enable the NCEL to support multiple
types of retailer solution devices in an efficient manner,
improving time to market. Additionally, the NCEL will receive
Aurora Navigator (f/k/a NVISION) back-office applications for
lottery personnel who will have the ability to customize the look
and feel of the interface to meet their exact needs, help them
better manage their business, and enhance productivity.
The NCEL will also receive IGT's Altura™ Flex draw-based lottery
terminal which features a highly-configurable platform derived from
the successful Altura GT1200 product, and a smaller footprint. A
new reader for play slips is designed to reduce maintenance cycles
and improve throughput. A high-resolution wide-screen retailer
display will enhance the ease of use and productivity of
retailers.
Moreover, the Gemini™ Touch, IGT's new self-service lottery
vending machine, provides fully customizable screens, allowing the
NCEL to showcase its brand identity and creatively display content
that is unique and inviting. Up to 28 instant-ticket games are
supported and the number of draw games is configurable based on the
NCEL's needs.
The latest ES MultiMedia digital advertising display solution
will be provided to stimulate increased brand awareness, winner
awareness, and player recognition of jackpots and game activities,
directly at the point-of-sale. The communications network will be
replaced with a combination of VSAT technology and the IGT-patented
Dual Comm Inside, offering the highest network availability in the
lottery industry.
IGT will maintain its primary data center to be co-located with
the NCEL's new facility in Raleigh, providing services to the NCEL
including installation and maintenance of the new central system,
terminals, and communications network; retailer training; and field
services. IGT will continue to provide backup data center services
from its Data Center of the Americas facility located in
Austin, Texas.
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 has approximately 13,000 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 IGT 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 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, 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; risk that the Company will be unable to pay
future dividends to shareholders or that the amount of such
dividends may be less than anticipated; 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"), which are available on the SEC website at www.sec.gov and
on the investor relations section of IGT's website at www.IGT.com.
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.
Contact:
Robert K.
Vincent, Corporate Communications, toll free in
U.S./Canada (844) IGT-7452;
outside U.S./Canada (401)
392-7452
James Hurley, Investor Relations,
(401) 392-7190
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
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SOURCE IGT