IGT Announces Four-Year Extension with Svenska Spel for Multichannel Poker Enhancements

Donnerstag, 22.09.2016 12:50 von

PR Newswire

LONDON, Sept. 22, 2016 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") announced that it has signed a four-year contract extension to enhance the suite of interactive multichannel poker products it provides to AB Svenska Spel, the Company's lottery customer in Sweden and operator of the world's fifth-largest ring-fenced market poker site according to pokerscout.com. Svenska Spel is exercising a four-year extension provided under its contract with IGT signed as part of a competitive procurement in 2013.

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...

"For a decade now, Svenska Spel has successfully worked with IGT to offer the Swedish public a fun and safe interactive poker product," said Lennart Käll, CEO of Svenska Spel. "Choosing partners with innovative, marketing-leading products is essential to responsibly meeting our customers' needs."

"By leveraging industry best practices and our experience as a successful B2C operator in the Italian interactive market, IGT's enhanced multichannel suite of interactive poker products will help Svenska Spel to reach a broader player base," said Declan Harkin, Senior Vice President and Chief Operating Officer, IGT International. "IGT's best-in-class mobile and tablet user interface ensures that the customer can provide its players with a safe, responsible, and entertaining experience anytime, anywhere."

Under the terms of the contract extension, IGT will enhance its multichannel suite of interactive poker products across desktop, Android smartphone, Android tablet, iPad and iPhone with a new user-friendly graphical interface, new game formats, and tournament variations. Enhancements include IGT's U.S. patent-pending Poker Challenge tournament format, which appeals to novice and expert players alike, and Character-Based Cash Tables. The suite of poker products is powered by IGT's new poker solution, which consists of IGT's new poker engine and the IGT Connect platform.

IGT, as legacy GTECH, began providing Svenska Spel with fully customizable poker software in 2006 and video lottery gaming solutions in 1996. Svenska Spel also uses IGT's Casinolink system and slot machines at its land-based casinos.

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 over 12,000 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 International Game Technology PLC 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 International Game Technology PLC 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 International Game Technology PLC'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) the possibility that the businesses of International Game Technology (Nevada) 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; unanticipated costs of integration of International Game Technology (Nevada) and GTECH S.p.A.; the possibility that International Game Technology PLC will be unable to pay future dividends to shareholders or that the amount of such dividends may be less than anticipated; the possibility that International Game Technology PLC may not obtain its anticipated financial results in one or more future periods; reductions in customer spending; a slowdown in customer payments and changes in customer demand for products and services as a result of changing economic conditions or otherwise; unanticipated changes relating to competitive factors in the industries in which International Game Technology PLC operates; International Game Technology PLC's ability to hire and retain key personnel; the impact of the consummation of the business combination on relationships with third parties, including customers, employees and competitors; International Game Technology PLC's 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 International Game Technology PLC, including as a consequence of the announced withdrawal of the U.K. from the EU; international, national or local economic, social or political conditions that could adversely affect International Game Technology PLC or its customers; conditions in the credit markets; changes in the top management team; risks associated with assumptions International Game Technology PLC makes in connection with its critical accounting estimates; the resolution of pending and potential future legal, regulatory or tax proceedings and investigations; and International Game Technology PLC'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 International Game Technology PLC's business, including those described in International Game Technology PLC's annual report on Form 20-F for the financial year ended December 31, 2015 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 International Game Technology PLC's website at www.IGT.com. Except as required under applicable law, International Game Technology PLC 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 International Game Technology PLC share for the current or any future financial years will necessarily match or exceed the historical published earnings per International Game Technology PLC 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 International Game Technology PLC, 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

Logo - http://photos.prnewswire.com/prnh/20150406/196736LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/igt-announces-four-year-extension-with-svenska-spel-for-multichannel-poker-enhancements-300332338.html

SOURCE IGT