LONDON, Dec. 12, 2018 /PRNewswire/ -- International Game Technology PLC (IGT) (IGT) announced that its subsidiary IGT Global Solutions Corporation (hereinafter "IGT"), will extend its contract with the Tennessee Education Lottery Corporation. The Lottery's Board of Directors authorized the Lottery to exercise three out of seven extension years of its original contract. Pursuant to the extension, IGT will provide GameTouch™ 20 terminals and additional Keno-To-Go products. The extension will run through June 30, 2025.
The GameTouch 20 is IGT's newest self-service lottery vending machine, built specifically to meet big box retailer requirements. In addition to the GameTouch 20s, IGT will provide additional self-service lottery machines and Keno monitors and video controller units, giving lottery players greater game awareness of the Lottery's Keno-to-Go product in social environments throughout Tennessee.
"By installing the GameTouch 20 terminals into some of our biggest retailers in the state, IGT is helping us expand our sales footprint and attract new players with its latest innovations," said Rebecca Hargrove, Tennessee Education Lottery Corporation President and CEO. "We are excited to implement IGT's latest self-service vending machines and for the benefits it brings to our retailers and players. We look forward to continuing our valued partnership for years to come."
"We are committed to the Tennessee Lottery's long-term growth strategy, and as part of this contract extension, we will provide further convenience for retailers and players through the new GameTouch 20 vending machines and expanded Keno products," said Jay Gendron, IGT Chief Operating Officer, Lottery. "IGT has delivered cutting-edge lottery products and solutions to the Tennessee Lottery since the Lottery's inception in 2004, and has helped the Lottery return more than $4.7 billion to educational programs in the state. We are very pleased to be able to continue to work together to achieve its goals."
IGT also provides the Tennessee Lottery with lottery central systems, data center operations, network and field services, retail sales and support, call center, and marketing services.
IGT (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 Digital 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 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 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, 2017 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. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that financial performance of the Company for the current or any future financial years will necessarily match or exceed the historical published financial performance of the Company, 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 its entirety by this cautionary statement.
Robert K. Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations, (401) 392-7190
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries
View original content to download multimedia:http://www.prnewswire.com/news-releases/igt-helps-tennessee-education-lottery-corporation-expand-into-new-retail-channels-through-three-year-contract-extension-300764556.html