Company's advanced lottery products and services will provide improved gaming experiences for players
LONDON, Oct. 7, 2019 /PRNewswire/ -- International Game Technology PLC (IGT) announced that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), signed a five-year contract with the Oregon State Lottery to upgrade its central gaming system and provide, through a product sale, enhanced retailer equipment including self-service vending machines that will improve player experience. The contract will commence upon system go-live and allow for two five-year extension options.
IGT will convert the Lottery's current central system to Aurora®, IGT's comprehensive software platform that allows for system reliability, integrity, performance, and security with a user-friendly design to improve productivity. Included in the upgrade will be Order Wizard and Performance Wizard which offer enhanced business intelligence and analytics tools to maximize sales growth. IGT's Instants Processing System will also be implemented to support all aspects of the Lottery's instant ticket program including game inventory, distribution, and validation. In addition, the Lottery will purchase a wide variety of retailer technology, including IGT's newest self-service vending machine, GameTouch™ 20.
"IGT is a longtime partner of the Oregon Lottery," said Oregon Lottery Director Barry Pack. "We look forward to IGT delivering its latest technology to modernize our central system – allowing us to attract new players and implement new strategies for revenue growth."
"The Oregon Lottery will benefit from the security and reliability of IGT's enhanced central system, Aurora, that will help evolve, grow, and manage the lottery business to ensure maximum profits are returned to good causes in the state," said Jay Gendron, IGT Chief Operating Officer, Lottery. "IGT is committed to supporting the growth and innovation of its customers, and we're pleased to be continuing our long-term partnership with the Oregon Lottery."
The Oregon Lottery has been a customer of IGT's since the Lottery's inception in 1985. In addition to the Aurora central system and products outlined above, IGT provides the Lottery with instant ticket games and services, video lottery terminals, and its video gaming system.
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 over 12,000 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, 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, 2018 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.
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
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James Hurley, Investor Relations, +1 (401) 392-7190
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