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IGT Signs Three-Year Contract Extension with Minnesota State Lottery

Amended contract extends IGT's agreement with Minnesota State Lottery to 2026 and adds distribution of GameTouch™ 20 self-service lottery vending machines for big box retailers



LONDON, Aug. 14, 2019 /PRNewswire/ -- International Game Technology PLC ("IGT") (IGT) announced today that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), has amended its agreement with the Minnesota State Lottery to extend its existing contract for three years through November 2026.

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...

Under the terms of the amended agreement, IGT will install and maintain 100 GameTouch™ 20 self-service lottery vending machines throughout big box retailers in Minnesota. IGT will also continue providing the Minnesota State Lottery with lottery central systems, instant ticket processing system, data center operations, call center, field services, retailer training, and marketing services.

"IGT is helping the Minnesota State Lottery increase our sales footprint and attract new players through the addition of the innovative GameTouch 20s," said Adam Prock, Minnesota State Lottery Executive Director. "Generating more funds for the State and our important beneficiaries is our goal, and introducing modern lottery conveniences like IGT's new self-service vending machines will help us to deliver on our mission and better serve our retail partners and players alike."

"IGT has delivered cutting-edge lottery products and solutions to the Minnesota State Lottery since it became a valued customer of ours in 2003," said Jay Gendron, IGT Chief Operating Officer, Lottery. "We are committed to the Minnesota State Lottery's long-term growth strategy and believe the addition of the GameTouch 20s will complement the Lottery's well-established operation and provide further convenience to players and retailers."

About IGT
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.

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, 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.

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, +39 3485475493; for Italian media inquiries James Hurley, Investor Relations, +1 (401) 392-7190

© 2019 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

 

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