Company will add cashless functionality to over 10,000 retail terminals; deliver end-to-end lottery and iLottery system upgrades with cloud capabilities
LONDON, Oct. 12, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a seven-year contract extension with the Georgia Lottery Corporation ("Georgia Lottery") to deploy its world-class lottery and iLottery products and technology, enhancing the modernization of the Georgia Lottery's offerings. The contract extension will run through September 2032.
"IGT has been a trusted growth partner with the Georgia Lottery since our inception in 1993, helping us proudly transfer more than $25 billion to the Georgia Treasury's Lottery for Education account," said Gretchen Corbin, Georgia Lottery Corporation President and CEO. "The added technology and functionality IGT is providing will not only enhance the player experience, but will drive significant, incremental value for our state and the beneficiary programs the Georgia Lottery supports."
"As one of the most successful lotteries in the U.S., the Georgia Lottery has relied on IGT to deliver growth-driving lottery products for nearly 30 years," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "The Georgia Lottery has consistently embraced the evolving lottery landscape with ease, seeing the many benefits of IGT's innovative solutions. The deployment of IGT's industry-leading cashless technologies, advanced lottery and iLottery system upgrades and new retail hardware as part of this contract extension will support the Lottery's plans for future growth."
As part of the contract extension, IGT will install cashless functionality on more than 10,000 point-of-sale retail terminals, enabling players to purchase lottery with a debit card. Customer-facing ticket scanners will also be implemented on more than 10,000 retail terminals to support player-initiated transactions including QR codes, digital playslips and other digital offers.
IGT will also install more than 4,400 new high-performing Retailer Pro lottery terminals and related equipment in retail locations. In addition, IGT will replace 600 self-service vending machines currently in the field with its GameTouch™ 28 self-service vending machine, a trusted solution for high-volume retailers that provides a dynamic user experience and increased flexibility for players.
Additionally, IGT will deliver upgrades to the Georgia Lottery's lottery and iLottery central system. These upgrades would include the ability to migrate components of each system to the cloud. Among many benefits, cloud technology would offer the Georgia Lottery dynamic scalability and a reduced time to market for system enhancements. It also facilitates faster and easier integration of data and insights as a further enrichment to the overall player experience.
As the global lottery market leader, IGT is the primary technology provider to eight of the world's largest 10 lotteries and 16 of the world's top 25 lotteries. For more information, visit IGT.com and follow us on Facebook and LinkedIn.
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. 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 10,500 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, 2021 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. 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.
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SOURCE International Game Technology PLC