Sports betting

IGT Signs Four-Year Contract Extension with New York Lottery to Continue as Primary Technology Supplier

Retrieved on: 
Tuesday, August 30, 2022

LONDON, Aug. 30, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a four-year contract extension with the New York Lottery, one of the most successful lotteries in the U.S. This agreement extends the current contract to August 2026.

Key Points: 
  • LONDON, Aug. 30, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a four-year contract extension with the New York Lottery, one of the most successful lotteries in the U.S.
  • IGT will also continue to provide the New York Lottery with its lottery central system and related technology, retailer training, field services, call center support, instant ticket warehousing and distribution, and upgrades to the infrastructure.
  • "IGT has built a trusted partnership with the New York Lottery since 1986," said Jay Gendron, IGT Chief Operating Officer, Global Lottery.
  • "For more than 35 years, we have worked collaboratively with the Lottery to deliver world-class, innovative solutions for retailers and players alike."

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES AGREEMENT IN PRINCIPLE TO SETTLE LEGAL PROCEEDINGS RELATED TO BENSON V. DOUBLE DOWN INTERACTIVE LLC

Retrieved on: 
Monday, August 29, 2022

LONDON, Aug. 29, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) and DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ("DoubleDown") today announced an agreement in principle to settle the Benson v. DoubleDown Interactive LLC, et.

Key Points: 
  • LONDON, Aug. 29, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) and DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ("DoubleDown") today announced an agreement in principle to settle the Benson v. DoubleDown Interactive LLC, et.
  • IGT completed the sale of DoubleDown Interactive LLC ("DDI"), the operator of social gaming business DoubleDown Casino, to DoubleU Diamond LLC, a subsidiary of DoubleDown, in June 2017.
  • Subject to final court approval of the settlement of the Benson v. DoubleDown Interactive LLC, et.
  • 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.

Panel of Wall Street Analysts to Examine Gaming Industry at East Coast Gaming Congress and NexGen Gaming Forum

Retrieved on: 
Monday, August 29, 2022

ATLANTIC CITY, NJ, Aug. 29, 2022 (GLOBE NEWSWIRE) -- A panel of distinguished Wall Street analysts will look at the gaming industry from a financial perspective as part of the East Coast Gaming Congress and NexGen Gaming Forum, September 21-23 at Hard Rock Hotel & Casino.

Key Points: 
  • ATLANTIC CITY, NJ, Aug. 29, 2022 (GLOBE NEWSWIRE) -- A panel of distinguished Wall Street analysts will look at the gaming industry from a financial perspective as part of the East Coast Gaming Congress and NexGen Gaming Forum, September 21-23 at Hard Rock Hotel & Casino.
  • Also, what does the future hold for casinos that are now facing competition from digital gaming and even their own state lotteries?
  • Additional panel discussions will focus on issues facing the industry, including:
    Sports Betting: Which Model is Working Best?
  • The East Coast Gaming Congress & NexGen Gaming Forum is organized and produced by Cooper Levenson, Spectrum Gaming Group, Sports Illustrated Sportsbook and Esports Entertainment Group.

The East Coast Gaming Congress & NexGen Gaming Forum to Examine Each State’s Sports Betting Model

Retrieved on: 
Friday, August 19, 2022

A panel of experts from the public and private sectors will address that question as the 25th annual East Coast Gaming Congress & NexGen Gaming Forum convenes September 21-23 at Hard Rock Hotel & Casino in Atlantic City.

Key Points: 
  • A panel of experts from the public and private sectors will address that question as the 25th annual East Coast Gaming Congress & NexGen Gaming Forum convenes September 21-23 at Hard Rock Hotel & Casino in Atlantic City.
  • As sports betting is now legal and active in 31 US jurisdictions, no two states offer precisely the same sports betting model.
  • Also participating in a two part forum will be eleven industry leaders representing the top gaming companies in the US.
  • The East Coast Gaming Congress & NexGen Gaming Forum is organized and produced by Cooper Levenson, Spectrum Gaming Group, Sports Illustrated Sportsbook and Esports Entertainment Group.

IGT Leads Future of Lottery Retail in Portugal via 7,200 Retailer Vue Terminal Contract

Retrieved on: 
Tuesday, August 16, 2022

LONDON, Aug. 16, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that its subsidiary, IGT Global Solutions Corporation, has signed an agreement with Santa Casa da Misericórdia de Lisboa ("SCML") to debut IGT's innovative Retailer Vue™ lottery terminal in Portugal, following a competitive procurement. The delivery of up to 7,200 camera-based terminals is expected to be completed in 2023.

Key Points: 
  • Modernizing the retail lottery space, the Retailer Vue reduces the barrier between a player and clerk with an open design allowing for player and retailer interaction and enabling transparent, contactless transactions.
  • "In today's ever-evolving lottery landscape, it is important that IGT provides SCML with high-performing solutions to meet present and future market needs," said Jay Gendron, IGT Chief Operating Officer, Global Lottery.
  • "IGT's Retailer Vue combines convenience and transparency with key features designed to increase productivity and modernize the lottery retail experience for SCML.
  • IGT's Retailer Vue terminal is compatible with in-store advertising displays allowing the Lottery to promote its products and jackpots at the point of sale.

IGT and Nisqually Red Wind Casino Team Up in Multi-Year Sports Betting Agreement

Retrieved on: 
Wednesday, August 10, 2022

LONDON, Aug. 10, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it is expanding its sports betting leadership in Washington State via a multi-year contract with Nisqually Red Wind Casino. Under the terms of the agreement, Nisqually Red Wind Casino in Olympia, Wash. will leverage the award-winning IGT PlaySports platform, deploy IGT PlaySports betting kiosks and partner with the IGT trading advisory team.

Key Points: 
  • Under the terms of the agreement, Nisqually Red Wind Casino in Olympia, Wash. will leverage the award-winning IGT PlaySports platform, deploy IGT PlaySports betting kiosks and partner with the IGT trading advisory team.
  • "Nisqually Red Wind Casino is excited to offer our guests additional gaming entertainment and elevated fan engagement by introducing an IGT PlaySports-powered sportsbook,"said Conrad Granito, Nisqually Red Wind Casino, General Manager.
  • "In adding a sportsbook to its already impressive casino, Nisqually Red Wind Casino can leverage sports betting as a powerful player acquisition tool and a driver of extended property visitation," said Joe Asher, IGT President of Sports Betting.
  • Nisqually Red Wind Casino will be the eighth casino in Washington State to deliver world-class sports betting using IGT PlaySports technology.

Top Industry Leaders to Address East Coast Gaming Congress on Critical Gaming Industry Issues

Retrieved on: 
Tuesday, August 9, 2022

ATLANTIC CITY, NJ, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Twelve casino industry leaders will discuss the future of the gaming industry in two roundtable discussions at the East Coast Gaming Congress and NextGen Gaming Forum, which will be held September 21-23, 2022, at the Hard Rock Hotel & Casino.

Key Points: 
  • ATLANTIC CITY, NJ, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Twelve casino industry leaders will discuss the future of the gaming industry in two roundtable discussions at the East Coast Gaming Congress and NextGen Gaming Forum, which will be held September 21-23, 2022, at the Hard Rock Hotel & Casino.
  • The roundtables of leaders a hallmark of this conference since its founding in 1996 will be held on Thursday, September 22.
  • This year the East Coast Gaming Congress celebrates its silver anniversary with the two-day conference theme.
  • Additional panel discussion will focus on issues facing the industry including:
    Sports Betting: Which Model is Working Best?

IGT Achieves High-Ranking Score in the All-In Diversity Project 2021 All-Index Report

Retrieved on: 
Thursday, July 28, 2022

LONDON, July 28, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that it has been recognized by the All-In Diversity Project (AIDP) as the top-ranking gaming supplier in the 2021 All-Index™ report. The index serves as a global benchmarking tool measuring the progress of diversity, equality and inclusion in the betting and gaming sectors.

Key Points: 
  • LONDON, July 28, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that it has been recognized by the All-In Diversity Project (AIDP) as the top-ranking gaming supplier in the 2021 All-Index report.
  • The index serves as a global benchmarking tool measuring the progress of diversity, equality and inclusion in the betting and gaming sectors.
  • Continuing its history of high performance in the report, IGT received the third-highest overall score.
  • Since IGT created its Office of Diversity & Inclusion in 2018, the Company has executed various programs, policies, and systems that have promoted multiple dimensions of diversity, equity, and inclusion.

International Game Technology PLC Announces Amendment and Extension of Revolving Credit Facilities and Amendment of Term Loan Facilities

Retrieved on: 
Wednesday, July 27, 2022

LONDON, July 27, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced the closing of an amendment and extension of its revolving credit facilities ("RCF") agreement and an amendment of its term loan facilities ("TLF") agreement.

Key Points: 
  • LONDON, July 27, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced the closing of an amendment and extension of its revolving credit facilities ("RCF") agreement and an amendment of its term loan facilities ("TLF") agreement.
  • "The RCF amendment extends the final maturity date of the revolving credit facilities by three years to 2027, reduces the interest rate margins and provides greater flexibility under certain non-financial covenants."
  • Bank of America, Mediobanca - Banca di Credito Finanziario S.p.A. and UniCredit acted as the Global Coordinators with respect to the amendments.
  • 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.

IGT Launches World-Class iLottery Games in Michigan

Retrieved on: 
Tuesday, July 26, 2022

LONDON, July 26, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that its subsidiary, IGT Global Solutions Corporation, has signed an agreement to deliver engaging iLottery content through its high-performing remote gaming server (RGS) to the Michigan Lottery.

Key Points: 
  • LONDON, July 26, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that its subsidiary, IGT Global Solutions Corporation, has signed an agreement to deliver engaging iLottery content through its high-performing remote gaming server (RGS) to the Michigan Lottery.
  • "As a leader in this space, the Michigan Lottery has built a robust iLottery offering from the ground up, and IGT is thrilled that we can contribute to its continued success through the launch of our games."
  • "IGT has a proven track record of partnering with global lotteries to grow their iLottery sales and we are excited to deliver high-quality eInstant games to the Michigan Lottery," said Srini Nedunuri, IGT Vice President, Global iLottery.
  • The Michigan Lottery is the fourth lottery in the U.S. to have access to IGT's vast portfolio of eInstants, following successful iLottery programs in Georgia, Kentucky, and Rhode Island.