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Sunday, June 13, 2021

IGT Reaffirms Management within the Caribbean with Seven-Yr Lottery Extension in Jamaica

LONDON, Jan. 22, 2021 /PRNewswire/ — Worldwide Recreation Know-how PLC (“IGT”) (NYSE: IGT) introduced right now that its subsidiary IGT International Options Company (hereinafter “IGT”) has signed a seven-year contract extension with Supreme Ventures Restricted (“SVL”) to proceed offering world-class lottery expertise, content material, and ongoing companies and assist in Jamaica.

“Over the previous 19 years, IGT’s dedication to our development and provision of superior service has straight influenced SVL’s ongoing success,” mentioned Gary Peart, SVL Govt Chairman“This settlement represents the following chapter in our successful partnership, and additional helps SVL for growth, reinforcing our market management place and our place as an integral a part of the material of Jamaica. SVL is a vital contributor to nation-building on a number of fronts and rising enterprise for all stakeholders. Our long-term strategic relationship with IGT is a key enabler for our development platform and delivering our imaginative and prescient for SVL within the area.”

“This newest extension demonstrates IGT’s and SVL’s mutual dedication to creating worth for SVL’s stakeholders by modern gaming options, whereas emphasizing SVL’s confidence within the efficiency and stability of IGT’s providing,” mentioned Jay Gendron, IGT Chief Working Officer, Lottery“As SVL continues to supply best-in-class lottery and gaming merchandise, this extension will maintain enterprise momentum and participant engagement, make an impression on small companies by SVL’s increasing retailer community, and finally profit all Jamaicans.”

With the earlier contract interval scheduled to finish in January 2026, the most recent contract extension is for a interval of seven years, extending the contract by 2033 and enabling IGT to proceed strategically supporting SVL for the following 12 years.  

Beneath the settlement, IGT will proceed offering lottery merchandise, video games and companies, and as a part of a Amenities Administration built-in companies association, will proceed to function and keep its steady, high-performance central system, terminals, and communications community, producing excessive transaction volumes day by day for the lottery enterprise; present advertising and marketing assist; and provide subject companies. The settlement additionally contains information middle operations and a 24-7 buyer contact middle, sport design and growth, information analytics, strategic planning, and gross sales assist.

Along with its lottery contract with SVL, IGT additionally supplies cell phone top-up companies to SVL, in addition to operational assist for its VLT program, together with subject companies, installations for brand new retailers, and advertising and marketing and gross sales assist.

IGT, beforehand as GTECH, has been the lottery expertise and companies supplier to SVL for the reason that Lottery started promoting on-line video games in 2001.

About IGT

IGT (NYSE:IGT) is the worldwide chief in gaming. We ship entertaining and accountable gaming experiences for gamers throughout all channels and controlled segments, from Gaming Machines and Lotteries to Sports activities Betting and Digital. Leveraging a wealth of compelling content material, substantial funding in innovation, participant insights, operational experience, and modern expertise, our options ship unequalled gaming experiences that interact gamers and drive development. Now we have a well-established native presence and relationships with governments and regulators in additional than 100 international locations all over the world, and create worth by adhering to the best requirements of service, integrity, and duty. IGT has roughly 11,000 staff. For extra data, please go to www.igt.com.

Cautionary Assertion Concerning Ahead-Wanting Statements
This information launch might include forward-looking statements (together with inside the which means of the Non-public Securities Litigation Reform Act of 1995) regarding Worldwide Recreation Know-how PLC and its consolidated subsidiaries (the “Firm”) and different issues. These statements might talk about targets, intentions, and expectations as to future plans, traits, occasions, dividends, outcomes of operations, or monetary situation, or in any other case, primarily based on present beliefs of the administration of the Firm in addition to assumptions made by, and knowledge presently accessible to, such administration. Ahead-looking statements could also be accompanied by phrases akin to “goal,” “anticipate,” “consider,” “plan,” “might,” “would,” “ought to,” “shall”, “proceed,” “estimate,” “anticipate,” “forecast,” “future,” “steering,” “intend,” “might,” “will,” “doable,” “potential,” “predict,” “venture” or the unfavourable or different variations of them. These forward-looking statements converse solely as of the date on which such statements are made and are topic to varied dangers and uncertainties, lots of that are outdoors the Firm’s management. Ought to a number of of those dangers or uncertainties materialize, or ought to any of the underlying assumptions show incorrect, precise outcomes might differ materially from these predicted within the forward-looking statements and from previous outcomes, efficiency, or achievements. Due to this fact, you shouldn’t place undue reliance on such statements. Elements that would trigger precise outcomes to vary materially from these within the forward-looking statements embrace (however usually are not restricted to) the components and dangers described within the Firm’s annual report on Type 20-F for the monetary yr ended December 31, 2019 and different paperwork filed every now and then with the SEC, which can be found on the SEC’s web site at www.sec.gov and on the investor relations part of the Firm’s web site at www.IGT.com. Besides as required beneath relevant legislation, the Firm doesn’t assume any obligation to replace these forward-looking statements. It is best to fastidiously take into account these components and different dangers and uncertainties that have an effect on the Firm’s enterprise. All forward-looking statements contained on this information launch are certified of their entirety by this cautionary assertion. All subsequent written or oral forward-looking statements attributable to Worldwide Recreation Know-how PLC, or individuals appearing on its behalf, are expressly certified of their entirety by this cautionary assertion.

Contact:
Phil O’Shaughnessy, International Communications, toll free in U.S./Canada +1 (844) IGT-7452; outdoors U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
Rhonda Whittaker, International Communications, +1 (506) 878-6471

© 2021 IGT

The logos and/or service marks used herein are both logos or registered logos of IGT, its associates or its licensors.

SOURCE Worldwide Recreation Know-how PLC

Associated Hyperlinks

http://www.igt.com

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