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- International Game Technology PLC (IGT) (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), has extended its lottery gaming systems contract to deploy next-generation cashless lottery technology for Washington's Lottery, making Washington the seventh U.S. state to leverage IGT's cashless lottery solutions. This agreement extends IGT's current contract through June 30, 2029 .
Washington's Lottery is among the U.S. leaders in self-service vending machine deployment, with lottery vending machines accounting for 45 percent of its entire retail landscape. IGT will implement hardware modifications and software development to outfit 2,000 lottery self-service vending machines with cashless functionality as part of the new agreement. The cashless functionality will allow Washington's Lottery players to purchase lottery products with debit cards on IGT's GameTouch™ 28, GameTouch™ 24 and GameTouch™ 20 self-service vending machines that are placed at lottery retailers throughout the state.
" Washington's Lottery has relied on IGT's trusted partnership and forward-thinking expertise for more than 25 years," said Marcus Glasper , Washington's Lottery Director. "Within that time, IGT has helped us navigate the ever-evolving lottery landscape and provide us with innovative solutions to consistently engage new players. The addition of cashless functionality on self-service machines is another chapter in our development, and allows players to have a flexible, convenient and secure way to purchase their favorite lottery games."
"IGT has a deep understanding for the growth-driving products and solutions Washington's Lottery needs to help reach its business goals," said Jay Gendron , IGT Chief Operating Officer, Lottery. "Since our current contract began in 2016, we have worked closely with the Lottery to increase its annual lottery sales by 37 percent, culminating in $950 million in total sales for the most recent fiscal year. We'll continue to support the Lottery in maximizing its funds toward good causes, including the Washington Opportunity Pathways Account which funds educational programs around the state, while delivering entertaining and responsible experiences for its players."
IGT has served as the primary lottery technology supplier to Washington's Lottery since 1996. In addition to self-service lottery machines, IGT provides Washington's Lottery with its central system, retail terminals and equipment, instant tickets and field services.
As the lottery market leader, IGT central systems process more than 75 percent of U.S. lottery sales. For more information about IGT's lottery business, visit igt.com and follow us on LinkedIn .
About IGT
IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries 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 11,000 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, 2020 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.
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
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SOURCE International Game Technology PLC
