LONDON, July 8, 2019 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), has signed a four-year contract extension to provide the Colorado Lottery with new, leading lottery technology through July 12, 2025. The wide array of products include new back office solutions and the rollout of the GameTouch™ 20 terminal, IGT's newest self-service lottery vending machine.
"We look forward to enhancing our current lottery solutions and technology, and bringing added convenience for our retail partners and players through this contract extension with IGT," said Colorado Lottery Senior Director Tom Seaver. "Throughout the last five years, IGT has delivered its expertise and reliable technology to benefit all of our Lottery stakeholders and we are happy to continue to partner with them for the next several years."
"This contract extension enables IGT to continue assisting the Colorado Lottery in achieving its sales objectives, and bringing further efficiency, convenience, and innovation to retailers and players," said IGT Chief Operating Officer, North America Lottery, Jay Gendron. "We're pleased to continue our partnership with the Lottery and help it maximize funds toward good causes in Colorado such as the environment, recreation, and education."
Under the terms of the agreement, the Colorado Lottery will receive a full suite of new back office solutions and enhanced business intelligence solutions to continue to grow sales and provide convenience to the player and retailer. In addition, IGT will deliver GameTouch 20 terminals, the Company's most recent lottery innovation built specifically to meet big box retailer requirements.
IGT will continue to provide full system support for all Colorado Lottery draw games, claims, and payments.
IGT (NYSE: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 more than 12,000 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, 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.
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