IGT's Powerbucks Links New Jersey and South Dakota with First-Ever Commercial Multi-State Wide Area Progressive
LAS VEGAS, April 17, 2014 /PRNewswire/ -- Today global gaming entertainment leader, IGT (NYSE: IGT) continued its legacy of ''industry-firsts", after successfully connecting casino properties in New Jersey and casino properties in Deadwood, South Dakota in the industry's first-ever, commercial inter-jurisdictional Wide Area Progressive – Powerbucks™.
Powerbucks is an "add on" to fan-favorite titles that links progressive pools between participating jurisdictions. Designed to award life-changing jackpots at any bet level, Powerbucks is poised to create more winners, more frequently.
"Linking the Deadwood, South Dakota properties and New Jersey properties with Powerbucks is an exciting occasion for IGT," said Joe Sigrist, IGT VP of Product Management and Global Product Development. "Bringing industry-first innovation and truly transformative gaming experiences to the players who crave it, is at the core of what IGT does. The Company looks forward to the expansion of Powerbucks and creating jackpot mania like never before."
Powerbucks machines at properties in Deadwood, are linked up with Caesars Entertainment and Boyd Gaming properties in New Jersey. Both Caesars Entertainment and Boyd Gaming have agreed to add their Nevada-based properties to the Powerbucks link, upon receipt of regulatory approvals.
IGT has pioneered similar links for Lottery markets with IGT's MegaHits and for tribal properties with the Native American Progressive System (NAPS), but the launch of Powerbucks marks the industry's first multi-state progressive jackpot link in the commercial space.
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This press release contains forward-looking statements relating to the expansion of IGT's Powerbucks product. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from the results predicted, and reported results should not be considered an indication of future performance. A list and description of risks, uncertainties and other factors that could cause actual results and outcomes to differ materially from those contained in such forward-looking statements can be found in IGT's annual report and other reports filed with the Securities and Exchange Commission, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in IGT's Annual Report on Form 10-K for fiscal 2013 filed with the SEC on November 26, 2013 and in IGT's Quarterly Report on Form 10-Q for its fiscal quarter ended December 31, 2013 filed with the SEC on February 5, 2014 and available on the SEC website at www.sec.gov and on the investor relations section of IGT's website at www.IGT.com/investors. All information provided in this release is as of April 17, 2014, and IGT does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances.
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International Game Technology (NYSE: IGT) is a global leader in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for regulated markets around the world. IGT's acquisition of DoubleDown Interactive provides engaging social casino style entertainment to more than 6 million players monthly. More information about IGT is available at IGT.com or connect with IGT at @IGTNews or facebook.com/IGT. Anyone can play at the DoubleDown Casino by visiting http://apps.facebook.com/doubledowncasino or doubledowncasino.com
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