International Game Technology PLC Announced that its Subsidiary has Signed a Contract to Provide Instant-Ticket Printing Services to the Croatian Lottery, Hrvatska Lutrija
LONDON, July 30, 2015 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced that its wholly-owned subsidiary, GTECH Corporation ("the Company"), has signed a two year contract with Hrvatska Lutrija d.o.o., the Croatian Lottery, whereby the Company will act as the sole supplier of instant-ticket printing and related services to the Lottery. The contract award is the result of a competitive procurement and represents the first time that the Company will be providing instant-ticket printing services to the Croatian Lottery. It is expected that a minimum of 18 instant-ticket games will be printed over the contract period and solutions and strategies will be offered to help increase revenues for the instant category over the next two years. The profits generated by the Lottery help to support good causes including financing organizations that promote the fight against drugs and other forms of addictions, help to meet the needs of people with disabilities, support social and humanitarian activities, technical education, culture, non-institutional education and the upbringing of children and young people.
"We are eager to begin what we hope is a long-term, successful relationship with the Croatian Lottery," said Michael Chambrello, CEO, North America Lottery, for IGT. "We will focus on maximizing their profitability, generating incremental funds which will help support good causes. We will also support the Lottery's growing business by introducing a more diverse product mix specific to the demands of the Croatian marketplace and their players. The Croatian Lottery has much potential for growth and the Company is excited to play a big role in their expanding business over the next two years and beyond."
"The Croatian Lottery is excited to partner with one of the largest lottery technology providers in the world," said Danijel Ferić, Chairman of the Board, Hrvatska Lutrija. "We are confident that IGT will help our Lottery to see a continued increase in instant-ticket sales year-over-year. Their reputation for providing superior products and services, along with integrated marketing solutions for instant-ticket customers, makes us very enthusiastic to begin working with them as our sole provider of instant-ticket services."
About IGT
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 Interactive 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 13,000 employees. For more information, please visit www.merger.igt.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning IGT 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 IGT 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 are subject to various risks and uncertainties, many of which are outside IGT'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 the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) risks that the businesses of International Game Technology and GTECH S.p.A. will not be integrated successfully, or that the combined companies will not realize estimated cost savings, synergies, growth or other anticipated benefits or that such benefits may take longer to realize than expected; risk that the Company will be unable to pay future dividends to shareholders or that the amount of such dividends may be less than anticipated; risks relating to unanticipated costs of integration of the two companies; reductions in customer spending; a slowdown in customer payments and changes in customer demand for products and services; unanticipated changes relating to competitive factors in the industries in which the company operates; ability to hire and retain key personnel; the potential impact of the consummation of the business combination on relationships with third parties, including customers, employees and competitors; ability to attract new customers and retain existing customers in the manner anticipated; reliance on and integration of information technology systems; changes in legislation or governmental regulations affecting the company; international, national or local economic, social or political conditions that could adversely affect the company or its customers; conditions in the credit markets; risks associated with assumptions the company makes in connection with its critical accounting estimates and legal proceedings; and the company's international operations, which are subject to the risks of currency fluctuations and foreign exchange controls. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect IGT's business, including those described in IGT's annual report on Form 20-F for the financial year ended December 31, 2014 and other documents filed from time to time with the Securities and Exchange Commission (the "SEC"). Except as required under applicable law, IGT does not assume any obligation to update the forward-looking statements. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that earnings per IGT share for the current or any future financial years will necessarily match or exceed the historical published earnings per IGT share, 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 IGT, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.
Contact:
Robert K. Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations, (401) 392-7190
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SOURCE IGT
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