LAS VEGAS, ROME, Italy, and PROVIDENCE, R.I.,
March 13, 2012 /PRNewswire-Asia/ -- International Game Technology
(NYSE: IGT) and Lottomatica Group (FTSE: LTO) today announced that
they have entered into a strategic relationship to bring game
content and game terminals to the Italian VLT (Comma 6b) gaming
market.
"IGT is excited about stepping into this large and
growing market," said Patti Hart, IGT chief executive officer.
"Partnering with Lottomatica will allow us to engage the Italian
VLT players with our leading game content. As a global leader in
gaming solutions, we are proud to partner with the leading operator
of gaming entertainment in Italy and one of the largest gaming
companies in the world."
This strategic partnership provides entry for IGT
into the Italian VLT market; a market reported to be in excess of 2
billion dollars in gross gaming revenue, with Lottomatica,
currently the leading operator in the VLT
market.
"We are proud to partner with IGT," said Marco Sala,
Lottomatica Group chief executive officer. "Together we will not
only increase our significant footprint in the VLT market, but we
will be able to combine our resources to provide the Italian
players with new and exciting games that will help increase our
competitive edge in the market, leveraging on the integration with
the Spielo VLT system and games."
IGT game content will be available to the
Lottomatica Group in Italy VLT for a period of exclusivity.
Lottomatica will deliver IGT game content to a high percentage of
the installed base of VLT's in Lottomatica's network, which, with
nearly 9,000 units, is currently the largest active VLT network in
Italy.
In addition to licensing game content, IGT will also
partner with Lottomatica to integrate IGT's VLT terminals on the
Spielo VLT system, which is currently adopted in Italy by
Lottomatica and several other
concessionaires.
About IGT
International Game Technology (NYSE: IGT) is a
global leader in the design, development and manufacture of gaming
machines and systems products, as well as online and mobile gaming
solutions for regulated markets. More information about IGT is
available at www.IGT.com or follow IGT on Twitter at
@IGTNews( http://www.twitter.com/igtnews )
or Facebook at www.facebook.com/IGT.
IGT Resources:
-- Like us on Facebook( http://www.facebook.com/IGT )
-- Follow us on Twitter!( http://www.twitter.com/IGTnews )
-- View IGT's YouTube Channel( http://youtube.com/IGT )
-- Check out our games!( http://www.igt.com/games.aspx )
About Lottomatica Group
Lottomatica Group is a market leader in the Italian
gaming industry and one of the largest Lottery operators in the
world based on total wagers and, through its subsidiaries including
GTECH Corporation, is a leading provider of lottery and gaming
technology solutions worldwide. Together, the companies are the
only vertically integrated full service lottery group. Lottomatica
Group is majority owned by De Agostini, which belongs to a
century-old publishing and media services group. Lottomatica is
listed on the Stock Exchange of Milan under the trading symbol
"LTO". In 2011, Lottomatica Group had approximately euro 3.0
billion in revenues, based upon preliminary results, and
approximately 8,000 employees in over 60
countries.
This press release and earlier ones are available on
Lottomatica Group and GTECH websites:
www.lottomaticagroup.com -
www.gtech.com
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking
statements that involve risks and uncertainties. Actual events or
results may differ materially from those described in this press
release due to a number of risks and uncertainties, including,
among others, the possibility that the anticipated benefits of the
strategic partnership might not be realized. More information about
potential factors that could affect IGT's business and financial
results is included in IGT's filings 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
its 2011 fiscal year and its Quarterly Report on Form 10-Q for its
fiscal quarter ended December 31, 2011, and available on the SEC
website at www.sec.gov and on the investor relations section of
IGT's website at www.IGT.com. All information provided in this
release is as of March 13, 2012, and IGT does not intend, and
undertakes no duty, to update this
information.
SOURCE﹛IGT