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MarketScreener Homepage  >  Equities  >  Nyse  >  International Game Technology PLC    IGT   GB00BVG7F061

INTERNATIONAL GAME TECHNOLOGY PLC

(IGT)
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International Game Technology : IGT and Maverick Gaming to Deliver Retail and Mobile Sports Betting with Launch of Play Maverick Sports in Colorado

11/23/2020 | 06:51am EST

LONDON, Nov. 23, 2020 /PRNewswire/ -- International Game Technology PLC ('IGT') (NYSE: IGT) announced today that its leading PlaySports platform will power world-class retail sports betting at Maverick Gaming's three Colorado-based casinos as well as interactive sports betting throughout Colorado via Play Maverick Sports. Through a multi-year agreement with Maverick Gaming, IGT will provide its proven PlaySports turnkey solution including user-friendly self-service PlaySports kiosks, to Grand Z Casino and Johnny Z's Casino in Central City, Colo. and Z Casino in Black Hawk, Colo. The IGT PlaySports platform, complete with a fully integrated Player Account Management (PAM) solution, will also power Maverick Gaming's 'Play Maverick Sports' mobile sports wagering app.

'IGT's comprehensive PlaySports technology will enable Play Maverick Sports to engage new players and enhance our portfolio with exceptional sports betting experiences at our casinos and throughout the state of Colorado,' said Justin Beltram, Maverick Gaming Chief Operating Officer. 'The turnkey nature of IGT's PlaySports solution and its proven ability to deliver positive player experiences across channels were key drivers of our decision to choose IGT as our sports betting growth partner. Maverick Gaming cannot wait to extend the excitement of sports betting to our players and sports fans throughout Colorado.'

'By leveraging the IGT PlaySports turnkey solution, Maverick Gaming is positioned to benefit from the entire PlaySports value chain and operate a top-quality, cross-channel sports betting program,' said Enrico Drago, IGT PlayDigital Senior Vice President. 'IGT will apply the experience and expertise that we have gained through our leading B2B sports betting operations in 15 U.S. states to help fuel the success of Maverick Gaming'sColorado sports betting enterprise.'

For more information on IGT PlaySports visit IGT.com/PlaySports.

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.

ABOUT MAVERICK GAMING LLC
Maverick Gaming is majority owned and was founded by gaming industry veterans Eric Persson, who previously served as Global SR Vice President of Slots at Las Vegas Sands and Justin Beltram, former Vice President of Slots at Bellagio and Marina Bay Sands. Together they bring over 30 years of gaming experience spanning gaming markets around the world including the Las Vegas Strip (Venetian, Palazzo, Bellagio), Macau (Sands China Limited), Singapore (Marina Bay Sands), and many regional markets in North America. Maverick Gaming currently owns four casinos in Nevada, three in Colorado and nineteen card rooms in Washington.

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 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, 2019 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 the financial performance of International Game Technology PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance or International Game Technology PLC, 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 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

© 2020 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

View original content to download multimedia:http://www.prnewswire.com/news-releases/igt-and-maverick-gaming-to-deliver-retail-and-mobile-sports-betting-with-launch-of-play-maverick-sports-in-colorado-301178305.html

SOURCE International Game Technology PLC

Disclaimer

IGT - International Game Technology plc published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 11:50:00 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 3 516 M - -
Net income 2020 -663 M - -
Net Debt 2020 7 264 M - -
P/E ratio 2020 -5,49x
Yield 2020 1,12%
Capitalization 3 653 M 3 653 M -
EV / Sales 2020 3,10x
EV / Sales 2021 2,49x
Nbr of Employees 11 791
Free-Float 48,2%
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 21,58 $
Last Close Price 17,83 $
Spread / Highest target 124%
Spread / Average Target 21,0%
Spread / Lowest Target -38,3%
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Managers and Directors
NameTitle
Marco Sala Chief Executive Officer & Director
Lorenzo Pellicioli Chairman
Massimiliano Chiara Chief Financial Officer, Director & Executive VP
Alberto Dessy Independent Non-Executive Director
James Francis McCann Vice Chairman
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