Latest Gaming News
TULSA, Okla. (September 13, 2019) – Aristocrat’s renowned $uper Hit$® Jackpot$ has awarded its landmark 50th jackpot. A lucky player hit the 50th jackpot on the 777 Bourbon Street™ game at Riverstar Casino in Terral, Okla. today. With this latest winner, $uper Hit$® Jackpot$ has awarded a staggering $21,863,819.30 in jackpot payouts since it went live in July 2015.
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$uper Hit$ Jackpot$ is a 3-reel mechanical wide area progressive appearing on top of player-favorite Aristocrat Class II game titles and has a starting jackpot of $250,000.
$uper Hit$ Jackpot$ includes VGT’s Class II Innovations from Aristocrat: Bourbon Street®, Ca$h Barn®, Crazy Cherry®, Gems & Jewels®, Hot Red Ruby®, The King of Coin®, Lucky Ducky®, Mr. Money Bags®, Reel Fever®, Smooth as Silk®, and Star Spangled Sevens®.
For more information on where to play $uper Hit$® Jackpot$, please click here.
Highlights from the DGE include:
· Internet Gaming Win was $41.1 million in August compared to $24.8 million in the prior year period, reflecting a year-over-year increase of 65.7%.
· Total Internet Sports Wagering Handle(1) was approximately $249.2 million for the month of August, compared to:
- $213.0 million for the month of July 2019;
- $226.7 million for the month of June 2019; and
- $263.6 million for the month of May 2019.
· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $19.2 million, compared to $3.1 million in the prior year period August 2018, reflecting a year-over-year increase of 514.7% and is further comparable to:
o $13.9 million for the month of July 2019;
o $6.9 million for the month of June 2019; and
o $13.7 million for the month of May 2019.
(1) Gross amount of money accepted in wagers
(2) Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months
This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.
Trading Update
Trading is significantly ahead of the Board's expectations for the eight (8) months up to and including August 31, 2019. As of June 30, 2019, the group's cash balance was £9.1 million and holds no debt on its balance sheet.
Conclusion of Strategic Review
As set out in the announcement on 29 March, 2019, GAN has been undertaking a review considering strategic alternatives including a Formal Sale Process ("FSP"). The purpose of the FSP was to explore the merits of the Group remaining as an independent organisation, relative to the alternative options available to the Group being reviewed. Union Gaming has undertaken the FSP and interest from a number of organisations, across a range of geographies, has been explored.
The Company received multiple bids from multiple parties during the FSP. In the context of the Company's rapid and accelerating growth year-to-date and growth trajectory of the business moving forwards, the Company's Board of Directors (the "Board") in consultation with its advisors has determined that the bids received did not represent fair value for shareholders.
As a result, the Board has concluded that it is unlikely that the FSP would produce the most attractive outcome from the review of strategic alternatives. The Board has therefore decided to terminate the FSP and the Company is no longer in an offer period under the City Code on Takeovers and Mergers (the "Code") and the requirement to make disclosures under Rule 8 of the Takeover Code in relation to the Company has now ceased.
The outcome of the review of strategic alternatives is that the Company is now committed to procuring a U.S. listing as soon as reasonably practicable, and will provide an update with the publication of the Group's full year 2019 results.
This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.
Half-Year Results | Conference Call Details
The GAN management team will host a conference call for analysts & institutional investors at 4pm BST (11am EST / 8am PST) on Friday September 13, 2019.
Please use the following dial in numbers:
UK Participants: +44 (0) 800 756 3429
US & Canada Participants: +1 877-407-8629
International Participants: +1 201-493-6715
The Half Year Results Press Release and Presentation is available to download from the website, www.GAN.com
Half-Year Results | Webcast
The call will also be simultaneously webcast over the Internet via the following link:
https://78449.themediaframe.com/dataconf/productusers/gan/mediaframe/32225/indexl.html
and such link will also be made available in the "Results and Presentations" section of GAN's website www.GAN.com/investors/results-and-presentations
Financial Overview
· Group Net Revenue of £11.3m (H1 2018: £4.6m), an increase of +145%
· Clean EBITDA1 profit of £3.0m (H1 2018: clean EBITDA loss of £0.3m)
· Profit after tax of £0.7m (H1 2018: loss after tax of £3.0m)
· Basic earnings per share of £0.01 (H1 2018: loss per share £0.04)
· Cash and cash equivalents at 30 June 2019 of £9.1m (£5.5m at 31 December 2018)
· United States accounted for 78% of Net Revenue including £3m derived from patent licensing
Dermot Smurfit, CEO of GAN commented:
The first half of 2019 saw rapid growth in revenues driven by real money Internet gambling in the U.S. and the accelerating adoption of Internet sports betting by numerous states. We were pleased to deliver real money Internet gambling across four websites (and counterpart mobile apps), to end users in two U.S. States operated by three clients reliant on our technology Platform for powering their Internet gambling business activities.
We have also substantially improved GAN's balance sheet as the Group transitioned to positive cashflow from ordinary activities with GBP 9.1M cash as on June 30 2019 and zero debt. The capital available on the balance sheet will be used to selectively grow development resources in Sofia, Bulgaria and Las Vegas, NV to capture substantial incremental revenue opportunities available from Internet gaming and sports betting in other U.S. States expected to regulate internet gambling in the near future.
We have an incredibly positive outlook for the remainder of 2019, as the recent launch of Internet sports betting and casino gaming in Pennsylvania, the Company's current sales pipeline and existing contracted clients are projected to significantly enhance GAN's revenue and EBITDA prospects.
Operational Overview and Current Developments
· Successfully licensed GAN's strategic U.S. patent ("Patent") to a major U.S. Internet gambling operator and their affiliated land-based U.S. casino group, generating £3m in Net Revenue in the period. This patent governs the linkage of on-property reward cards to their counterpart Internet gambling accounts together with bilateral transmission of reward points between the Internet gambling technology system and the land-based casino management system present in all U.S. casino properties. The Patent was awarded to GAN in September 2014, successfully defended in H1 2017 and has now been licensed for substantial consideration setting a precedent for additional Patent licensing agreements
· Operationally managed GAN's technology Platform throughout New Jersey's first legal online betting experience during the U.S. Super Bowl, with all-time record number of active real money Internet gamblers, who used GAN's technology Platform to bet on both sports and casino gaming on February 4, 2019, following the May 2018 decision of the Supreme Court of the United States ("SCOTUS") to overturn the previous Federal U.S. prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA")
· Welcomed the passage of enabling legislation for Internet gambling in six U.S. States during the course of the first six months of 2019 including Rhode Island, Montana, Indiana, Iowa, Tennessee and Illinois (together representing 9.6% of the U.S. population)
· Entered into an extension of services for Flutter Entertainment plc (formerly PaddyPower Betfair Plc) for the provision of: (i) a multi-year patent license; and (ii) additional services in New Jersey, West Virginia and Pennsylvania together with an option over additional services in additional U.S. States;
· Completed a significant expansion of engineering resources commenced in H2 2018, principally in Sofia, Bulgaria with secondary recruitment in Las Vegas, Nevada in order to meet high demand from existing clients for incremental real money Internet gambling services
· Substantially increased marketing activities via 'GAN Digital', in Tel Aviv, Israel, an in-house marketing agency to provide digital user acquisition & retention services in support of the Overseas Internet Casino, WinStar.com
· Won the prestigious 'Best B2B Social Slot Company' award at the Eilers & Krejcik Gaming LLC U.S. gaming Industry awards on February 28, 2019 in Las Vegas, Nevada
· Entered into an extension of services for Parx Casino in Pennsylvania to launch an Internet gambling service in the neighbouring State of New Jersey
· Cancellation of the Euronext Growth Dublin Ireland listing of GAN plc's shares on June 19, 2019 in order to simplify the Company's equity capital markets arrangements in advance of preparing for a U.S. listing on a suitable recognized investment exchange
· Launched Internet gambling for our first Pennsylvanian client, Parx Casino, in the State of Pennsylvania (pop. 12.7M) increasing GAN's addressable market for real money Internet gambling outside the State of New Jersey (pop. 9M)
Post-period end:
· Launched Internet sports betting in Pennsylvania delivered for Flutter Entertainment plc's FanDuel Group, GAN's second U.S. client to operate Internet sports betting via the GAN Platform in Pennsylvania. The reported success of the Internet sports betting market in the first operational year (August 2018 to July 2019) may result in an increase in the speed of regulation of intra-State Internet gambling going forwards. It is believed that additional U.S. States are now considering the regulation of Internet gambling
· Launched Internet casino gaming in Pennsylvania on July 15, 2019 for Pennsylvania's largest land-based casino, Parx Casino, in addition to Internet sports betting which commenced in June 2019
· Engaged in additional Patent licensing discussions with major U.S. land-based casino operators, following the successful licensure of the Patent in H1 2019
Notes
1. Clean EBITDA is a non GAAP company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expenses, certain non-cash transactions and other items which the directors consider to be non-recurring and one time in nature. Where not explicitly mentioned, EBITDA refers to EBITDA from continuing operations.
Note regarding forward-looking statements
This announcement includes forward-looking statements, including statements concerning current expectations about future financial performance and economic and market conditions which GAN believes are reasonable. However, these statements are neither promises nor guarantees, but are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
Half-Year Results | Conference Call Details
The GAN management team will host a conference call for analysts & institutional investors at 4pm BST (11am EST / 8am PST).
Please use the following dial in numbers:
UK Participants: +44 (0) 800 756 3429
US & Canada Participants: +1 877-407-8629
International Participants: +1 201-493-6715
The Half Year Results Press Release and Presentation is available to download from the website, www.GAN.com
Half-Year Results | Webcast
The call will also be simultaneously webcast over the Internet via the following link:
https://78449.themediaframe.com/dataconf/productusers/gan/mediaframe/32225/indexl.html
and such link will also be made available in the "Results and Presentations" section of GAN's website www.GAN.com/investors/results-and-presentations
About GAN Plc
GAN is a leading business-to-business ("B2B") supplier of internet gambling software-as-a-service solutions ("SaaS") to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN's Digital Marketing Agency in Tel Aviv, Israel.
GAN is listed on the London Stock Exchange (LSE: GAN). For more information please visit www.GAN.com.
Deal marks AGS’ first real-money gaming agreement in North America
LAS VEGAS and CHICAGO – September 11, 2019 – Rush Street Interactive (“RSI”) and AGS (NYSE: AGS) (or the “Company”) today announced an agreement for RSI to premier AGS’ online real-money game content at PlaySugarHouse.com’s online sportsbook and casino in New Jersey. The partnership deal also includes Rush Street Interactive’s regulated online casino in Colombia, RushBet.co, which will add the AGS content later this year, as well as Rush Street’s Casino4Fun social casino sites.
AGS Executive Vice President Matt Reback said, “We are impressed by the quality of the Rush Street Interactive platform and excited to provide online versions of our proven, popular land-based games for their real-money operations in New Jersey, Pennsylvania, and Colombia, and social casino markets.”
Under this partnership, Rush Street Interactive is the first online operator to launch AGS content in both New Jersey and Colombia. Rush Street Interactive’s online casinos launched with player-favorite AGS titles Golden Wins™ and Jade Wins™, with additional AGS games slated to launch throughout 2019, including proven retail performers Rakin’ Bacon!™ and Olympus Strikes™.
Rush Street Interactive President Richard Schwartz said, “We are excited to be the first operator in the Americas to add AGS game content to our engaging library of game titles available on our social and real-money online casinos. AGS’ games deliver the identical look, game features, and play mechanics as their popular land-based counterparts, which are entertaining players and delivering strong returns across North America.”
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at playags.com.
AGS Interactive ("AGSi"), a division of AGS, offers more than 600 online games to many of the world's largest and most prominent online real-money gaming operators through its AxSys Games Marketplace™ Remote Gaming Server. For land-based operators, AGS' turnkey, free-to-play social casino-branded mobile casino app solution ConnexSys™ and large library of proven land-based games, delivers powerful marketing, monetization, and 360-degree connection to the player. Visit playags.com/interactive/ to learn more.
About Rush Street Interactive
Founded in 2012, Chicago-based Rush Street Interactive (RSI) launched its first betting site, PlaySugarHouse.com, in New Jersey in September 2016. The company subsequently made history by becoming the first operator in the United Statesto offer a fully integrated online sportsbook and casino. In addition to being the first to launch a legal sportsbook in the state of New York (at Rivers Casino in Schenectady) and a legal online sportsbook in the state of Pennsylvania (at PlaySugarHouse.com), RSI was also the first US-based gaming operator to launch a legal and regulated online sportsbook in Latin America (at Rusbhet.co in Colombia). Rush Street Interactive is also the developer and operator of a leading social gaming platform currently deployed at the group's affiliated land-based casinos, as well as selected third party partners. Rush Street Interactive was named "Mobile Operator of the Year" in North America at the EGR North America Awards 2019 and "American Operator of the Year" & "Casino Operator of the Year" at the American Gambling Awards in 2019. For more information, visit rushstreetinteractive.com.
AGS Media Contacts:
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com
Laura Olson-Reyes, Vice President of Marketing & Corporate Communications
Lolson-reyes@PlayAGS.com
Rush Street Interactive Media Contact:
Lisa Johnson, President — Lisa Johnson Communications
lisa@lisajohnsoncommunications.com
©2019 PlayAGS, Inc. All® notices signify marks registered in the United States. All ™ and ? notices signify unregistered trademarks. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.
SOURCE AGS
LONDON , Sept. 10, 2019 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company will present a range of growth-driving lottery technologies and services at the North American Association of State and Provincial Lotteries ("NASPL") Annual Conference, Sept. 17-20 in Little Rock, Ark. Under the theme "Player-Driven Performance," IGT's NASPL showcase in booth 617 at the Little Rock Convention Center will reinforce the Company's player-centric approach to the lottery business and highlight how IGT is applying innovative approaches to support lotteries.
"IGT's NASPL portfolio is designed to enhance player engagement, grow sales, drive player convenience, and expand opportunities for lotteries," said Jay Gendron, IGT Chief Operating Officer Lottery. "In developing our portfolio, IGT applied decades of player insights and global experience to ensure that we are supporting versatile products that responsibly shape the future of lotteries and entertain players across a range of channels."
NASPL attendees who explore IGT's booth can experience the following growth-driving lottery solutions:
- Retail Expansion: The award-winning GameTouch™ 20 and GameTouch™ Draw vending machines are rolling out across North America to drive retail lottery expansion and increase player convenience. In addition, IGT will introduce InLane solutions that will go live before year end.
- Enhanced Player Experiences: IGT is bringing instant games to life via 3D and Augmented Reality technologies that add new dimensions to lottery instant games. IGT is also leveraging popular slot titles in the lottery market with recently launched instant games such as Gold Bar 7s® and Double Diamond®, and will present a case study highlighting the success of these products by a large U.S. lottery.
- Turnkey Promotions: IGT will demonstrate how turnkey instants promotions such as the Company's The Voice® Experience and Wheel of Fortune® Big Money Spin can be leveraged to drive player engagement and differentiate the instant tickets product line.
- Mobile Solutions: IGT PlayDigital will showcase a range of products and solutions that support lottery modernization. IGT's PlayLottery and PlayInstantWin product lines utilize digital connectivity to elevate the player experience by providing digital access to retail games and new, digital-only games. Connected Play enhances the player experience and enables lotteries to improve their knowledge of players' behaviors. IGT PlaySpot technology enables mobile on-premise gaming, driving operational efficiencies for operators and retailers.
- Sports Betting: IGT will showcase its proven, market-ready IGT PlaySports platform for lotteries. IGT PlaySports is currently powering lottery-run retail and mobile sports betting in Rhode Island.
- New Games: IGT will confirm its commitment to content innovation and its proprietary game development process, FutureGame. FutureGame continuously feeds IGT's pipeline of new concepts and accelerates deliverable innovation to lotteries. Cash Pop™, is one of many examples of concepts developed for jurisdictions in North, Central and South America and is scheduled for a 2019 release. Cash Pop's game mechanic is designed to appeal to younger adults and its simplicity can be optimally leveraged in digital mobile channels.
IGT thought leaders will also participate in several NASPL 2019 programs including:
- Jay Gendron, IGT Chief Operating Officer Lottery, will participate in the Associate Member Level I presentations on Wednesday, Sept. 18 and discuss challenges the industry could face over the next five to 10 years.
- Sarah Simpkins, IGT Senior Director Draw Based Games Portfolio Strategy, will participate in the "Game Changers: A Panel Discussion on Winning Launches" discussion on Wednesday, Sept. 18.
To learn more about IGT's NASPL 2019 portfolio visit IGT.com
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 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 over 12,000 employees. For more information, please visit www.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 International Game Technology PLCand 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.
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
© 2019 IGT
The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
©2019 Califon Productions, Inc. "Wheel of Fortune" is a registered trademark of Califon Productions, Inc. All Rights Reserved.
©2019 Talpa Content B.V.
The Voice is a registered trademark, licensed by Talpa Global B.V.
SOURCE IGT
HAARLEM, The Netherlands (10 September 2019) – Gaming Laboratories International’s (GLI®) GLI Europe and GLI Spain locations are the first gaming test labs to achieve accreditation to the 2017 version of the ISO 17025 standard from the Dutch Accreditation Council (RvA).
Earlier this year, GLI was the first independent gaming lab to achieve accreditation from American Association for Laboratory Accreditation (A2LA) to transition GLI’s Scopes of Accreditation to the 2017 version of the ISO/IEC 17025 standard. This applied to GLI’s laboratories in Lakewood, New Jersey, Wheat Ridge, Colorado, Las Vegas, Nevada, Vancouver, British Columbia, and Macau, China.
“We have been working diligently at each of our worldwide locations to transition our test labs as quickly as possible from the 2005 version to this latest-available 2017 version of ISO 17025,” said GLI Vice President of Technical Compliance and Quality Assurance Chris Gallo. “Our mission is to provide the highest quality testing possible to our clients, and acting within the requirements of our accreditation bodies is a crucial step in that mission.”
Beginning in October 2018, GLI has transitioned its test labs in Asia, Australia, Holland, North America, South Africa, and Spain in an ongoing effort to ensure that its testing labs are compliant with the most current ISO requirements.
While not all of its test labs have yet completed the transition from the 2005 version to the 2017 version, all GLI test labs are operating under the requirements of ISO/IEC 17025:2017.
GLI has established itself as the most highly accredited gaming testing lab in the world by a wide margin. The GLI Group of Companies maintains 27 accreditations from various accreditation bodies worldwide.
About Gaming Laboratories International
Gaming Laboratories International, LLC delivers the highest quality land-based, lottery, and iGaming testing and assessment services. GLI’s laboratory locations are found on six continents, and the company holds U.S. and international accreditations for compliance with ISO/IEC 17025, 17020, and 17065 standards for technical competence in the gaming, wagering and lottery industries. GLI also holds ISTQB certification. For more information, visit gaminglabs.com.
Under the terms of the settlement, CHG will change out, and no longer use the game titles New Money, Arctic Cash, Arctic Ice and Welcome to Nugget Mountain, along with any associated artwork and characters, and any variations of these games. In addition, CHG will remove and no longer use certain machine features and paytables. All relevant games and machines will be modified by April 1, 2020.
CHG has also agreed to make a payment to VGT of $3 million.
Hector Fernandez, President, Aristocrat Technologies, Inc. said, “This settlement again confirms VGT’s (and Aristocrat’s) determination to protect our intellectual property, including VGT’s market-leading Class II portfolio. We will continue to be proactive and aggressive in defending our assets going forward.”
LONDON, Sept. 9, 2019 /PRNewswire/ -- International Game Technology PLC (IGT) ("IGT") today announced the successful pricing of €500,000,000 2.375% senior secured notes due 2028 (the "Notes").
Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
Settlement of the Notes is subject to customary market and closing conditions and is expected to occur on September 16, 2019.
IGT intends to use the net proceeds from the sale of the Notes to repay in full utilizations under its senior revolving credit facilities and for general corporate purposes which may include the scheduled €320,000,000 amortization payment due under its senior term loan facility on January 25, 2020.
The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United Stateswithout registration under the Securities Act or pursuant to an applicable exemption from such registration.
The Notes are being offered and sold only (i) in the United States to qualified institutional buyers in accordance with Rule 144A under the Securities Act and (ii) outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither the content of IGT's website nor any website accessible by hyperlinks on IGT's website is incorporated in, or forms part of, this news release.
The distribution of this news release into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
In any European Economic Area Member State, this news release is only addressed to and is only directed at qualified investors in that Member State within the meaning of Directive 2010/73/EU, together with any applicable implementing measures in any Member State.
The communication of this news release and any other documents or materials relating thereto is not being made, and such documents or materials have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). Accordingly, such documents or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents or materials is exempt from the restriction on financial promotions under Section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"); (ii) persons who fall within Article 43(2) of the Financial Promotion Order; or (iii) any other persons to whom these documents or materials may lawfully be made under the Financial Promotion Order. Any investment or investment activity to which this news release relates is available only to such persons or will be engaged only with such persons and other persons should not rely on it.
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...
IGT intends to use the proceeds from the Offering to repay utilizations under its senior revolving credit facilities in full, for general corporate purposes, which may include the scheduled €320 million amortization payment due under the senior term loan facility on January 2020, and to pay certain debt issuance costs in connection with the Offering.
The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.
The Notes are being offered and sold only (i) in the United States to qualified institutional buyers in accordance with Rule 144A under the Securities Act and (ii) outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither the content of IGT's website nor any website accessible by hyperlinks on IGT's website is incorporated in, or forms part of, this news release.
The distribution of this news release into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
In any European Economic Area Member State, this news release is only addressed to and is only directed at qualified investors in that Member State within the meaning of Directive 2010/73/EU, together with any applicable implementing measures in any Member State.
The communication of this news release and any other documents or materials relating thereto is not being made, and such documents or materials have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). Accordingly, such documents or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents or materials is exempt from the restriction on financial promotions under Section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"); (ii) persons who fall within Article 43(2) of the Financial Promotion Order; or (iii) any other persons to whom these documents or materials may lawfully be made under the Financial Promotion Order. Any investment or investment activity to which this news release relates is available only to such persons or will be engaged only with such persons and other persons should not rely on it.
LONDON, Sept. 6, 2019 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), signed a seven-year contract with the Mississippi Lottery Corporation to provide it with a draw-based central system, lottery terminals, and additional services. IGT signed an additional seven-year contract to supply the production of instant tickets, secure warehousing, and distribution of games. IGT was selected as the preferred bidder for both contracts following the State's competitive procurement. The two contracts have commenced and allow for up to three one-year extensions. The Mississippi Lottery Corporation is expected to sell the first ticket no later than December 1, 2019.
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...
"IGT's experience with providing leading technology, solutions, and services to startup lotteries is unparalleled, having helped 10 lotteries successfully begin their businesses in the U.S. since 1990. IGT will leverage our decades of experience and industry insights to help drive the success of the Mississippi Lottery Corporation, and to introduce compelling lottery entertainment throughout the State," said Jay Gendron, IGT Chief Operating Officer, Lottery. "IGT is committed to supporting the Lottery's short and long-term growth objectives by providing customized, high-performing back-office systems, tools that foster retailer and player engagement, strategic instant ticket development and production, and technology, games, and marketing support that establishes the Lottery as a reputable brand."
"We are thrilled to have IGT on board with the Mississippi Lottery Corporation," said Tom Shaheen, Mississippi Lottery Corporation President."We look forward to partnering with them in our effort as we pursue our mission of raising funds for roads and bridges throughout Mississippi."
The Mississippi Lottery Corporation will receive IGT's Aurora Platform and Retailer Pro, IGT's fastest and most innovative retailer-friendly draw-based lottery terminal. IGT's Retail Digital Media advertising display solution will be provided to stimulate brand awareness, winner awareness, and player recognition of jackpots and game activities, directly at the point-of-sale. The Lottery will leverage IGT's self-service point-of-sale devices including a combination of the GameTouch™ 28 vending machine for players to purchase instant tickets and the GameTouch™ 20 compact vending machine.
As part of the instant ticket contract, IGT will implement its complete instant game supply chain solution, Instant Advantage™, which includes a tailored and strategic approach to the way IGT will design and print instant ticket games for the Lottery. Secure warehousing and distribution of instant tickets to lottery retailers will also be provided.
IGT will also deliver marketing support, field services, primary and back up data centers, call center operations, software support, and retailer training.
IGT has maintained a presence in Mississippi since 1992 through its gaming operation and helped open the first casino in the State. Along with hiring new employees from Mississippi, IGT will open a local office and a warehouse in the Greater Jackson area near the Mississippi Lottery Corporation headquarters to ensure collaboration, maximize efficiency, and address opportunities.
Aristocrat’s new Winner’s World Multi-Game™ bar top cabinet is a revolutionary reinvention of bar top play. The cabinet is now installing at locations nationwide.View photos
Aristocrat’s new Winner’s World Multi-Game™ bar top cabinet is a revolutionary reinvention of bar top play. The cabinet is now installing at locations nationwide.
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This innovative product offers a completely different bar top play experience chock-full of entertainment-style and Buffalo keno games, poker games and player-favorite slot games including Buffalo, Buffalo Gold™, and Wild Lepre'coins™.
"While innovation abounds in every area of the casino, bar top play has been largely stagnant," said Hector Fernandez, president of Aristocrat Americas. "Winner's World Multi-Game™ offers a fresh take for our customers, and we're excited to bring player-favorite Aristocrat games to these venues for the first time."
Winner's World creates a streamlined bar top experience for players, operations and bar staff alike. The cabinet features the industry's largest floating 23.5" LCD tilted monitor complete with an easy-access USB phone charger. Additionally, the monitor boasts a flip top for fast and easy service while simultaneously eliminating counter space intrusion and downtime. Finally, the cabinet is equipped with Aristocrat's "smart-drink" tracking light, making it easier than ever to reward players.
"Winner's World Multi-Game has been an instant fan favorite across Boyd Gaming destinations nationwide," said Mike Laubach, vice president of slot operations. "We look forward to bringing this new and improved bar top play to our players throughout our portfolio."
For more information about Winners World Multi-Game, please click here. Additionally, to find where to play Winner's World Multi-Game, please click here.
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...
Patrons of the New York sportsbook can now place pre-match and in-play wagers over the counter or via the venue's 14 self-service betting kiosks through IGT PlaySports technology. IGT's sports betting platform and peripherals are now deployed in eight U.S. states: New York, Iowa, New Jersey, Pennsylvania, Rhode Island, West Virginia, Nevada and Mississippi.
"Adding Resorts World Catskills to the growing list of operators leveraging the IGT PlaySports platform reinforces the quality, versatility and market readiness of our omni-channel solution," saidEnrico Drago, IGT PlayDigital Senior Vice President. "The continued expansion of IGT PlaySports' footprint validates that we are serious about sports betting, and our '50-state solution' can service a diverse range of IGT customers spanning commercial and tribal casinos, lotteries and racetracks."
To learn why winners choose IGT PlaySports technology visit IGT.com.
“We are extremely pleased to welcome José Carlos Figueroa to GLI,” said Karen Sierra-Hughes, GLI’s Director of Latin America and Caribbean Government Relations and Business Development. “José Carlos’s years of experience as a regulator for the PRTC will be an invaluable resource for our esteemed clients and customers in the Caribbean and throughout Latin America.”
In his new role, Figueroa will maintain relationships with GLI’s regulatory and gaming supplier clients and will grow GLI´s business in the region. This represents an important addition to the group of highly skilled professionals that supports the Latin American and Caribbean region at GLI. His areas of expertise include gaming policy and regulatory development, gaming technology compliance and audit processes, and licensing as well as international government relations.
As the PRTC’s Deputy Gaming Director, Figueroa evaluated, supervised, and coordinated the activities of the Gaming Division Fiscalization Area.
Figueroa also served as licensing supervisor and gaming officer overseeing the operations of the PRTC’s Enterprise and Employee License Unit. Figueroa also analyzed implementation of casino internal controls and standard operating procedures. He also was a project manager for the development of gaming regulations and business intelligence applications of the Gaming Division. Additionally, he was the liaison between the Gaming Division and U.S. and international gaming jurisdictions.
Figueroa majored in Accounting at the University of Puerto Rico, where he earned a bachelor’s degree in Business Administration. He also holds certifications from the University of Nevada, Las Vegas in financial background investigation techniques, slot analysis, and sports betting. Additionally, he is certified by FEMA in Community Emergency Response Teams (CERT).
The following is an open letter by Frank Fantini, CEO of Fantini Research and Publisher of Fantini's Gaming Report:
The report by Union Gaming Analytics might have thrown cold water on plans for a Chicago casino as outlined in recently enacted gaming legislation, but in doing so, the report has opened a unique, once-in-a-lifetime opportunity for you.
My proposal is for Illinois and Chicago to take the exact opposite approach. Instead of proposing what would amount to a slot barn with little to no likelihood of success, dream big. Go for a world-class integrated resort reflecting Chicago’s status as a world-class city.
With a reasonable tax rate and assurance of a city monopoly, renown companies like Las Vegas Sands, Wynn Resorts and MGM Resorts would eagerly compete to build an integrated resort that would be an international tourist attraction.
Say to them: “Come on. Give us your best shot and whoever proposes a resort that will be internationally iconic will get the license.”
That is what Singapore did, and Las Vegas Sands invested $8 billion in building a property that features three high-rise luxury hotel towers supporting a SkyPark that spans all three.
Marina Bay Sands in Singapore generated more than $3 billion in revenue last year. Think of what half of that would mean for Illinois. And Las Vegas Sands is currently planning a $3 billion expansion.
In Macau, six casino companies have, and are, investing billions upon billions of dollars, and they’re doing it at approximately a 40 percent gaming tax.
The draw historically has been Asian high rollers who spend huge sums of money gambling. But the trend in Macau today is to build integrated resorts with compelling tourist attractions to appeal to the rapidly growing Chinese middle class and to tourists from throughout the vast Asia-Pacific region from Korea to Japan to Indonesia.
Las Vegas Sands flagship Venetian Macau generated $3.474 billion in revenue last year and it’s five Macau properties combined for $8.529 billion in revenue. No wonder the company, and its five competitors, are pouring in more billions of dollars to build resorts intended to make Macau the top tourist destination in Asia.
Consider Japan. The Big Three casino companies mentioned above all say they are willing to invest $8 billion to $10 billion for one of the three Japanese licenses, and that will be with a 30 percent gaming tax and plenty of restrictions aimed at guarding against problem gambling.
What would the big integrated resort companies be willing to invest in Chicago with the right economics? Maybe not as much as Singapore, Osaka or Macau, but you can bet it would be in the billions of dollars.
Two more things need to be part of this approach to making Chicago an international draw: 1) Escaping the fear about what an integrated resort would do to McCormick Place and 2) Putting the casino in the very best location for its success.
McCormick Place has nothing to fear from an integrated resort. In fact, the resort would make Chicago that much stronger a competitor for conventions.
Consider Las Vegas. MGM Resorts has been steadily building convention space and is now up to nearly 4 million square feet, with 2 million square feet at Mandalay Bay alone. Las Vegas Sands Expo Center is 1.7 million square feet.
What impact does this have on the Las Vegas Convention Center? It is investing $860 million on a project that includes adding 600,000 square feet of convention space to its current 2.2 million square feet.
In other words, more first-class convention space will make Chicago a more successful convention city.
Finally, the key to success is not high taxes and fees. It is in Chicago taking advantage of being an international, world-class city, and thereby generating far more economic benefit to the city and state than high taxes that preclude success.
Let the City of Big Shoulders be the City of Big Dreams. And accept no less.
Experienced success coaches work in close partnership with clients’ HR teams to help them create their own unique portfolio of custom-tailored online curricula, beginning with Skillsoft’s 165,000-title library of world-class e-Learning content. Users access this unique custom-curated e-Learning content through a dedicated, user-friendly, and custom-branded online portal where they may also consolidate their own in-house content.
“The solution goes beyond affordable 24/7 on-demand course access,” explains Darryl Esau, Bulletproof’s VP of Learning Services. Many eLearning programs fail because they weren’t set up for success in the first place. Our powerful framework provides monitoring and reporting and on-going support including a dedicated Success Manager to help our clients achieve optimal onboarding, adoption, and deployment results. That’s something a lot of LMS providers don’t do. Creating the best conditions for learning success translates to a superior learning experience and maximum ROI for our clients.”
Organizations have the option to choose between two bundles of eLearning to meet their specific requirements. The Bulletproof Select 300 Bundle includes content titles from IT, Business Skills and Productivity & Collaboration libraries while the Compliance Bundle includes topics from legal and ethics to workplace safety training.
“As a global leader in corporate learning, Skillsoft is trusted by the world’s leading organizations, including 65% of the Fortune 500. We are thrilled to partner with Bulletproof to launch Bulletproof Academy, providing both the most extensive eLearning catalog and the best user experience platform!” said Ms. Gwenn Lazar, Senior Director, Global Partner Programs, Skillsoft.
First Installs Across the U.S. Include Foxwoods, Mohegan Sun, Pechanga, and San Manuel
LAS VEGAS – August 22, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced the launch of its new Orion Upright slot platform, the latest addition to its Orion family of game cabinets. The Company pre-launched the cabinet earlier this year, and it is currently entertaining players at Foxwoods Resort Casino and Mohegan Sun Casino & Resort in Connecticut; in southern California at Pechanga Resort Casino and San Manuel Casino; and in Oklahoma at WinStar World Resort & Casino – to name a few.
Like AGS’ Orion Portraitsm and Orion Slantsm, the new Orion Upright features the distinctive Orion starwall design,beautifully rendered with 420 full-color LED lights that synchronize with game-play, celebrate wins, and create eye-catching merchandising and attraction across the casino floor.
AGS Senior Vice President of Slot Products Andrew Burke said, “The Orion Upright is an exciting addition to our growing Orion family, providing us with a beautifully engineered dual-screen upright cabinet option. With the Orion Portrait, Slant, and Upright, we are now able to serve nearly 70 percent of the U.S. casino market with three distinct, yet complementary platform options for every size casino.”
Featuring dual large 27-inch HD displays, a 21.5-inch HD LCD topper designed to attract, ergonomic multi-touch LCD button deck, dual high-bright PLAY buttons, and an integrated USB charging port for personal electronics, AGS’ Orion Upright is also distinguished for reliability its ease of serviceability, with seamless accessible to key components.
AGS released the Orion Upright with a large library of proven dual-screen titles and promising new titles, including Fortune Blast® titles Blazing Luck™, Imperial Luck™, Goddess Treasures®, and Luck & Luxury®.
Highlights from the PGCB include:
· Internet Gaming Win was $2.9 million in July compared to $1.4 million in the prior sequential month, reflecting an increase of 100.7%.
· Total Internet Sports Wagering Handle(1) was approximately $39.0 million for the month of July, compared to:
- $19.3 million for the month of June;
- $0.6 million for the month of May; and
- nil for the month of April.
· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of July were $2.9 million, compared to:
o $1.4 million for the month of June;
o nil for the month of May; and
o nil for the month of April.
(1) Gross amount of money accepted in wagers
(2) Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months
This information will be updated and published each month, following publication by the PGCB, in order to enable the investor community to readily monitor growth of Internet gambling in Pennsylvania, which remains a key market for GAN.
LONDON, U.K. (August 15, 2019) -- International Game Technology PLC (“IGT”) (NYSE: IGT), announced today that it will upgrade the Oregon Lottery’s central computer system with the latest version of IGT’s INTELLIGEN™ software. The INTELLIGEN central system supports the volume, complexity, and security of monitoring and controlling more than 11,500 video lottery terminals (“VLTs”) throughout Oregon.
“Our longstanding partnership with IGT has enabled us to operate our statewide video lottery system with the highest standards of integrity and security, and has helped us grow revenue to fund programs Oregonians care about including schools, parks, and economic development,” said Barry Pack, Oregon State Lottery Director. “We look forward to collaborating with IGT on the INTELLIGEN upgrade, so we can continue to provide our players the chance to win exciting jackpots through a safe and reliable system.”
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Through the upgrade of IGT INTELLIGEN, the Oregon Lottery will gain access to industry-leading technology that can help drive revenue and position the Lottery to deploy future functionality,” said Jay Gendron, IGT Chief Operating Officer, Lottery. “The Oregon Lottery has one of North America’s most successful VLT programs, and IGT has been providing it with innovative technology for more than three decades. We are confident that the Lottery will benefit from these enhancements through improved system performance and the ability to manage its network more efficiently.” |
INTELLIGEN systems are deployed worldwide connecting a wide range of VLTs in a variety of gaming environments. The software is built on more than 20 years of central system experience and offers stable, secure command and control capabilities. It supports the Gaming Standards Association’s Game to System® (G2S) standard protocol, which enables an enhanced player user interface, improved responsible gaming features, and additional player-centric functionality.
The Oregon Lottery has been an IGT customer since 1985. In addition to VLTs and the INTELLIGEN central system, IGT also provides the Oregon Lottery with traditional draw-based lottery products and instant ticket games and services.
In Bet Founder, President, and CEO Ronald LaDuca Joins AGS’ Sales Leadership Team
LAS VEGAS – August 19, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it has acquired all assets and operations of New Jersey-based In Bet Gaming (“In Bet”), a leading developer of proprietary table games and table-game side bets. AGS also announced that In Bet’s Founder, President, and Chief Executive Officer Ronald LaDuca will joinAGS’ executive team as Vice President of Table Products Sales.
AGS Senior Vice President of Table Products John Hemberger said, “We have had a strong partnership with the In Bet team for a number of years, and in 2017 we bolstered our relationship by acquiring five of their dynamic table progressives that continue to drive business for us today. Now, in addition to investing in the remainder of their innovative game assets, we are thrilled to welcome In Bet Founder, President, and CEO Ron LaDuca to our sales team in a leadership role. We will leverage Ron’s many trusted, long-term relationships with table-game operators to continue to grow our table products business, while capitalizing on In Bet’s pioneering inventions to drive revenues and player engagement in the casino pit.”
LaDuca, a gaming industry veteran of 30 years, brings more than a decade of executive experience to AGS. He founded In Bet Gaming in 2009, leveraging his years of table games experience in casino operations to develop new concepts for games that add excitement to the casino pit while providing players with the opportunities for a more rewarding experience. Before founding In Bet Gaming, LaDuca served in numerous table-game operations roles, helping to open the Showboat Atlantic City; Foxwoods Resort Casino in Connecticut; and West Virginia’s Mardi Gras Casino & Resort and The Greenbrier.
“I’m thrilled that AGS has purchased In Bet’s remaining assets and feel confident that our exciting game inventions will continue to attract and engage players across the globe in the hands of the experienced and passionate AGS development, product management, and sales teams,” LaDuca said. “I look forward to joining Team AGS and helping continue their momentum in table products.”
Under this agreement, AGS acquired four proprietary games from In Bet Gaming:
- 3 Card Blitz™ — an exciting, fast-paced flush-based game in which the player and dealer compete to get the higher-valued hand.
- Dragon Poker™ — a four-card poker game in which players build traditional poker hands with a special deck of 53 Asian-themed cards.
- Double Down Blackjack™ — a quick-paying blackjack-style game in which players vie for the higher point total against the dealer.
- Straight to the Flush™ — a new poker game in which the player builds their largest straight or flush and goes heads-up against the dealer.
These games, along with numerous AGS table products innovations, will be on display at the Global Gaming Expo October 15-17 in AGS’ Booth No. 1253 at the Sands Expo in Las Vegas. Click here to get your free G2E pass.
London & Dublin - August 15, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on August 14, 2019, by the New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of July 2019 in New Jersey.
Highlights from the DGE include:
· Internet Gaming Win was $39.3 million in July compared to $25.9 million in the prior year period, reflecting a year-over-year increase of 51.8%.
· Total Internet Sports Wagering Handle(1) was approximately $213.0 million for the month of July, compared to:
- $226.7 million for the month of June;
- $263.6 million for the month of May; and
- $254.0 million for the month of April.
· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of July were $13.9 million, compared to:
o $6.9 million for the month of June;
o $13.7 million for the month of May; and
o $16.6 million for the month of April.
(1) Gross amount of money accepted in wagers
(2) Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months
This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.
The Company may consummate these repurchases pursuant to one or more trading plans to be adopted in accordance with Rule 10b5?1 of the Securities Exchange Act of 1934, as amended, in privately negotiated transactions, in open market transactions, in transactions pursuant to Rule 10b-18 of the Securities Exchange Act of 1934, as amended, or pursuant to an accelerated share repurchase program. The timing and amount of any repurchases will be in the sole discretion of the Company’s management team, and will depend on legal requirements, market conditions, stock price, alternative uses of capital, and other factors. The Company is not obligated to repurchase any of its shares of common stock, and the stock repurchase program may be suspended or discontinued at any time.
AGS President and Chief Executive Officer David Lopez said, “This share repurchase program demonstrates our board of directors’ confidence in the continued strength and long-term growth prospects of AGS. We believe that the company’s shares are significantly undervalued and that we can implement this program while maintaining ample liquidity to continue investing in R&D and capitalizing on numerous potential growth initiatives ahead of us.”
Lucky slot players won the following million dollar-plus jackpots on IGT games in July:
On July 13, a Powerbucks slots player won a CA$2,152,860.83 jackpot playing the Powerbucks Powerhits game at Treasure Cove Casino in British Columbia, Canada. This giant jackpot marks the largest Powerbucks jackpot ever awarded.
On July 25, a Powerbucks slots player won a CA$1,032,792.28 jackpot playing the Powerbucks Powerhits game at Casino Lac-Leamy in Quebec, Canada.
On July 27, a Powerbucks online slots player won a CA$1,004,723.31 jackpot playing Wheel of Fortune Hawaiian Getaway™ on lotoquebec.com.
On July 27, a Wheel of Fortune slots player won a $1,081,144.93 jackpot at Golden Nugget Atlantic City Hotel, Casino & Marina in Atlantic City, New Jersey.
Since making its Canadian debut in 2016, Powerbucks has awarded more than CA$13 million in life-changing jackpots.
LAS VEGAS (August 7, 2019) – Casino players can “Xperience the Difference” in a new gaming sensation from Aristocrat. The company’s latest innovation, the MarsX™ cabinet, has touched down first at Graton Resort & Casino in Rohnert Park, Calif., and will soon be coming to casinos everywhere.
The innovative MarsX cabinet gives operators an entirely new way to illuminate their player’s Xperience with both Game Sales content as well as Premium Content Lease options.
Photos: Buffalo Gold Revolution cabinet shot, MarsX cabinet on the floor at Graton Resort & Casino
“At Aristocrat, we have an unequaled passion for play. We never stop thinking about our customers and their players, and how we can bring the game to out-of-this-world levels of fun and entertainment,” said Nathan Drane, VP Commercial Strategy, Games Sales & Class II.
Sleek, modern, and inventive, the MarsX cabinet sparks a revolution in game floor layout. Operators will appreciate the design of the MarsX machine, which fits easily into any standard cabinet space. When placed back-to-back, its unique shape opens sight lines across the casino.
Additionally, its ergonomic design provides more efficient accessibility for field service technicians, decreasing service time in the field. Game-complimentary corona sync edge lighting creates a unique play environment. LCD toppers are supported with game-driven content for added entertainment.
For players, the new MarsX cabinet has two 27” 4k displays and new Gen 9™ internal components drive performance and allow for uninterrupted high-speed game play. A premium virtual button deck offers a high definition and a minimalistic way of wagering. Incorporated into the deck is the latest in wireless charging technology, allowing players to charge their phone by simply placing it onto the deck. A 4:1 speaker system optimally projects audio from around the displays, providing crisp, balanced sound.
The MarsX cabinet is launching with five industry-leading titles leveraging Aristocrat’s biggest brands and bringing innovation to the Games Sales space. Buffalo Gold Revolution™ is the latest installment in Aristocrat’s Buffalo franchise which extends on the top performing Buffalo Gold™ with a new Jackpot wheel and base game feature. This feature can turn royal symbols into Buffalo on any spin. The Mighty Cash™ brand expands onto MarsX by leveraging the strong Hold & Spin mechanic and combining it with a Metamorphic trigger pot for the first time. Finally, the new Fu Dai Lian Lian™ franchise will feature an industry-first -- three metamorphic pots, and each pot can trigger a unique feature.
The MarsX cabinet is taking the industry by storm with Dollar Storm™, an exciting lease option for this model. Dollar Storm is the highly anticipated
Visit aristocrat-gaming.com/marsx for more information.
Company to spotlight new performance-driving games
and Australian debut of mobile loyalty technology
LONDON, U.K. – Aug. 6, 2019 – International Game Technology PLC (“IGT”) (NYSE: IGT) today announced that the Company is featuring a range of compelling solutions at this year’s Australasian Gaming Expo (“AGE”) from August 13-15. Based on the theme
“Raise Your Game,” the Company’s stand at the International Convention Centre in Sydney is showcasing a strong line-up of regionally attuned games with exciting new features, a diverse range of volatilities, and new styles of game play.
“IGT is offering an array of engaging products designed to deliver more player entertainment and strengthen player loyalty while increasing performance at our customers’ gaming venues,” said Andrew Hely, Managing Director of IGT Asia Pacific. “For example, our recently launched Bubble Blast™ Link is performing
exceptionally well on game floors. At AGE, we’re unveiling a new game for this link, Spells and Whistles™, as well as launching a standalone progressive version of the game to provide smaller venues with greater variety on the gaming floor.”
Other examples of IGT’s high-performing solutions at AGE include the Cleopatra Rising™ game, an evolution of IGT’s Waterfall play feature where one spin can affect the next, including multi-denoms, jackpots, and a scalable bonus prize. It’s the first in IGT’s “Rising” range now live in the market and entertaining players with engaging graphics. Two new games in the series are being unveiled at AGE: the Fortune Rising™ and Treasure Rising™ games. As well as featuring new themes, these titles offer players an additional option in the high-denom segment.
Additional featured titles include the Fortune Coin™ game, a strong global performer localized for the Australian market with a progressive feature that boosts bonus prizes. IGT’s Multistar Legends™ theme offers six classic games with a twist — a new-style jackpot where two-game groups share a special progressive jackpot. IGT’s Systems team is debuting the Cardless Connect™ solution in the region. This technology puts the player loyalty card on players’ mobile phones, enabling a new series of product offerings for customers, driving strong player uptake, and providing a convenient, ‘frictionless’ way for patrons to interact with their venue of choice.
For more information, visit IGT.com or go to Facebook at facebook.com/IGT, follow us on Twitter, twitter.com/IGTnews or watch IGT videos on youtube.com/igt.
LAS VEGAS (August 6, 2019) – Global Gaming Women (GGW) has named Christie Eickelman its new President of its Board of Directors. Eickelman is Vice President of Global Marketing at Gaming Laboratories International (GLI®) and will serve as GGW’s Board President for a two-year term.
Eickelman takes the place of Phyllis A. Gilland, SVP & General Counsel at Golden Entertainment, who served as GGW’s president for the past two years. She said, “I am very proud of the number of women GGW has been able to reach out to and affect through the GGW educational and event opportunities GGW has provided, and of how we have grown GGW’s presence and structure. I’ve grateful to have had the opportunity to work with the past and present Board members whose continued support is so important to mission of organization.”
Eickelman was one of the founding members on the Global Gaming Women Board. Previously she served as Vice President & co-chair of the Events Committee. She said as President her primary goal will be to ensure the financial future of the organization.
“Global Gaming Women has a strong mission statement, and our guiding principles of courage, integrity, and leadership continue to inspire our Board and the women we serve. We are grateful to the many companies and individuals who back GGW, and as we broaden our donor structure, we will ensure we will have the resources necessary to support the development of women at all levels throughout the industry,” Eickelman said.
Giving back to her community is a passion for Eickelman. She is a member of the Andson Foundation Board and on the Executive Leadership Committee of the American Heart Association-Go Red for Women Luncheon of Southern Nevada. Recently the Oklahoma Indian Gaming Association honored her contributions to the Indian Gaming Industry with the 2019 OIGA Modern Day Warrior Award.
Eickelman has been blazing a trail for women to follow in the gaming industry since 1992, first serving as Marketing Manager for Sodak Gaming Inc. and at Wolf Gaming LLC as Vice President of Marketing and Public Relations. She joined GLI in 1999 as Marketing Manager, shaping GLI’s brand in North America. In 2001, she was promoted to Director of Marketing and Development, overseeing the North American development team in their daily responsibilities. In June 2007, she was promoted to Senior Director of Worldwide Marketing, and in September 2012, she was promoted to Vice President.
As GLI’s VP of Global Marketing, she directs and implements all marketing programs for GLI’s worldwide locations and for the GLI Group of companies. Her responsibilities include building the corporate brand and establishing and directing marketing functions in accordance with GLI’s policies, regulations and sound business practices.
In 2005, she was selected as a Great Woman in Gaming by Casino Enterprise Management magazine, and in 2008, Global Gaming Business magazine named her one of the 25 People to Watch in Gaming.
LONDON & DUBLIN--(BUSINESS WIRE)--GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators1 for the second quarter of 2019, highlighting continued YoY growth reflecting high demand for Internet sports betting and casino cross-selling from Internet sports bettors into internet casino gaming in New Jersey.
“The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the U.S. strategy executed on by GAN following the repeal of PASPA, as well as our Platform technology’s ability to scale to meet the needs of our diverse clients. ”
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the U.S. strategy executed on by GAN following the repeal of PASPA, as well as our Platform technology’s ability to scale to meet the needs of our diverse clients.
The rapid rate at which States continued to legalize Internet gambling in Q2 continues to validate our confidence in the U.S. market opportunity and the seasonality in Q2 was both anticipated and exaggerated by U.S. Internet sports betting.
A dedicated Head of Investor Relations Mr. Jack Wielebinski, has been appointed to lead our U.S. investor relations efforts as well the implementation of an all-new GAN.com website before year’s end which will include substantial content and features designed both to serve existing investors and better-inform prospective investors on GAN’s exciting equity story, products and services.”
Second Quarter 2019 Highlights
This Quarterly publication discloses the Active Player-Days, Average Revenue Per Active Player-Day (ARPDAU) and Gross Operator Revenue, in which GAN participates worldwide in regulated real money Internet gambling markets and Simulated Gaming™.
- Gross Operator Revenue, which comprises the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting, increased 128.3% year-over-year and -7.3% quarter-over-quarter to $54.8 million. This change was driven by strong growth in real money regulated gambling in the US.
- Active Player-Days at 4.8 million is an increase of 52% year-over-year and decline of -9.9% quarter over quarter.
1. The numbers contained herein are unaudited and derived from GAN’s internal business intelligence reporting systems
Company Schedules 2019 First Half Financial Results
The Company is expected to release its results for the half year period ended June 30, 2019 on September 27, 2019.
About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.
GAN is listed on the London Stock Exchange (LSE: GAN).
For more information please visit www.GAN.com.
The expanded relationship announced on January 10, 2019 is now commercially operational in Pennsylvania and represents a material increase in the value of the partnership to GAN.
Management Commentary
Jeff Berman, Chief Commercial Officer of GAN commented:
"The launch by FanDuel of Internet sports betting in the State of Pennsylvania extends our relationship across the border from neighboring New Jersey and represents a significant milestone for GAN. Our effective and compliant Platform represents a premium component of the supply chain rather than a commodity and our team delivered on-time for the #1 operator of Internet gambling in the U.S. today."
International Game Technology PLC Announces Appointment of Dr. Samantha Ravich to Board of Directors
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...
Dr. Ravich is the Chair of the Center on Cyber and Technology Innovation at the Foundation for Defense of Democracies and its Transformative Cyber Innovation Lab; the Vice Chair of the President's Intelligence Advisory Board; a Commissioner on the Congressionally-mandated Cyberspace Solarium Commission; and a member of the Secretary of Energy's Advisory Board. Dr. Ravich is also a managing partner at A2P, LLC and a Board Governor at GIA. Previously, among other roles, she served as Deputy National Security Advisor for Vice President Cheney. Dr. Ravich received her Ph.D. in Policy Analysis from the RAND Graduate School and her MCP/BSE from the University of Pennsylvania/Wharton School.
"Samantha's extensive experience, and focus on cybersecurity, are welcome complements to the existing expertise of our board members," said Lorenzo Pellicioli, Chairperson of the Board of Directors of IGT."We look forward to working with her."
LONDON -- IGT announced today that with the recent deployment of the FanDuel Sportsbook online and mobile betting platform in Pennsylvania, the FanDuel Sportsbook is now leveraging the full, omni-channel capabilities of IGT PlayDigital’s sports betting platform.
In partnership with Boyd Gaming and Valley Forge Casino Resort, FanDuel is bringing an online sports betting experience that is simple, secure, and more convenient than ever to individuals located in Pennsylvania. The state of Pennsylvania joins New Jersey as the two states where the FanDuel Sportsbook online and mobile platform is available since PASPA was struck down last year.
IGT PlayDigital’s omni-channel solution now enables Connected Play by providing patrons of the Pennsylvania sportsbook the option to place pre-match and in-play wagers over the counter, at self-service betting kiosks, and via FanDuel’s simple, secure and convenient mobile app.
“By leveraging IGT PlayDigital’s sports betting platform, FanDuel Group can confidently offer choice and convenience to players in Pennsylvania when they are placing sports bets. Our sports betting platform continues to prove its effectiveness in delivering seamless player experiences across channels, and when paired with the FanDuel brand, has emerged as a market-leading solution,” said Enrico Drago, Senior Vice President IGT PlayDigital. “The introduction of mobile sports wagering in Pennsylvania marks yet another meaningful milestone in IGT PlayDigital’s partnership with FanDuel Group, and reinforces the quality and multi-state scalability of the products and services that we offer to operators who are looking to offer sports betting.”
In addition to FanDuel Sportsbook at Valley Forge Casino, IGT PlayDigital’s sports betting platform is currently powering FanDuel Group’s record-setting sports betting operations at The New Meadowlands Racetrack in New Jersey, the recently opened sportsbook at Tioga Downs Casino in New York, and the sports betting venue at The Greenbrier Casino Club in West Virginia.
To learn why winners choose IGT PlayDigital sports betting technology visit IGT.com.
IGT Media Contact:
Michelle Schenk (702) 669-8177 – michelle.schenk@IGT.com