New York-listed supplier International Game Technology (IGT) has secured a seven-year contract to provide new lottery equipment and services to the South Dakota Lottery.
Subsidiary IGT Global Solutions Corp will provide the lottery with a wide array of products including an updated lottery central system, business intelligence tools, new point-of-sale and self-service lottery terminals, as well as ongoing maintenance and retailer training.
The contract was awarded following a competitive procurement process and is expected to commence on November 3rd, 2019, with an option for an additional eight-year extension.
"IGT has been our primary lottery vendor since 2009, and with their support, we've been able to deliver more than $2.82bn to education, developing natural resources, and providing problem gaming treatment services since 1987," said South Dakota Lottery executive director Norm Lingle. "We look forward to continuing our relationship with IGT to generate even more funds for these important causes in our state throughout the next seven years."
Jay Gendron, IGT chief operating officer, Lottery, commented: "We are pleased to work with the South Dakota Lottery to deliver our industry-leading lottery solutions which will provide the flexibility to help evolve, manage, and grow the Lottery's sales now and in the years ahead.
"These products will provide greater insight into player behavior to help the Lottery continue to deliver exciting games and content that players want."
Shares in International Game Technology plc (NYQ:IGT) closed in New York Wednesday up 0.87 per cent at $15.12 per share.