New York-listed supplier International Game Technology (IGT) has secured contract extensions with Canada’s Loto-Québec and Slovakia’s Tipos.
The three-year contract extension with the Canadian provincial operator was agreed by subsidiary IGT Canada Solutions and runs until September 2021. This will see IGT continue to provide its INTELLIGEN video lottery central system to Loto-Québec, including hotline services, advanced business intelligence, distributed game management, and diagnostic modules.
"Our INTELLIGEN solution is used by Loto-Québec to monitor nearly 10,000 VLTs in the province, all of which are provided by IGT," said Jay Gendron, IGT chief operating officer, Lottery. "The INTELLIGEN central management system ensures the lottery has full control of the complexity, security, integrity, and advanced reporting of their VLT network to optimize operations and drive growth for their business."
The company has also this week signed a ten-year agreement with Slovakian state-owned lottery operator Tipos.
IGT will deliver new lottery technology and ongoing services to Tipos, which has been an IGT customer for over 25 years.
"IGT's expertise and technology innovations will provide Tipos with the flexibility and power it needs to effectively manage and grow the lottery," said Tipos CEO Jan Barczi. "We look forward to continuing our relationship with IGT to enhance funding for important causes in Slovakia over the coming decade."
IGT will provide Tipos with a new lottery central system, retail terminals, associated software and peripherals, as well non-lottery software and services such as prepaid mobile phone top-ups and event ticketing for sports and cultural events.
"This agreement represents an exciting new era in the long-term relationship between IGT and TIPOS," said Declan Harkin, IGT senior vice president & chief operating officer, International. "Tipos will benefit from IGT's latest lottery solutions, including our core lottery platform Aurora, our Open Retail terminal platform, and Retailer Pro, IGT's next-generation retailer terminal.
“In addition to providing exceptional performance and reliability, Aurora's business features and functions will enable long-term innovation and growth for TIPOS and their expanding customer base, ultimately increasing revenues to good causes."
Shares in International Game Technology plc (NYQ:IGT) closed in New York Tuesday down 2.75 per cent at $13.44 per share, just off their 52-week low of $13.33 per share set on December 24th.