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IGT And William Hill U.S. Chosen By The Rhode Island Lottery To Provide End-To-End Sports Betting Technology And Services

George Miller

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IGT And William Hill U.S. Chosen By The Rhode Island Lottery To Provide End-To-End Sports Betting Technology And Services
Reading Time: 4 minutes

LONDON, Aug, 2018 — IGT, a wholly-owned subsidiary of International Game Technology PLC (“IGT PLC”) (NYSE:IGT), and commercial partner William Hill U.S. announced that they have been chosen by the Rhode Island Lottery to be the end-to-end sports betting service provider at the state’s licensed video lottery and table game establishments, Twin River Casino and Tiverton Casino. Sports betting operations are expected to go live at both locations by mid-November. The initial term of the contract is for a period of five years from the date that the first sports wager is placed at either venue, and may be extended by mutual consent for two successive five-year terms.

“It’s an exciting time for the Rhode Island Lottery,” said Gerald Aubin, Rhode Island Lottery Director. “With the introduction of legalized sports betting, we will leverage world-class resources and technology from IGT and William Hill to provide the best-possible sports betting experience for the patrons who visit our casinos.”

“We are pleased that Rhode Island is the first lottery to set up sports betting operations post-PASPA,” said Renato Ascoli, IGT CEO, North America. “IGT is a leading and proven supplier of sports betting technology in the U.S. The combination with William Hill, a leading sports betting operator in the U.S., uniquely positions us to provide the Rhode Island Lottery with a comprehensive, market-ready solution to maximize sports betting revenues and returns to good causes for the state of Rhode Island.”

“IGT is a world-class gaming technology company and we could not be more happy to partner with them to provide a world-class sports betting solution for the state of Rhode Island,” said Joe Asher, CEO, William Hill U.S.

Under the contract, a complete end-to-end sports betting service will be provided to the Rhode Island Lottery, utilizing IGT’s sports betting platform with William Hill providing best-in-class sports betting operation and risk management.

 

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.

About William Hill
William Hill PLC is one of the world’s leading betting and gaming companies, employing over 16,000 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its $2.1 billion annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, which is now the largest sports betting business in the USA. William Hill US currently operates 107 race and sports books in Nevada and the state’s leading mobile sports betting app.  Following the ruling in May 2018 by the Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, the company is planning to operate where permitted by law throughout America. William Hill US is operating in New Jersey at Monmouth Park Racetrack and Ocean Resort Casino and is a licensed sports betting provider for several casinos in Mississippi.  William Hill US is the exclusive risk manager for the sports lottery in Delaware.  William Hill also has licensed operations in The Bahamas, Italy and Spain and serves online customers throughout the world from its Online headquarters in Gibraltar.

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, 2017 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. 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.

 

Source: IGT

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Sports Betting Bill of Michigan Moves Forward

Niji Narayan

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Sports Betting Bill of Michigan Moves Forward
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A sports betting bill would allow organised sports betting in Michigan casinos and online was passed out of a state house committee. State Representative Brandt Iden of Kalamazoo is sponsoring the legislation.

“Because this is already going on in the market place so we can protect those people who want to play and want to play legally, and we can, you know, make the state a little bit of money, which I think is also a positive,” Iden said.

Iden hopes the bill continues to make its way through the legislature and onto Governor Gretchen Whitmer’s desk before Superbowl season.

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Gambling in the USA

Gaming Innovation Group extends Hard Rock’s sportsbook in Iowa

George Miller

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Gaming Innovation Group extends Hard Rock's sportsbook in Iowa
Reading Time: 2 minutes

 

We found in a new press release that

Gaming Innovation Group Inc. (GiG) has reached an agreement with its partner, Hard Rock International (Hard Rock), to support its market entry with sports betting in the US state of Iowa. The sportsbook will initially launch with an over-the-counter solution on the casino floor at the Hard Rock Hotel & Casino Sioux City in Iowa. This will be followed by the launch of online and mobile sports betting in Iowa, expected in Q4 2019.

In Iowa, Hard Rock will offer a similar seamless and engaging betting experience for its consumers as it has already delivered in New Jersey, with an omni-channel sportsbook solution based on GiG’s modern and flexible technology.

For GiG, this means the Company will be able to leverage its platform in the US adding more scale to its network and revenues to the business. GiG already has the groundwork done in New Jersey after a successful proof of concept suitable and relevant to the American audience.

Iowa is one of the 12 states in the US legalising sports wagering since the US Supreme Court overturned the federal sports wagering ban in 2018. In August this year, the Iowa Racing and Gaming Commission (IRGC) authorised the 19 casinos in the state to offer statewide retail, online and mobile sports betting to consumers aged 21 or over. Iowa has approximately 3.2 million inhabitants and should also benefit with visitors from neighboring states such as Nebraska and Minnesota. It has an estimated mature sports betting market valued at revenues of around $160 million based on the total amount of money wagered by consumers. The tax rate on the sports betting revenue is 7.5%.

GiG expects this agreement to have limited impact on its revenues in 2019, with an increasing contribution from the launch of online and mobile betting in 2020 onwards.

Kresimir Spajic, Senior Vice President of Online Gaming at Hard Rock International says, “We’re excited to extend our partnership with GiG to support sports betting in Iowa, and further grow our sportsbook portfolio.”  

“Offering sports betting through GiG provides our players and guests a new level of engagement – we couldn’t be more thrilled to be launching in Iowa,” Jim Franke, General Manager of Hard Rock Hotel & Casino Sioux City.

Richard Brown, acting Chief Executive Officer of GiG says, “After a successful launch in New Jersey, I am delighted to further deepen the relationship with Hard Rock, delivering on our strategy to grow with our partner by entering a new state in the US with our sportsbook. The agreement is both a testament to our know-how and prowess to lead a land-based casino into the digital world of betting, and a strong validation of GiG’s commercial and product delivery capabilities. We are looking forward to growing with our partner long term. We have mutual ambitions to entertain consumers with a safe and exciting first-class sports betting experience.”

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Gambling in the USA

Vegas Golden Knights home opener viewing party at the Plaza Hotel & Casino

George Miller

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Vegas Golden Knights home opener viewing party at the Plaza Hotel & Casino
Reading Time: 1 minute

 

The Plaza Hotel & Casino will host a free viewing party for the Vegas Golden Knights home opener against the San Jose Sharks on Wednesday, Oct. 2.

The free viewing party, open to all ages, will be held in the Plaza Events Center, which has 18 large screen high definition televisions, two projectors and a state-of-the-art sound system, making it one of the best sports viewing experiences in downtown Las Vegas.

Guests can toast the Knights with an exclusive $4 12 oz. Training Day draft beer from 7Five Brewing, Ryan Reeves’ Official Vegas Born Beer (while supplies last). A special $2 Irish Whiskey Shot will also be available with any draft beer purchase. The party will also offer pizza and wing specials from Pop Up Pizza and beer buckets: Domestic (5 bottles for $25) or Imported (5 bottles for $30).

Throughout the game, the Plaza will giveaway official VGK licensed Items, such as lanyards, car gear, hats, bags, VGK wine, and select inaugural season Items. One lucky guest will also have a chance to win a 2-night complimentary stay in one of the Plaza’s newly renovated premium Luxe rooms (restrictions may apply). Each guest will receive one complimentary drawing ticket upon entry for a chance to win prizes (21 years of age or older for certain items).

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