International Game Technology PLC Report 3Q 2015
- Adjusted EBITDA of $414 million and
adjusted earnings per share of $0.41; GAAP earnings per share of
- Resilient profitability reflects diversity
of business, disciplined operational management and synergy
- Free cash flow was $132 million in the
- The Company is confident in reaching the
top half of its full year 2015 adjusted EBITDA outlook
LONDON, U.K. (November 12, 2015) --
International Game Technology
PLC (IGT) (NYSE:IGT) today reported financial results for the third
quarter and nine months ended September 30, 2015.
We are pleased to report
third quarter profitability in line with our expectations in this year of
transformation, said Marco Sala, CEO of IGT. In our global
lottery operations, we delivered another resilient set of results and we are
encouraged by our new game performance. As expected, product sales moderated
from the second quarters high level. We are focused on driving growth
through innovation. Our recent showcases at the leading gaming and lottery
trade shows demonstrated that commitment and the power of combining our
compelling content and leading-edge technology to cement our industry
Our third quarter results
reflect the diversity of our business and disciplined operational
management, said Alberto Fornaro, CFO of IGT. Our synergy
plans remain on track, free cash flow generation was strong, net debt was
reduced, and our financial condition remains solid. We planned our first year
as a combined company prudently; based on our year-to-date results and current
top-line visibility, we are confident in reaching the top half of our 2015
adjusted EBITDA outlook.
|Note: Pro forma is defined as the
combined results of GTECH and legacy IGT for period prior to the second quarter
of 2015. Adjusted operating income, adjusted EBITDA, and adjusted net income
per diluted share are non-GAAP financial measures. Reconciliations of non-GAAP
financial measures to the most directly comparable GAAP financial measures are
provided at the end of this news release.
All figures presented in this news
release are prepared under U.S. GAAP, unless noted otherwise.
As a result of the combination of
GTECH S.p.A. (GTECH) and International Game Technology
(legacy IGT), which was completed on April 7, 2015, a number of
items affect the comparability of reported results. Reported financial
information for the third quarter of 2015 includes the results of operations of
IGT for the entire period, while reported financial information for the third
quarter of 2014 includes only GTECH operations. Reported financial information
for the first nine months of 2015 includes IGT for the second and third
quarters and only GTECH operations in the first quarter, while the reported
nine month 2014 figures are for GTECH only. Pro forma figures represent the
combined results of both companies in 2014 and in the first nine months of
Adjusted figures exclude the impact
of purchase price amortization, restructuring expense, and certain one-time,
primarily transaction-related items. Reconciliations to the most directly
comparable GAAP measures are included in the tables in this news release.
Reported 2015 results were adversely
affected by the strengthening of the U.S. dollar compared to the euro; the
daily average U.S. dollar to euro foreign exchange rate was 1.11 in the third
quarter of 2015 compared to 1.33 in the third quarter of 2014. Constant
currency changes for 2015 are calculated using the same foreign exchange rates
as the corresponding 2014 period.
The Company has harmonized the
methodology used to calculate pro forma, adjusted EBITDA in the first calendar
quarter of 2015 by adding back certain legacy IGT items that had not been
previously included. This has resulted in a $30 million increase to pro forma,
adjusted EBITDA in the first quarter of 2015, which is also included in the
Companys revised, full year 2015 outlook.
Management believes that referring
to certain pro forma, constant currency, or adjusted measures is a more useful
way to evaluate the Companys underlying performance.
Overview of Consolidated
Third Quarter Results
Reported consolidated revenue grew
30% to $1.22 billion from $938 million in the third quarter of 2014, reflecting
GTECHs acquisition of legacy IGT. On a pro forma, constant currency
basis, consolidated revenue declined 10%. Resilience in global lottery
operations was more than offset by an expected decrease in gaming product
sales, largely due to significant Oregon VLT and casino conversion sales in the
third quarter of 2014, in addition to the variability in the timing of new
casino openings. During the quarter, the Company sold 6,622 gaming machines
worldwide and global lottery same-store revenue, excluding Italy, increased
On a reported basis, adjusted EBITDA
of $414 million was 21% above the third quarter of 2014. On a pro forma,
constant currency basis, adjusted EBITDA was 17% below the prior-year period,
primarily due to sales dynamics in the quarter, which were partially offset by
lower operating expenses.
Reported operating income was $130
million compared to $184 million in the third quarter of 2014. On a pro forma,
constant currency basis, adjusted operating income was 19% below the
year-earlier period, as higher lottery profits were more than offset by lower
Interest expense was $122 million
compared to $75 million in the prior-year period due to increased debt incurred
to finance the legacy IGT acquisition.
Net income attributable to IGT was
$7 million in the third quarter of 2015. On an adjusted basis, net income was
$82 million. The Company reported net income per diluted share of $0.04 and
earned $0.41 per diluted share on an adjusted basis.
Cash from operations was $471
million in the first nine months of the year, inclusive of higher interest
costs and approximately $150 million in one-time, transaction-related costs.
Capital expenditures were $289 million in the year-to-date period.
Cash and cash equivalents were $552
million as of September 30, 2015, compared to $573 million as of September 30,
At September 30, 2015, consolidated
shareholders equity totaled $3.52 billion and net debt was $8.20
North America Gaming &
Revenue for the North America Gaming
& Interactive segment was $341 million compared to $37 million in the third
quarter of 2014. On a pro forma basis, revenue was 19% below the prior year as
relative stability in recurring service revenues was more than offset by an
expected contraction in product sales on difficult comparisons with large VLT
sales and intellectual property revenue in the third quarter of 2014.
Service revenue was $267 million
compared to $15 million in the prior-year period. On a pro forma basis, service
revenue declined 2% as a result of a lower installed base that was mostly
compensated for by improved wide area progressive yields, 6% growth at
DoubleDown, and favorable mix. Product sales were $73 million compared to $22
million in the third quarter of 2014. On a pro forma basis, product sales were
50% below the prior year, as anticipated. The Company sold 3,326 machines
compared to 6,541 units in the third quarter of 2014, which included 1,864
Oregon VLT units and shipments related to stronger new casino openings.
Year-to-date, total replacement unit sales were up 4% while new and expansion
units were down, reflecting the cadence of new casino openings and VLT
programs. Product sales were also affected by an expected decrease in
intellectual property licensing revenue.
Operating income for North America
Gaming & Interactive was $85 million compared to $2 million in the third
quarter of 2014. On a pro forma basis, North America Gaming & Interactive
operating income declined 42% as a result of lower product sales and overall
revenue mix as well as further investment in research and development.
Revenue for the North America
Lottery segment was $253 million in the quarter, 6% higher than the prior year
on a reported basis but 2% lower on a pro forma basis. The Company entered into
a revised termination agreement with the Illinois Lottery during the third
quarter. Excluding the Illinois termination settlement, pro forma revenue for
the North America Lottery segment rose 2%.
Service revenue increased 9% on a
reported basis and was in line with the prior year on a pro forma basis,
reflecting the net impact of 8% same-store revenue growth and the Illinois
termination payment. Strong instant ticket sales and local draw-based game
performance were the primary drivers of same-store revenue growth during the
quarter. New contracts in Canada and Colorado also contributed to service
revenue growth. Product sales of $11 million in the quarter were below the
third quarter of 2014, reflecting the natural variability of the business,
which included strong instant ticket printing and vending machine sales in the
prior year period.
Operating income for North America
Lottery was $50 million compared to $20 million in the third quarter of 2014.
On a pro forma basis, operating income for North America Lottery rose 66% on
strong same-store revenue growth and operational leverage, and despite the $5
million net impact of the Illinois settlement, which also impacted adjusted
International revenue was $211
million compared to $138 million in the third quarter of 2014 on a reported
basis. On a pro forma, constant currency basis, International revenue was 12%
below the prior year, the net result of stable lottery performance and lower
gaming product sales due to challenging comparisons with large conversion and
systems sales in the prior-year period.
International lottery same-store
revenue was up approximately 2% on continued, broad-based strength in instant
tickets and sustained jackpot growth in Eastern Europe that was partially
offset by weaker trends in Latin America. Lottery product sales were in line
with the prior-year period on a pro forma, constant currency basis.
International gaming service revenue
was modestly below the third quarter of 2014 on a pro forma, constant currency
basis due to a contraction in the installed base, principally as a result of
the conversion of leased units in Mexico over the last year. The Company sold a
total of 3,296 gaming machines internationally during the third quarter.
Revenue from gaming product sales was below the prior year, partly due to large
conversion and systems sales in the comparable 2014 period.
International operating income was
$37 million, 28% greater than the third quarter of 2014. On a pro forma basis,
International operating income was down, primarily reflecting lower gaming
Revenue in the Italy segment was
$414 million compared to $525 million in the third quarter of 2014, primarily
due to the weakening of the euro against the U.S. dollar. Excluding currency
translation, Italian revenue was down 8%, as relative stability in most core
activities was offset by the anticipated impact of gaming machine taxes and a
six percentage point increase in sports betting payout.
Total Lotto wagers in the quarter
were 1.68 billion compared to 1.75 billion last year, as a result
of significantly lower late number activity. 10eLotto performance was
especially strong during the quarter, supported by the continued success of
Numero ORO. Instant-ticket wagers were 2.11 billion versus 2.18
billion last year, an improvement in the year-to-date trend related to several
new product introductions.
Machine gaming revenue declined in
constant currency due to higher taxes associated with the 2015 Stability Law.
Excluding the Stability Law impact, machine gaming revenue was in line with the
prior-year period in constant currency, as improved machine productivity and
mix continue to offset lower AWP units.
Operating income for Italy was $131
million compared to $192 million in the third quarter of 2014, primarily due to
unfavorable currency impacts and a gain on the sale of the Companys
Italian sports and events ticketing business in the prior-year period. On a
constant perimeter and currency basis, Italian operating income was affected by
the higher sports betting payout and Stability Law.
Including the $30 million
reclassification of certain legacy IGT items in the first quarter of 2015, the
Company is updating its outlook for pro forma, adjusted EBITDA in 2015 to
$1.605-$1.705 billion from the prior range of $1.575-$1.675 billion.
Capital expenditures for the year
are now estimated at $400-$450 million compared to a prior expectation of
$450-$500 million. This does not include any upfront capital related to the
Italian Lotto concession renewal, which will not be required this year.
Conference Call and
Today, at 8:00 a.m. EST / 1:00 p.m.
GMT / 2:00 p.m. CET, management will host a conference call to present the
third quarter 2015 results. Listeners may access a live webcast of the
conference call along with accompanying slides under News, Events and
Presentations on IGT's Investor Relations website at www.IGT.com. A
replay of the webcast will be available on the website following the live
event. To listen by telephone, the dial in number is +44 (0) 20 3427 1905 for
participants in the United Kingdom and +1-718-354-1152 for listeners outside
the United Kingdom. The conference ID/confirmation code is 2592426. A telephone
replay of the call will be available for one week at +44 (0) 20 3427 0598 or
+1-347-366-9565 using the conference ID/confirmation code 2592426.
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
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 with governments and
regulators in more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and responsibility.
IGT has approximately 13,000 employees.
For more information, please visit:
INTRALOT Ran to Support Good Causes at the 33rd Athens
ATHENS, Greece (November 11, 2015)
-- INTRALOT participated
in the '33rd Athens Marathon. The Authentic', a unique global sports event and
an exceptional lifetime experience, actively supporting the purposes of two
NGOs. The event is a celebration of human will and mind, of solidarity and
fundamental human values, bearing the messages of democracy, freedom, fair play
and personal excellence. This year the event drew over 43,000 runners, an
all-time record for the Athens Marathon.
For the fourth consecutive year,
"INTRALOT Runners" ran the 5km, 10km and 42km races of this year's
Marathon with the aim to support the NGO "Greek Society for the Protection of
Autistic People (E.E.P.A.A.)".
INTRALOT runners wearing the
INTRALOT orange T-shirt participated at the race to bring awareness and foster
the participation of autistic persons in social life.
Moreover, for the second consecutive
year INTRALOT organized a fund raiser on behalf of the NGO "The Smile of the
Child", through an internal betting competition on INTRALOT Runners.
The money raised will be offered to
the "The Smile of the Child" to support its mission towards defending the
rights of children, and provide them the necessary physical, mental and
Mr. Antonios Kerastaris, INTRALOT
Group CEO, stated: "We are proud for our participation at this prominent,
legendary event. I would like to cordially thank INTRALOT Running team for
their dedication and zeal running with their heart for two great causes,
supporting the work of E.E.P.A.A. and the Smile of The Child. Passing the
finish line of this demanding race spreads the message that everything is
possible, as long as we believe in it."
About INTRALOT (www.intralot.com
INTRALOT, a public listed company,
is the leading supplier of integrated gaming and transaction processing
systems, innovative game content, sports betting management and interactive
gaming services to state-licensed gaming organizations worldwide.
Its broad portfolio of products
& services, its know-how of Lottery, Betting, Racing & Video Lottery
operations and its leading-edge technology, give INTRALOT a competitive
advantage, which contributes directly to customers' efficiency, profitability
With presence in 57 jurisdictions,
about 5.400 people and revenues of 1,85 billion for 2014, INTRALOT has
established its presence on all 5 continents.
For more information please CONTACT:
Ms. Persa Kartsoli, Group Director of Corporate Communications, Phone: +30-210
6156000, Fax: +30-210 6106800, email: firstname.lastname@example.org
Scientific Games Win Five-Year Contract for Arizona Lottery's
Integrated Lottery Gaming System
LAS VEGAS and ATLANTA, (November 5,
2015) -- Scientific Games
Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today
announced that its wholly-owned subsidiary Scientific Games International, Inc.
("SGI") was awarded a new contract to provide an integrated lottery gaming
system to the Arizona
Lottery (the "Lottery"). Under the contract, the Company will provide
facilities management services for the Arizona Lottery's central computer
systems, software, data center operations, retailer telecommunications network,
retail point-of-sale and player self-service technology and peripherals,
in-store digital advertising content system, mobile applications and marketing
services as well as technical and marketing staff support. The effective date
of the agreement is August 31, 2015 and will remain in effect for five years
after the date on which the Company completes installation, and obtains the
Lottery's acceptance of the gaming system.
The Arizona Lottery's five-year
contract with Scientific Games, which was awarded after a competitive
procurement process, will replace a competitor's system and is expected to
begin on or about August 31, 2016 and may be extended by the Lottery for up to
an additional five years. The Lottery's total retail sales were $750 million
(USD) in fiscal year 2015.
Arizona Lottery Executive Director,
Tony V. Bouie, said, "The Arizona Lottery has aggressive growth goals.
Scientific Games, as an industry leader in innovation, gives us the best
opportunity for significant retail sales growth in an ever-changing
Scientific Games began providing
instant games to the Arizona Lottery at the Lottery's inception in 1981 and has
provided instant games and licensed properties to the Lottery throughout the
years. The Company proposed a comprehensive suite of innovative products and
services that focus on supporting the Arizona Lottery's strategic plans to meet
evolving consumer needs and maximize total lottery sales and profits in the
Pat McHugh, Senior Vice President,
North American Lottery Systems for Scientific Games, said, "The Arizona
Lottery has worked hard to establish a very strong brand with consumers in the
state for more than three decades. Under our instant products contract with the
Lottery, Scientific Games has been a part of their remarkable success growing
instant game sales in Arizona. We appreciate the continued trust in our
products and services, and we look forward to also innovating with the Lottery
on their draw game portfolio to help drive total sales and maximize profits for
the Lottery and their retailers."
Scientific Games provides products,
technology and services to more than 150 lotteries worldwide, including North
America, South America, Europe, Asia and Australia.
Scientific Games Corporation
(NASDAQ: SGMS) is a leading developer of technology-based products and services
and associated content for worldwide gaming, lottery and interactive markets.
The Company's portfolio includes gaming machines, game content and systems;
table games products and utilities; instant and draw-based lottery games;
server-based lottery and gaming systems; sports betting technology; loyalty and
rewards programs; and interactive content and services.
For more information, please visit
us at www.scientificgames.com.
The Arizona Lottery operates
entirely from the revenue it generates through the sale of its products; it
doesn't receive any General Fund dollars from the State. Proceeds from sales of
Lottery tickets -- nearly $3.4 million per week, fund a variety of state
programs. Since July 1981, the Arizona Lottery has paid out more than $6.2
billion in prizes to players, more than $3.3 billion in net funding to the
state and more than $735 million in commissions to retailers. Learn more at:
SOURCE: Scientific Games
Florida Lottery Set New October Sales
TALLAHASSEE, Florida (November 5,
2015) -- The Florida
Lottery announces that it reached an all-time high for ticket sales in
October, surpassing more than $471 million. This reflects a 6.9 percent
increase in sales over last October, which held the previous record with sales
of $440 million.
"October's record sales generated
an estimated $118 million in revenue for education, an increase of $3 million
over the same period a year ago," said Tom Delacenserie, Interim Secretary
of the Florida Lottery.
"We anticipate our varied and
exciting game offerings, such as the HOLIDAY GIFTS Scratch-Off games, the
return of Holiday MILLIONAIRE RAFFLE, the jackpot and daily draw games, along
with our limited-time promotions and contests, will provide players plenty of
reasons to continue purchasing tickets for a chance to win, while helping us
generate more money for education."
Scratch-Off game sales represented
68.5 percent of October's sales. Specifically, the latest $20 Scratch-Off game,
$5,000,000 FLAMINGO MULTIPLIER, produced nearly $60 million alone, accounting
for 18 percent of the monthly Scratch-Off sales total.
The game, launched on September 22,
has already paid out more than $67 million in prizes, including three $1
million and two $5 million prizes.
ABOUT THE FLORIDA
The Florida Lottery is responsible
for contributing more than $28 billion to education and sending more than
700,000 students to college through the Bright Futures Scholarship Program.
The Florida Lottery reinvests 97
percent of its revenue back into Florida's economy through prize payouts,
commissions to more than 13,000 Florida retailers and transfers to
Since 1988, Florida Lottery games
have paid more than $48.5 billion in prizes and made more than 1,800 people
For more information, please visit:
SOURCE: The Florida Lottery.
Away? Win Anyway! The Hoosier Lottery Will Still Pay
INDIANAPOLIS, Indiana (Nov. 5, 2015)
- There is an old adage that says, "close only counts in horseshoes and hand
grenades." Thanks to an exciting new way to play the
Hoosier Lottery's Daily 3
and Daily 4 games, close will soon count in the Hoosier Lottery, too.
Beginning Nov. 8, Daily 3 and Daily
4 players in Indiana will have a new way to play known as "Daily 3 with 1 -
OFF" and "Daily 4 with 1-OFF" that allows players to win if one or more of
their numbers are one digit higher or lower than the official winning numbers.
Wagers for 1-OFF play type are the
same as straight, box and combo, with play amounts starting at just 50 cents.
Daily 4 with 1-OFF pays prizes up to $300 on a $1 play amount and each ticket
features 80 ways to win. Daily 3 with 1-OFF tickets pay up to $40 on a $1 play
amount and offer up to 26 ways to win on each ticket.
For ease of play, all
possible winning number combinations will print on every Daily 3 or Daily 4
with 1-OFF ticket.
To play Daily 3 or 4 with 1-OFF,
players must select the 1-OFF play type at purchase. Players can select their
own numbers or opt for a quick pick. The amount a player wins is determined by
the number of digits matched exactly and the number of digits matched 1-OFF. A
1-OFF wager does not pay if all numbers on a ticket exactly match the winning
numbers; at least one number must be 1-OFF to win.
Click here to view a How to Play video.
Win a year's worth of Daily
3 and Daily 4 tickets!
To introduce players to the new
1-OFF play style, the Hoosier Lottery will host events in November at retailers
across Indiana. At each event, players can enter to win a year's worth of Daily
3 or Daily 4 tickets. One winner will be selected at each location. Events are
currently scheduled for Fort Wayne, Hammond, Indianapolis, Jeffersonville, New
Albany and Rockport.
Click here for the list of promotion locations, dates and
Prizes up to $599 may be claimed at
most of the Hoosier Lottery's 4,400 retailers in Indiana. Prizes from $600 to
$49,999 may be claimed at Hoosier Lottery Prize Payment centers in
Indianapolis, Mishawaka and Evansville Monday through Friday. Visit
hoosierlottery.com for hours and directions.
About The Hoosier
Hoosier Lottery distributions
benefit every county throughout Indiana. The Hoosier Lottery contributes $30
million to local police and firefighters' pensions and $30 million to the
Teachers' Retirement Fund. In fiscal year 2013, the Hoosier Lottery contributed
$164.5 million to the Build Indiana Fund. To learn more about the Hoosier
Lottery, visit www.hoosierlottery.com/givingback. Download the official Hoosier
Lottery app and follow on Facebook and Twitter. Hoosier Lottery logos are
CONTACT: Courtney Arango, Hoosier
Lottery, Director of Public Relations, Email:
email@example.com, Phone: 317-264-4898 (office),
SOURCE: Hoosier Lottery.
Becomes a Member EUROMAT the Voice of the Land-Based Gaming Entertainment
Industry in Europe
PRAGUE, Czech Republic (November 9,
2015) -- The largest national association of operators of lotteries and other
similar games SPELOS has become the 19th member of The European
Gaming and Amusement Federation (EUROMAT).
"We are pleased that we have
become an important member of this organization. The main goal of our
collaboration is to regulate the online lottery, so that the area was favoured
over traditional land-based operators. At the same time, we intend to pursue
the setting of reasonable and non-discriminatory taxation, all in cooperation
with national regulators. Considers it necessary to comply with a responsible
approach to addressing the issue of regulating lotteries such as is customary
for the entertainment industry in most European countries," said Petr
Vrzáň,, president SPELOS.
The Association of operators of
central lottery systems and other games ("SPELOS") is an association of legal
entities. Its aim is to co-create professional looking lotteries and other
similar games, especially in the operation of a central lottery system ("CLS")
and other games, such as local lottery systems, electromechanical roulette,
casino games and more.
SPELOS defends the interests of its
members in professional forums in negotiations with state and local
governments, cooperates with similar associations and ultimately supports its
members in the business. To achieve this goal SPELOS organizes and supports
meetings of operators with state and local governments and cooperates with
other associations with similar focus and experts in the area of
operation of the CLS and other similar games. At the same time it
helps to create a legal framework in this area.
The European Gaming and Amusement
Federation (EUROMAT) is the voice of the land-based gaming entertainment
industry in Europe.
A highly regulated and highly taxed
industry section contributing to more than 250,000 jobs across Europe. The
organisation was established in 1979 to represent, through its affiliated
national associations, private sector operators of gaming machines and the
manufacturers that supply them. Today, EUROMAT has 18 national member
associations from 13 European countries, as well as two observer members from
France and Hungary.
Lottario is Now Enhanced with a Faster Growing Jackpot, New
Prizes and Better Odds
TORONTO, Canada (November 9, 2015)
-- A faster growing jackpot, new prizes and better overall odds of winning are
in store for LOTTARIO, Ontario's longest running lottery game. The first draw
of the improved LOTTARIO will be held on Saturday, November 14, 2015.
"LOTTARIO, sold only in Ontario,
has been creating local winners in the province since 1978," said Wendy
Montgomery, OLG Vice President, Lottery Marketing & Sales. "A faster
growing jackpot and more prizes means there has never been a better time to
In addition to a faster growing
jackpot, LOTTARIO offers other great enhancements!
- Better Odds: The overall odds of
winning any prize improve from 1 in 20.89 to just 1 in 5.8
- New $30 Prize: A new $30 prize for
matching 4 numbers plus the bonus number.
- New $5 Prize: A new $5 prize for
matching 3 numbers plus the bonus number.
- Free Play: A new Free Play prize
for matching the bonus number.
- Advance Play: Extended advance
play options to up to 26 draws (from 10 draws).
All of these improvements are
offered at the same value players expect LOTTARIO remains priced at $1
for two lines of numbers.
How to Play:
- Choose six numbers from 1 to 45 or ask your lottery
retailer for a Quick Pick.
- Match six of six numbers to win the jackpot.
- Draws take place every Saturday.
- Tickets purchased before midnight (Eastern Time) on
Friday are eligible for the Early Bird draw, featuring a $50,000 prize.
- Tickets are sold until 10:30 p.m. (Eastern Time) on
For more information about LOTTARIO,
please visit: olg.ca and click
OLG is a provincial agency
responsible for gaming facilities, the sale of province-wide lottery games, the
PlayOLG Internet gaming website and the delivery of bingo and other electronic
gaming products at Charitable Gaming Centres across the province.
Since 1975, OLG has provided nearly
$42 billion to the Province and the people of Ontario. OLG's annual payments to
the province have helped support the operation of hospitals; prevention,
treatment and research of problem gambling; amateur sport through the Quest for
Gold program; and local and provincial charities.
OLG was a Premier Sponsor of the
TORONTO 2015 Pan Am / Parapan Am Games.
Support Texas Veterans This Veterans Day with the New Veterans
Cash Scratch Ticket
AUSTIN, Texas (November 11, 2015) --
This Veterans Day, Texas Lottery players can show their support for Texas
veterans by purchasing the newest Veterans Cash scratch ticket. The $2 game
benefits the Texas Veterans Commission Fund for Veterans Assistance.
Veterans Cash features six top
prizes of $25,000 and more than $6 million in total prizes. The overall odds of
winning are one in 4.12 for any prize, including break-even prizes.
Since the first veterans
themed scratch ticket was launched in 2009, the Texas Lottery has contributed
more than $52 million for programs supporting Texas veterans.
The Fund for Veterans
Assistance makes grants available to eligible charitable organizations, local
government agencies, and Veterans Service Organizations that provide direct
services to Texas veterans and their families.
With 1.7 million veterans spread
across the state, these programs provide financial assistance, transportation
services, Post-Traumatic Stress Disorder counseling and housing assistance.
The Texas Lottery first launched the
veterans themed scratch ticket game on Nov. 9, 2009, following the
passage of a bill during the 81st Legislature.
Players interested in finding the
game in their area can use the Scratch Ticket and Retailer Locator on the Texas
About the Texas
Beginning with the first ticket sold
in 1992, the Texas Lottery has generated $24 billion in revenue for the state
and distributed $47 billion in prizes to lottery players.
Since 1997, the Texas Lottery has
contributed $18 billion to the Foundation School Fund, which supports public
education in Texas.
As authorized by the Texas
Legislature, certain Texas Lottery revenues benefit state programs including
the Fund for Veterans Assistance.
Since the first veterans
themed scratch ticket game was launched in 2009, the Texas Lottery has
contributed more than $52 million for programs supporting Texas veterans.
The Texas Lottery provides several
entertaining games for lottery players including Powerball®, Mega
Millions®, Lotto Texas®, All or Nothing, Texas Two Step®,
Pick 3, Daily 4, Cash Five®, Texas Triple Chance and
scratch ticket games.
For more information visit us on
Facebook, Twitter, Instagram, YouTube or at:
SOURCE: Texas Lottery.
Swedish Gambling Association Joins EGBA, Europe's Leading
Online Gaming and Betting Association
BRUSSELS, Belgium (November 10,
2015) -- BOS, the association of EU licensed online gambling companies
operating in Sweden, announced today it has joined the EGBA, Europes
leading Brussels based online gambling body.
Commenting on the agreement, Gustaf
Hoffstedt, Secretary General of BOS said: It is with great joy that BOS
has been approved as an affiliate member of EGBA. For many years, we have been
following the important work of the EGBA in Brussels. If we are to achieve full
effect in the EU-related work we have to muster our forces, and this is where
EGBA comes into play. Just like BOS unites many actors in Sweden, EGBA unites
many under the EU-canopy.
The decision comes at a time when
Sweden is discussing the future of its gambling market. The Swedish gambling
legislation has come under great scrutiny following the Commissions
decision last year to refer Sweden to the Court of the Justice of the European
Union (CJEU) for lack of compliance with EU law.
Gustaf Hoffstedt, Secretary General
of BOS added: With our affiliated membership, we want to pull our
weight, to the benefit of the bigger picture but also the national gambling
market in our own Swedish jurisdiction.
Maarten Haijer, Secretary General of
EGBA, concluded: We are very pleased that BOS has joined EGBA.
Together we are stronger in the Brussels and the Swedish discussions on the
future of online gambling. After previously welcoming the Gibraltar Betting and
Gaming Association (GBGA), the EGBA is pleased to be joint by our second
affiliate member association. It shows the importance of working together to
ensure that Europe moves towards an attractive regulated market with high
consumer protection standards.
For more information, please
Gustaf Hoffstedt, Secretary General,
BOS firstname.lastname@example.orgTel: +46 708 18 28 21, or
Maarten Haijer, Secretary General,
EGBA email@example.com Tel: +32 2 554.08.90
BOS, the Industry Association for
Online Gambling (Branschföreningen för Onlinespel) was founded in
2012. The association represents the companies that hold an EU-license and that
operate on the Swedish market.
Currently, BOS has 18 members and
thereby represents a majority of the Swedish gambling market online, excluding
online gambling companies that hold Swedish licenses.
BOS shall be a natural partner for
political representatives as well as government agencies and non-profit
organisations for all issues pertaining to online gambling. The board consists
of Betfair, Unibet, Betsson, Mr Green & Co. and Paf.
Associated members are Bet365,
Bonnier Gaming, Evolution Gaming, Pokerstars, William Hill, Net Entertainment,
Nyx Gaming, Ladbrokes, Prima Network, ComeOn, Gamesys, Cherry and Leo
About the EGBA
The EGBA is an association of
leading European gaming and betting operators Bet-at-home, BetClic, bwin.party,
Expekt, and Unibet. The Gibraltar Betting and Gaming Association (GBGA) and
Branschföreningen för Onlinespel (BOS) are affiliate members of
As a Brussels-based non-profit
association, EGBA promotes the rights of more than 20 million adult European
citizens to participate in online gambling of their choice in an informed,
regulated, safe and secure environment.
While online gambling remains a
smaller part of the total gambling market (15%), based upon innovation,
technology and digital consumer demand, online gambling transformed itself into
an industry champion of the European digital economy with material spin-off
effects towards other digital economies and strong synergies with sports.
EGBA members have invested more than
600M into digital security and contributed to sports with more than
800M, mainly via sponsorship deal and purchasing innovative sports
streaming rights. www.egba.eu
Holds Conference on Security and Digital Signature
ARGENTINA (November 9, 2015) -- On
Thursday, November 5, La
Asociación de Loterías Quinielas y Casinos Estatales de Argentina
(ALEA) conducted a Safety training session in the Meeting Centre of the
32 employees of the 11 regulators of
Argentina participated in this event organized jointly by the committees of
Information and Training ALEA.
At the opening, Enrique Ucedo ,
Advisor of the association, after welcoming the participants referred to the
importance of information security in the context of the search for
transparency in the gaming sector.
He then presented the Ing. Teresita
Benitez, President of the Commission for Information Affairs and Director of
Computer IAS; Ing. Edgardo Sicatto , a member of that committee and Advisory
Board of LNSE; Rodrigo Cigliutti, Secretary of the Committee on Training and
Commercial Manager IPRA; and Mario Trucco, CEO of ALEA, who presented 'What
is ALEA' kicking off the development content of the day.
Sicatto and Benitez developed the
basic concepts of information security and the importance of its implementation
in state lotteries.
The certification of the ISO / IEC
27001: 2013 applied to the processing, loading of extracts, calculating
winners, communication and payment of awards made in the
Institute of Gaming Neuquén and certification ISO / 27001: 2013 National
Lottery SE, applied to the process of customer service were presented by
officials of the two organizations during the morning.
After lunch, company representatives
Risk Advisory Services exposed on the role of external advice in the process of
certification. And, to close, the digital and electronic signature, application
and legal situation in our country was presented by Eng. Carlos Sal, a member
of the Committee of Information Affairs ALEA and Head of Planning and
Management Control of the Social Fund Santiago del Estero.
In this new training, participants
agreed to recent experience, making exchange of information, the provision of
contingencies and other specific recommendations in this regard that
contributes to a large extent, with the transparency and efficiency of
regulators and administration gambling.
SOURCE: La Asociación de
Loterías Quinielas y Casinos Estatales de Argentina (ALEA).
American Gaming Association and Clubs Australia Announce
Partnership to Tackle Illegal Gambling
WASHINGTON, D.C. (November 5, 2015)
-- Clubs Australia and the American Gaming Association (AGA) today united to
call for a global approach to tackling the unregulated, unsafe and un-taxed
illegal online gambling market. The two organizations also committed themselves
to forming an international alliance on the issue, in which both parties will
collaborate to raise awareness of the risks illicit gambling websites, and work
on measures to prevent their spread.
It is estimated that US and
Australian residents currently spend $4 billion and $1.2 billion respectively
each year on illegal overseas gambling websites.
Not only do these illegal websites
deprive both Australian and US governments of tax revenue and employment, their
operation greatly increases the risks of money laundering and terrorism
Its well past time to
take the threat of these illegal gambling operations seriously, said
Clubs Australia Executive Director Anthony Ball. The proliferation of
illegal online gambling is a scourge that needs to be tackled by governments
world-wide, in association with legal and regulated gaming operators. Put
simply, these sites are unethical and unsafe. There are no age verification
checks, no harm-minimisation measures, and the revenue they generate goes to
offshore tax havens not back to the community.
Theres a clear
difference between illegal operators and the licensed, regulated
industry, said Sara Rayme, senior vice president of public affairs.
Our partnership with Clubs Australia will help to shine a spotlight on
shady outfits that dont create jobs, contribute vital tax revenue,
protect players or serve as strong community partners.
As part of the international
partnership, both organizations will work together to provide details of these
illegal operations to governments in order to combat these illicit sites from
their harmful operation. They will also call on their respective governments to
increase dedicated resources toward such illegal gambling enterprises.
The partnership between AGA and
Clubs Australia also forms part of the AGAs Stop Illegal
Gambling Play it Safe initiative, which focuses on four key
areas of illegal gambling: illegal sports betting; black market machines;
Internet sweepstakes cafes; and illegal online betting.
- Americans and Australians spend an estimated $5.2
billion per annum on illegal, offshore gambling websites.
- Illegal gambling websites are unsafe and lack
important harm-minimisation measures such as age verification and bans on
- These websites increase money laundering and
terrorism financing risks.
- The offshore nature of these illegal websites means
jobs and tax revenue go overseas, rather than benefiting the communities of
those spending money through them.
- Offshore, illegal gambling websites also lack
consumer protections that are in place to safeguard patrons of regulated
gambling operators, such as clubs and casinos.
Clubs Australia represents the
interests of more than 6,500 licensed clubs across Australia and New
Registered clubs are not-for-profit,
member-based organizations that make a social and economic contribution of
almost $10 billion across Australia each year.
Clubs mobilize more than 250,000
community volunteers, employ more than 96,000 Australians and pay $2.4 billion
in tax annually.
Clubs also provide and maintain more
than $20 billion worth of community assets.
The American Gaming Association is
the premier national trade group representing the $240 billion U.S. casino
industry, which supports 1.7 million jobs in 40 states.
AGA members include commercial and
tribal casino operators, suppliers and other entities affiliated with the
It is the mission of the AGA to be
the single most effective champion of the industry, relentlessly protecting
against harmful and often misinformed public policies, and paving a path for
growth, innovation and reinvestment.
SOURCE: The American Gaming
Inspired to Supply SNAI with Full Suite of Its New Mike Tyson
LONDON, UK (November 6, 2015) --
Inspired, the leading provider of Virtual Sports, Mobile Games and SBG Video
Lottery, today announce it will be supplying SNAI with access to its first
collection of Mike Tyson gaming products for the Italian gaming market.
Inspired unveiled its long-term
brand partnership with Mike Tyson at G2E Vegas, which will include a suite of
gaming products featuring 'Iron Mike' for sportsbetting, casino, slots, and
social gaming. Inspired will be providing SNAI with first-mover access to its
initial Tyson package for the Italian market, which includes its new Virtual
Rush Boxing game for retail and online, featuring the boxing legend, as well
omnichannel slots and table gaming content. The launches will be supported by
exclusive Tyson marketing materials.
SNAI is the leading Italian betting
operator. Inspired already provides SNAI with a range of its industry leading
Virtual Sports content. Inspired recently announced an extension to its Virtual
Sports contract with SNAI, which has strengthened its position in the Italian
market with SNAI's impending rollout of additional betting shops, concurrent
channel expansion and mobile deployment.
Vitaliano Casalone, Presidente of
Inspired Italia, comments: "inspired is already renowned as having the best
Virtual Sports content in the market, which keeps players coming back for more.
Our new range of Tyson gaming products was met with a fanfare reception at G2E
and we have been inundated with interest from operators across the globe. We
are confident that these knockout products will go down a storm with Italian
Inspired supplies over 90% of the
land-based, online and mobile virtual sports market in Italy. From a standing
start, Inspired's software has supported the development of a 1billion
p.a. market in Italy in just one year. Its Virtual Sports are now available to
Italian players in over 7,000 betting venues, and on all of the main web and
For more information about this
press release, please contact: firstname.lastname@example.org / Tel: +44 (0)20 7438 5800
About Inspired (www.inspiredgaminggroup.co)
Inspired is a global content and
technology company, headquartered in London, creating the future of gaming and
lottery entertainment. It offers unique Virtuals, Casino, Slots and Video
Lottery games and technology in 35 countries around the world.
Having pioneered the invention of
networked gaming in the UK over a decade ago, Inspired is at the forefront of
the global digital gaming evolution with over 35,000 gaming terminals connected
to its leading technology. Via this trusted network, Inspired provides fresh
gaming and lottery content to operator-controlled devices in shop, online and
Its Virtual Sports are the most
original and trusted Virtuals in the world. Created by a BAFTA award-winning
team of graphic designers and sports betting experts, Inspired is always
pushing the boundaries to create ever more compelling virtual entertainment
Inspired's customer base includes
regulated operators of lotteries, casinos, licensed betting offices, gaming
halls, bingo halls and regulated online sportsbooks and casinos.
Key customers include major
regulated gaming companies such as Sisal, Lottomatica, SNAI, William Hill, Gala
Coral Group, Betfred, Ladbrokes, Genting, Paddy Power, Codere, Sky Vegas,
PartyGaming, Fortuna, bet365 and Caliente.
Industry to Tackle Massive Illegal Sports Gambling Market
An article by: Geoff Freeman,
president and CEO of American Gaming Association.
WASHINGTON, D.C. (November 12, 2015)
-- After several months of careful review, the American Gaming Association's
(AGA) Board of Directors today issued a set of recommendations that mark a
major shift in our industrys approach to sports betting in the U.S.,
which is currently illegal in all but four states.
AGA will build a broad
coalition that will determine whether a rational alternative to current sports
betting law exists. Such an alternative could include:
- Strict regulation;
- Rigorous consumer protections; and
- Robust tools to help law enforcement eliminate
illegal sports betting and strengthen the integrity of games.
On the topic of daily fantasy
sports, the AGA Board of Directors also made clear that the industry seeks
legal clarity and adequate consumer protections. The gaming industry wishes to
see this product succeed and to partner where appropriate. State-by-state legal
clarity and consumer protections are necessary prerequisites for daily
fantasy's success and future collaborations between our industries.
As we move forward, the AGA
will work with law enforcement, sports leagues and other interested parties to
consider effective approaches that protect consumers and the integrity of
Consensus Position Significant
The coalescing of diverse viewpoints
within our industry marks a significant milestone that will help move this
issue forward in a way that benefits consumers, the integrity of sports, Nevada
and casino gaming across the country.
The recommendations reflect broad
industry consensus and were developed by leadership from the industrys
casino operators, suppliers and sports book operators in Nevada and across 40
states through a Sports Betting Task Force, which unanimously agrees that
current law is not achieving its intended result.
About the industrys approach
to sports betting, Jim Murren, AGA chairman and MGM Resorts International
chairman and CEO, said:
"The culmination of a thorough
process within our industry positions us to work with a wide variety of
stakeholders who agree that rampant, unregulated and illegal sports betting is
a threat to consumers and the sports we enjoy."
"As the head of the largest
private sector employer in Nevada, Im confident that the entertainment
experience we provide in Las Vegas which is unmatched anywhere else in
the world can continue to excel even as our country takes a fresh look
at our approach to sports betting.
Majority of Sports Betting is
While Delaware, Oregon and Montana
permit some form of legal sports betting, the vast majority of traditional
sports wagering occurs in Nevada. But legal sports betting pales in comparison
to the amount wagered illegally on sports nearly $140 billion this year
alone, according to an AGA estimate. Far from a victimless crime, illegal
sports betting funds criminal activities, takes advantage of consumers and
fails to protect the integrity of Americas favourite pastimes.
Whats next in 2016
The 2016 effort will include robust
research, aggressive communications and partnerships with a variety of voices
with interest in sports betting, including gaming leaders, law enforcement
officials, regulators, legislators and professional sports leagues.
As always, I appreciate your
engagement and feedback on these evolving issues. I look forward to our work
together as we continue to unite the industry on common causes.
President and CEO
SOURCE: American Gaming
Gaming Show Set to Reach New Heights as Global Industry Heads for Asia's
Fastest Growing Expo
MACAU, SAR (November 11, 2015) --
Visitors from every continent of the world are expected in Macau next week to
attend the rapidly expanding Macao Gaming Show and its pioneering Macao Tourism
and Culture Summit at the Venetian (17-19 November 2015). The third edition of
the event, which is owned by the leading 100 entertainment and gaming companies
in Asia, is likely to open with a record number of exhibitors, circa 150, and
draw an audience in the region of last year's high of 12,000. The organisers,
influential trade association MGEMA, will mark the occasion with a prestigious
Opening Ceremony featuring officials from the Macau SAR Government,
representatives from the official sponsoring agency Macao Foundation and
leading figures from the Macau and Asian industry.
Supported by four Macau SAR
Government departments - Gaming Inspection and Coordination Bureau (DICJ),
Macao Trade and Investment Promotion Institute (IPIM), Macao Foundation, Macau
Government Tourist Office (MGTO) - and backed by the major gaming and
entertainment groups in the region - MGS 2015 is hoping to record its best
level of attendance, largest number of visitors, widest range of countries
attracted and the biggest platform of speakers at its associated tourism and
Previewing the credentials of the
3rd Macao Gaming Show, Jay Chun, Chairman of MGEMA, the driving force behind
the exhibition, said: This year's Macao Gaming Show will provide a key
turning point for the exhibition and its aspirations. The show serves as the
'Gateway to Asia' and next week will reflect this direction through the
delivery of all the key components that keep the entertainment and gaming
industry moving forward globally - and all on one show floor.
"The exhibition will have Asia's
biggest and most innovative gaming companies, alongside a wide variety of
entertainment and service businesses, that together will steer the Macau and
Asian economies towards a more diverse structure. MGS intends to deliver
everything that an entertainment and tourist hub requires - the best technology
in gaming, the best hospitality offerings, the widest and finest food and
beverage options, and the most inventive and creative businesses from the
region. The 3rd MGS will continue this vision, and we intend to continue
building on it over the next 5 to 10 years."
He continued: We
believe that MGS has the key credentials: it is the only show that is truly
representative of the Asian entertainment and gaming industry, and more
importantly speaks to the market with the support of not just the business
community but also the government and trade bodies that shape the marketplace.
Our assembly of event organisers, supporting organizations and co-organizers
are all drawn from our own business community - MGS is truly an exhibition 'By
Asia, for the world'. We have, probably, the most influential organizations
working with us, and their support demonstrates the faith they have in Macao
Gaming Show's ability to represent the Asia entertainment and gaming industry
with both integrity and authority."
For more information and to
register for the 2015 Macao Gaming Show and the associated Macao Tourism and
Cultural Summit with Gaming Topics, visit
CONTACT: Ken Scott, Director, GB
Media Corporation Ltd, Tel: +44 (0) 1273 699 900, Email: email@example.com.
Macao Gaming Show |
Macao Gaming Show (MGS) is organised
by the Macau Gaming Equipment Manufacturers Association (MGEMA), co-organised
by the General Association of Administrators and Promoters for Macau Gaming
Industry, Associação de Mediadores de Jogos e Entretenimento de
Macau, Macau Jockey Club, MACAUSLOT, and Macau Yat Yuen Canidrome. MGS is the
first large scale gaming and entertainment exhibition organised and run by
Macao organisations. MGS will have a floor area of over 10,000 m2. Exhibitors
and buyers eyeing the Asian market will be coming from all corners of the
world. The event will cover six gaming industry segments: Gaming Equipment and
Accessories, Gaming Promoters (Junkets) and VIP Clubs, Casino Fixtures and
Fittings, Promotional Services and Memorabilia, Food and Beverage,
DECLARATION: Lottery Insider
is a media partner for the Macao Gaming Show.
SOURCE: Macao Gaming Show (MGS).