International Game Technology (IGT) Announces Partnership with Lottomatica Group
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Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 1.9%
Revenue Growth %: +10.9%
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International Game Technology (NYSE: IGT) and Lottomatica Group have entered into a strategic relationship to bring game content and game terminals to the Italian VLT (Comma 6b) gaming market.
This strategic partnership provides entry for IGT into the Italian VLT market; a market reported to be in excess of 2 billion dollars in gross gaming revenue, with Lottomatica, currently the leading operator in the VLT market.
IGT game content will be available to the Lottomatica Group in Italy VLT for a period of exclusivity. Lottomatica will deliver IGT game content to a high percentage of the installed base of VLT's in Lottomatica's network, which, with nearly 9,000 units, is currently the largest active VLT network in Italy.
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This strategic partnership provides entry for IGT into the Italian VLT market; a market reported to be in excess of 2 billion dollars in gross gaming revenue, with Lottomatica, currently the leading operator in the VLT market.
IGT game content will be available to the Lottomatica Group in Italy VLT for a period of exclusivity. Lottomatica will deliver IGT game content to a high percentage of the installed base of VLT's in Lottomatica's network, which, with nearly 9,000 units, is currently the largest active VLT network in Italy.
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