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IGT - International Game Technology PLC Reports Second Quarter 2020 Results

"Our second quarter results reflect the intense impact of global lockdowns caused by the pandemic," said Marco Sala, CEO of IGT. "That said, thanks to strong North America Lottery performance and our swift adoption of cost-saving and avoidance measures, we delivered better cash flow than we expected back in May. Our resilience is a direct consequence of the diversity of our global portfolio of products and solutions. The improving trends we are currently seeing are encouraging, but we remain prudent with our planning. Our new organizational structure enhances our readiness to adapt to changes in market conditions."

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SCIENTIFIC GAMES CONTINUES AS MONTANA LOTTERY’S INSTANT GAMES PARTNER FOR TWO MORE YEARS

“We are delighted to continue our innovation with Scientific Games on Montana Scratch games for two more years through this contract extension,” said Angela Wong, Director of the Montana Lottery. “We look forward to strengthening our current Montana Scratch offering with more exciting new games that both entertain players and responsibly drive state funding to benefit all Montanans.”   “The Montana Lottery has always been a leader in launching scratch games that feature our newest manufacturing techniques and licensed brands. They are typically one of the first lotteries in the U.S. to try innovative approaches to traditional instant games, and we are honored by the trust they continue to place in our Company for more than 30 years,” said John Schulz, Senior VP Instant Products for Scientific Games.

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Pennsylvania Lottery generates $1.14 billion for state's senior programs

“Although we faced many challenges this fiscal year, we are thrilled the Lottery had another successful year in which we generated over $1 billion in profit for the vital programs that older Pennsylvanians rely on throughout the commonwealth,” said Pennsylvania Lottery Executive Director Drew Svitko. “The support of our players, our business partners and the entire Lottery team made this possible. We take great pride in the fact that we are the only Lottery in the U.S. that dedicates all of its proceeds to benefit older adults. We are already hard at work looking for new and innovative ways to continue responsibly growing our business to support our older residents.”

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IGT and FanDuel Group Strike Multi-Year Sports Betting and iGaming Agreement for Entire U.S. Market

"IGT's multi-faceted, multi-year PlaySports platform technology and iGaming content agreement with FanDuel Group pairs the leading content and B2B sports betting provider with one of America's most respected sports betting operators to propel an already winning partnership to new levels and create an abundance of opportunity for both parties," said Enrico Drago, IGT PlayDigital Senior Vice President. "IGT and FanDuel Group are positioned for continued success in the U.S. and we are committed to fueling FanDuel Sportsbooks' sustained growth through our proven, market-ready platform, player-preferred game content and self-service betting technologies." 

"IGT's PlaySports platform has been integral to FanDuel Sportsbook's expansion in the U.S., as we currently leverage it to power America's #1 Sportsbook," said Matt King, FanDuel Group CEO. "IGT is the strategic partner that we will lean on to help us expand our retail footprint across the U.S. IGT's PlaySports platform enables us to create an intuitive, technologically driven customer experience at our world-class retail sportsbooks for our customers, while its PlayCasino content enables FanDuel to deliver premium mobile casino entertainment in new and existing markets."

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Maryland Lottery Director Says Online Games ‘Inevitable,’ Revenue Surprisingly Strong

Maryland Lottery Director Gordon Medenica told the state House Ways and Means Committee this week that online games are “inevitable” for the future success of the agency. Nine states have operational online lotteries, including Maryland neighbors Pennsylvania and Virginia. Medenica says that though traditional in-store lottery sales have rebounded nicely since the coronavirus first closed the state, iLottery would only help further. Unfortunately, in Maryland it’s [internet lottery] banned,” Medenica explained during the virtual meeting. “One of the phenomena that we’ve seen during the shutdown in the recent months is that those states that offer iLottery have seen their iLottery sales absolutely explode.” Medenica also added those increased sales haven’t hurt brick-and-mortar sales. “That’s very important because our retailers continue to be our most important source of sales,” he continued.

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Française des Jeux (FDJ) announces its results for the first half of 2020 H1 revenue decline 15% year-on-year.

Stéphane Pallez, Chairwoman and Chief Executive Officer of FDJ, said: “The Group’s strong mobilisation from the onset of the health crisis and a swiftly implemented cost-cutting plan have limited the impact on the first-half results. From mid-June, we have been recording stakes at a level comparable with that of 2019. Our strategic orientations and the strength of the FDJ model have been confirmed, and we continue to invest to support the development of all our activities.”

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NEW JERSEY LOTTERY ANNOUNCES FISCAL YEAR 2020 SALES

“I am proud of what the Lottery has been able to achieve this year. We are living in unprecedented times and I want to thank all of those who had a hand in getting the job done. I thank our retailers and other partners for being adaptable and maintaining operations under difficult circumstances. I thank our players for their continued loyalty. And, importantly, I also thank our valued team for being flexible, creative and vigilant, all the while ensuring the integrity of the games,” said the Lottery’s Executive Director James A. Carey, Jr. “Witnessing all of us pulling together during this trying time shows our commitment to each other and what it means to be Jersey strong.”

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IGT Drives Casino Hardware Innovation with Nationwide Launch of PeakSlant49 Cabinet

"IGT's PeakSlant49 cabinet is a performance-driven hardware solution that is supported by an exceptional game library with marquee titles such as Fortune Coin Boost! and Bubble Blast slots, and is loaded with compelling technology that makes it attractive to our customers and their players," said Nick Khin, IGT Chief Operating Officer, Gaming. "As our customers look to IGT for technologies to re-engage their players, differentiate their casino floors, and ignite growth, the PeakSlant49 emerges as a cabinet that they can deploy with confidence given its research-backed design and quality game content."

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The Kentucky Lottery Corporation has posted record sales and dividend numbers for FY20

"This was truly a successful year for not only the Commonwealth, but players and retailers as well," said Kentucky Lottery Executive Vice President and Chief Financial Officer Howard Kline. "Our players saw a record $801.2 million in prizes paid, while our hard-working retailers realized a record-setting $71 million in commissions. From a situation where things initially looked like they could turn bleak, we ended up with a win-win all the way around."

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Scientific Games Extends Virtual Sports Content Reach with Launch of Legends Horse Racing

Keith O’Loughlin, SVP Sportsbook, Digital for Scientific Games, said: “With OpenMarket, gone are the days of multiple supplier integrations that are both costly and time-consuming. We’re bringing the very best the sports world has to offer in to one single solution that creates real competitive advantage in terms of speed to market and player engagement. Since we launched OpenMarket in April, we’ve seen a surge in demand from forward-thinking operators looking to add next-level player experiences to their offering at speed.”

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INTRALOT Signs Contract with Nederlandse Loterij

Long standing relationship “This contract extends the successful and nearly 12-year partnership between INTRALOT and the leading operator in Τhe Netherlands,” said INTRALOT Group CEO, Dr. Chris Dimitriadis. “The success of Nederlandse Loterij over the last years has been particularly impressive and we are looking forward to continuing the delivery of our state-of-the-art technology and to contributing to the growth of Nederlandse Loterij and its yearly remittance to Dutch society.”

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Colorado Lottery to host 'GameJam' for developing new games of chance

“With a digital technology company launched every 72 hours in our state, Colorado is home to a cornucopia of talent and dynamic developers that creates rich soil for innovation,” said Tom Seaver, the director of the Colorado Lottery. “We are excited to leverage the creativity of these local resources and innovation from around the globe to create new game ideas, all to support our beneficiaries.”

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CT Lottery’s New "Fast Play" Progressive Game Creates First Jackpot Winner

“The Fast Play Progressive Jackpot games had a very successful first week, with better than expected sales,” said Greg Smith, President and CEO of the Connecticut Lottery Corporation. “It was great to see two jackpot wins occur in the first week – one at the $1 price point, and the second a $5 price point win – allowing players to see how the jackpot grows and resets based on the amount of the win. We are very happy for those lucky winners and look forward to seeing many more.”

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Ohio Lottery Reports Sales of $4.3 Billion - Profits of $1.13 billion for Education

“We saw negative impacts on sales in the last quarter of the fiscal year due the Coronavirus pandemic, which the gains in scratch-off sales helped to offset. Throughout the last year, the Lottery proactively utilized predictive modeling tools to optimize scratch-off inventory levels at retail locations. Similar to the rest of the industry, sales remained steady during this time due in part to the limited entertainment options available,” Ohio Lottery Director Pat McDonald said.

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Online Virginia Lottery games pass $20 million in prizes

“We’re excited that consumers really like the convenience and reliability of this new way of playing Virginia Lottery games,” said Virginia Lottery Executive Director Kevin Hall. “Our new online platform allows adult customers to play anytime they want, anywhere they are. Whether you play online or at one of our 5,300 licensed retail locations, Virginia Lottery profits generate significant resources each year for Virginia’s public schools.”

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The N.C. Education Lottery raised $729.8 million to support education programs in North Carolina in fiscal year 2020

“It’s more important than ever that our education programs get as much help as they can to achieve their mission,” said Mark Michalko, executive director of the Education Lottery. “Our state was depending on the lottery for these education dollars. The money raised will do a lot of good. Thanks to all the North Carolinians who enjoy lottery games.”

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Iowa lottery revenues and prizes drop, but it meets budget

Although the lottery met its budget targets, sales in fiscal 2020 decreased 4.8% from the previous year’s total of $390.9 million. Revenue turned over to various state causes dropped 12.3% and prizes to players decreased 2.3% from the previous year’s total.  The numbers were largely impacted by two main factors: the COVID-19 pandemic and a relative lack of big jackpots in national lotto games, according to Iowa Lottery Chef Executive Matt Strawn.

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Massachusetts ‘Offline’ Lottery weathers viral storm

“I am grateful for our loyal customers and proud of the work the Lottery team and dedicated retail partners have done to adjust operations in order to continue to generate essential local aid,” said Goldberg, chair of the Massachusetts State Lottery Commission.

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Lottery Overcomes Pandemic Slide To Post Strong Profits

"We really have had a phenomenal record over the last five years of setting various records every year, either in the area of sales or particular products or overall products, and also on the profit side," Executive Director Michael Sweeney said. "But I really have to say that given the unprecedented situation that developed in March, and really the complete need to reengineer and reformulate how we operated the Lottery — everything from distribution to interaction with our customers — this $979 million profit number is actually the number that I'm the proudest of."

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Scientific Games Reports Better than Expected Second Quarter 2020 Results

Barry Cottle, President and Chief Executive Officer of Scientific Games, said, "I am very proud of how we are navigating the current environment, as evidenced by our strong cost containment and cash management, which allowed us to deliver better than expected cash flow for the quarter. This is a testament to our team's ability to effectively manage our business in the short term and maintain our strong customer relationships so we are set up for success as the economy begins to reopen. The diversity of our businesses and our position on the forefront of digital gaming were critical to allow us to successfully navigate the worst of this environment. We have the right team coupled with the best products across both land-based and mobile gaming to position us for future growth."

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INTRALOT, Inc. Signs Multi-year Agreement to Become an Authorized Gaming Operator of Major League Baseball (MLB)

Byron Boothe, CEO of INTRALOT, Inc., commented: “We are excited to work with MLB to bring our players and MLB fans an enhanced Sports Betting experience. The 2020 season will be one to remember for years to come, and at INTRALOT, Inc, we are ready to bring our players the best Sports Betting platform by incorporating this new and thrilling partnership.”

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Texas Lottery launches nation's first in-lane receipt ticket

 "Texas continues to break ground with ‘in-lane’ lottery solutions that provide our players direct access to the games they love in the most convenient ways possible," said Gary Grief, executive director of the Texas Lottery. "These tickets look different than any other that the Texas Lottery has ever produced, as they are the first lottery tickets ever printed on cash register receipt paper rather than on lottery rollstock by a dedicated lottery terminal. Players will notice a lottery barcode at the bottom of the ticket, which may be scanned using the Texas Lottery App to check the winning status."  "IGT has provided growth-driving products to the Texas Lottery since the Lottery’s inception more than 28 years ago," said Jay Gendron, IGT Chief Operating Officer, Lottery. "We are pleased to partner with the Lottery and the world-class retailer H-E-B to deliver the latest innovation, Receipt Ticket, in Texas. This solution simplifies the sale of lottery products for the retailer and makes lottery products more convenient and accessible for players. We expect the execution of the in-lane solution for the Texas Lottery and H-E-B to set a standard upon which other retailers and lotteries will seek to adopt."

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Camelot Lottery Solutions Receives Responsible Gaming Certification from World Lottery Association

Wayne Pickup, CEO of Camelot Lottery Solutions, said, “Player safety is the starting point for any product or solution we design, build, and deploy, and we’re proud that our products and services operate in some of the strictest regulatory environments in the global lottery ecosystem. “We believe that lotteries grow best, and communities benefit most, when players are responsibly engaged. I’m delighted that Camelot Lottery Solutions has been recognised as a certified Responsible Gaming Supplier by the WLA.”

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