International Game Technology PLC Report First Quarter 2015 Results
For Predecessor Companies
- Stand-alone results presented for GTECH
S.p.A. and for International Game Technology, which were separately managed
operations for the period
- Solid GTECH EBITDA and stable net financial
position reflect portfolio diversity and operational discipline Integration and
synergy plans on track
LONDON, U.K. (May 13, 2015) --
International Game Technology PLC ("IGT") (NYSE: IGT) today reported results
for GTECH S.p.A.'s ("GTECH") first quarter of 2015 and for International Game
Technology's ("Legacy IGT") second quarter of 2015, ended March 31, 2015. The
combination of GTECH and Legacy IGT was completed on April 7, 2015. As such,
results presented in this news release are for periods predating the
combination and during which each company was under separate management. The
respective reporting formats of the legacy companies have been maintained in
this release for ease of comparison. The results in this news release relating
to GTECH are presented in Euros under International Financial Reporting
Standards ("IFRS") and results relating to Legacy IGT are presented in U.S.
Dollars under U.S. generally accepted accounting principles ("GAAP"). IGT will
begin reporting as a combined entity with its second quarter of 2015 results
Commenting on the first quarter
performance, Marco Sala, CEO of IGT, noted: "We had a solid first quarter
for GTECH operations, continuing to run the underlying business efficiently and
profitably, at the same time as we were completing a transformative merger. We
were ready to launch the integration from day one, focusing on revitalizing our
R&D capabilities. Exciting content delivered across the whole range of
platforms is the key to consolidating our leadership of the global gaming
"We achieved near-record GTECH
EBITDA during the first quarter on top of challenging, multi-year comparisons.
We also improved our net financial position excluding one-off items linked to
the transaction. We have confirmed our $280 million target for cost and revenue
synergies and are on track to deliver them on schedule," said Alberto
Fornaro, CFO of IGT.
GTECH S.p.A. First Quarter
2015 Results Comparison
Income Statement (/M)
|Net Income (Loss) Attributable to Owners
|Diluted Earnings (Loss) Per Share
EBITDA is principally comprised of
operating income plus depreciation, amortization, and impairment. EBITDA is
considered an alternative performance measure that is not a defined measure
under IFRS and may not take into account the recognition, measurement and
presentation requirements associated with IFRS. We believe that EBITDA assists
in explaining trends in our operating performance, provides useful information
about our ability to incur and service indebtedness and is a commonly used
measure of performance by securities analysts and investors in the gaming
industry. EBITDA should not be considered as an alternative to operating income
as an indicator of our performance or to cash flows as a measure of our
liquidity. As we define it, EBITDA may not be comparable to other similarly
titled measures used by other companies.
Revenues grew 3% to 808 million from 781 million in the
first quarter of 2014. This increase was principally driven by higher service
revenues, which rose 4% to 755 million from 729 million in the
prior year, reflecting net favorable foreign currency effects and lottery
growth in Italy and the Americas. Product sales of 52 million were in
line with the prior year as lower lottery product sales in the Americas and
International machine gaming revenues were offset by favorable currency
EBITDA of 296
million was in line with the first quarter of last year and near all-time peak
levels, reflecting growth in the Americas and stability in the International
segment, in addition to net favorable foreign currency effects, which offset
the impact of a higher sports betting payout in Italy.
was 149 million compared to 181 million in the first
quarter of 2014. Operating Income was 170 million excluding one-off
items, primarily transaction and restructuring costs associated with the
acquisition of Legacy IGT.
was 81 million compared to 41 million last year, the
increase being principally due to financing associated with the acquisition of
Net Loss Attributable to the
Owners was 27 million compared to net income of 75 million
in the first quarter of 2014. The Net Loss Attributable to the Owners primarily
reflects higher Interest Expense and other charges associated with the
acquisition of Legacy IGT. Diluted Loss-Per-Share was 0.16 compared to
Diluted Earnings-Per-Share of 0.43 in the comparable prior year period,
again reflecting acquisition-related items.
Operations was 158 million compared to 163 million in the
prior year. Capital Expenditures in the first quarter were 65
At March 31, 2015, Consolidated
Shareholders' Equity totaled 2.59 billion. GTECH had a Net Financial
Position (NFP) of 3.16 billion versus 2.59 billion as of December
31, 2014. Excluding one-off items primarily related to the acquisition of
Legacy IGT, NFP was 2.56 billion at the end of the first quarter of
First Quarter Results by
Revenues in the Americas segment
grew 23% to 300 million in the quarter. In constant currency and
excluding pass-through reimbursements, Revenues were up 4%. Service revenues
increased 26%, supported by favorable foreign currency effects; strong instant
ticket sales and multistate jackpot activity; and substantial growth for
machine gaming operations. Product sales of 34 million in the quarter
were modestly above the prior year period, as a significant increase in machine
gaming revenues and favorable foreign currency effects were partially offset by
lower lottery product sales.
Operating Income from the Americas
segment of 46 million was 51% greater than the prior year period,
reflecting favorable foreign currency effects, strong lottery same-store
revenue growth, and higher machine gaming profits from both product sales and
the contribution from a larger installed base of gaming machines.
Revenues in the International
segment were 77 million, 1 million greater than the prior year,
driven by favorable foreign currency effects and increased lottery revenues
that were partially offset by lower machine gaming product sales.
International lottery same-store
revenues were up approximately 11% compared to the same period in 2014,
reflecting continued strength in instant ticket sales in the United Kingdom and
robust jackpot growth in Eastern Europe.
Operating Income in the
International segment was 13 million versus 15 million in the first
quarter of last year, as higher lottery profits were more than offset by lower
product sales and a broad mix of items.
Revenues in Italy were 430
million compared to 461 million in the first quarter of 2014, principally
due to higher sports betting payout. While sports betting wagers were up 2% in
the first quarter, sports betting revenues were 39 million compared to
62 million last year due to a 10 percentage point increase in payout.
Total Lotto wagers for the quarter
were up 16% to 1.82 billion compared to 1.57 billion last year,
driven by strong performance in 10eLotto and late-numbers. Instant-ticket
wagers declined 7% to 2.30 billion versus 2.48 billion last year,
partially due to the cadence of new product introductions.
Machine gaming revenues were
135 million versus 145 million last year, reflecting the impact of
the new Italian Stability Law.
Operating Income of 140
million compared to 158 million last year primarily reflects the impact
of the higher sports betting payout.
Pursuant to the Agreement and Plan
of Merger, as amended, providing for the combination of GTECH and Legacy IGT,
Philip G. Satre was appointed as Chairman of the Board of Directors and each of
Patti S. Hart and Lorenzo Pellicioli was appointed as Vice Chairman of the
Board of Directors.
Conference call and
Today, at 8:00 a.m. EDT / 1:00 p.m.
BST / 2:00 p.m. CEST, management will host a conference call to present the
first quarter 2015 results. Listeners may access a live webcast of the
conference call along with accompanying slides under "News and Presentations"
on IGT's Investor Relations website at www.merger.igt.com/investors. 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 3450 9571 for participants in the United Kingdom and +1
646 254-3387 for listeners outside the United Kingdom. The conference
ID/confirmation code is 2660253. 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 2660253.
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 generated approximately $6 billion in revenues in 2014 and has more than
For more information, please visit:
|Italian media inquiries,
(+39) 06 51899030
SOURCE: International Game
INTRALOT Advances Youth Entrepreneurship &
ATHENS, Greece (May 4, 2015) --
INTRALOT organized a Business Day at the Company's Innovation Centre in Athens
on May 11th 2015, attracting about 100 University students and graduates to an
incursion into the business and research underpinnings of the gaming sector.
During INTRALOT Business Day the participants had the opportunity to get
acquainted with the company's international expansion and global operations, as
well as with products and services. They also had the chance to exchange ideas
with INTRALOT executives and to participate in an interactive workshop, where
they took the challenge to tackle a gaming business case study..
"It is our pleasure to welcome
all our young people to INTRALOT's Innovation Center. INTRALOT's growth depends
on graduates skilled for a rapidly evolving labour market. Our goal is to
promote the realization of your potential by exposing you to the realities of
business life. Your dreams for a bright career can come true with dedication to
your goals and consistency in what you do", said INTRALOT Group CEO, Mr.
Antonios Kerastaris, in his opening speech.
INTRALOT's Business Day was a
follow-up to the "Panorama of Entrepreneurship and Career Development"
initiative a 3-day event organized 20-22 March, 2015, by Athens University of
Economics Professor Iordanis Ladopoulos and his team. Addressing the
participants, Professor Ladopoulos stated: "I'd like to warmly thank INTRALOT
and to applaud this initiative and the professionalism of INTRALOT corporate
executives and organizing team. The Business Day was an enriching experience
and the best edition of the event over the last three years. We were impressed
by the attention given to detail, the well-structured and engaging workshop,
the hospitality and the overall interest of the entire team."
Held for the 5th consecutive year,
Panorama is one of the biggest youth entrepreneurship and career building
events currently organized in Greece.
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 and growth. 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 CONTACT: Ms.
Persa Kartsoli, Group Director of Corporate Communications, Phone: +30-210
6156000, Fax: +30-210 6106800, email: email@example.com.
Score with the Core! - Alchemy3 Introduce Publishers Clearing House
ROSWELL, Georgia (May 12, 2015) -
The Prize Patrol is coming! Alchemy3 is partnering with Publishers Clearing House (PCH)
-- a leading provider of offline and online free to play games and
sweepstakes-- to bring PCH-branded games to lotteries and their customers.
As lotteries shift some of
their efforts back to the core player, the wide spread recognition of the
Publishers Clearing House brand coupled with the dream of winning, make PCH an
ideal partner for lotteries, said Jeffrey Schweig, President of
With a long-standing
reputation for offering the pre-eminent sweepstakes, PCH also recently
established itself online as a leading provider of digital "play and win"
entertainment properties that are very popular with lottery core
players, Schweig added.
For decades Publishers
Clearing House has been known as the sweepstakes, prize winning
brand, said Todd Sloane, Senior Vice President of PCH.
Through our online initiatives, we have also introduced Instant Win
and Draw games, and I believe lotteries will not only score with their core,
but also attract the thrill seeking generation of the online digital
player," Sloane added.
"Lotteries will also be able to
leverage the popular PCH Prize Patrol®, a group that travels the country
surprising lucky cash prize winners with a big oversized check, balloons, roses
and champagne. Incorporating the Prize Patrol into lottery programs
provides lottery marketers with a way to feature the thrill of the
win which we rarely have the opportunity to capture with our typical
lottery games Schweig concluded
About Publishers Clearing
Since 1953, Publishers Clearing
House has grown from a direct marketer offering magazine deals to a
omni-present multi-channel brand that offers a range of merchandise for sale as
well as a wide variety of "free to play" chances to win through their growing
network of digital play and win entertainment websites. PCHs
programs cover the United States and Canada.
Started in 2007, Alchemy3 maintains
trusted relationships with a majority of the North American lotteries and is
one of a select few companies in America that holds exclusive licenses to
companies like Publishers Clearing House, StubHub, Bass Pro Shops, The Home
Depot, Honda and Norwegian Cruise Line. To learn more about Alchemy3, visit:
Scientific Games to Continue as Long-Time Instant Game Provider to
LAS VEGAS AND ATLANTA - (May 12,
2015) -- Scientific Games
Corporation ("Scientific Games" or the "Company") today announced it has
signed a two-year extension to its instant products contract with the
Missouri Lottery ("the
Lottery") under which Scientific Games will supply the Lottery with instant
games for Missouri players. Since 1986, Scientific Games has served as the
instant game provider to the Missouri Lottery, ranked 17th in the world for
instant game per capita sales (La Fleur's 2015 Almanac). The Company will
continue to provide instant games and services to the Lottery through June 30,
May Scheve Reardon, Executive
Director, Missouri Lottery, said, "We look forward to continuing our nearly
30-year relationship with Scientific Games. Their strategic recommendations
have made them a trusted partner to the Missouri Lottery, helping us grow our
instant product category and return important dollars to support public
education in Missouri year after year. " In fiscal year 2014, instant games
represented 67 percent of the Missouri Lottery's revenue.
In addition to the design,
programming and production of instant games, Scientific Games provides the
Lottery with a player loyalty program, which includes 2nd Chance drawing
administration, website marketing and support, merchandise prizes and
fulfillment, and a mobile app. The Company also provides a portfolio of
licensed brands to the Lottery such as MONOPOLY, "AMC's The Walking
Dead®" and Harley-Davidson® to enhance the entertainment experience for
players in Missouri.
"We are honored to continue our
longtime partnership with the Missouri Lottery, sharing our global best
practices for instant product portfolios to provide fun, entertaining instant
and 2nd Chance games to players in Missouri," said John Schulz, Senior Vice
President, Instant Products for Scientific Games. "Supported by insights
from Scientific Games' recent global player segmentation study, our strategic
recommendations will become even more important to the Lottery as they work to
drive returns to education in the state."
In fiscal year 2014, the Missouri
Lottery generated more than $1.1 billion in total retail sales, which included
more than $753 million in instant product sales (La Fleur's 2015 Almanac).
About Scientific Games
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 www.scientificgames.com.
The Missouri Lottery was created in
1985 and since 1994 has used its proceeds to help fund the state's public
education programs, support Missouri businesses and entertain millions. The
Missouri Lottery has contributed a total of $5 billion to Missouri and public
education in the state.
Company CONTACT: Lottery
Communications, Therese Minella, APR (770) 825-4219.
SOURCE: Scientific Games.
Gaming in Holland Release Full Conference
The NETHERLANDS (May 13, 2015) --
The full schedule for the Gaming in Holland Conference is now online.
Highlights include sessions on the
global and Dutch lottery markets, as well as sessions dedicated to future Dutch
remote gaming regulation.
Notable speakers on the topic of
future regulation include Marja Appelman, CEO at Netherlands Gaming Authority;
Dennis van Breemen, Program Manager at the Ministry of Security and Justice;
and Justin Franssen, head of the Gaming Practice Group at Kalff Katz &
Lottery Insider is a media partner with the Gaming in Holland Conference (http://www.gaminginholland.com/)
SOURCE: Gaming in Holland (http://www.gaminginholland.com/).
New Digital Single Market Strategy for the EU
Lotteries support a
well-regulated EU internal market that takes subsidiarity principle and
cultural diversity of lotteries in the Member States into
BRUSSELS, Belgium (May 8, 2015) --
The European Lotteries
association welcomes the approach followed by the European Commission in its
strategy to boost the digital economy in the EU context where 28 jurisdictions
coexist, and where therefore consideration of subsidiarity and of
sector-specificity are needed, in the interests of European consumers.
This week, the European Commission
adopted its "Digital Single Market Strategy for Europe" which includes
16 initiatives to boost the digital economy and foster the internal market
online. The European Commission in its announcements follows a proportionate
and appropriate approach which aims at removing unjustified cross-border
barriers online, whilst confirming that in some specific areas, national
regulations must prevail in the interest of the consumers.
As EL President Friedrich Stickler
notes: "In its strategy, the European Commission rightly addresses the EU
economy's needs for digitalisation and innovation". Lotteries are strongly
in favour of a well-regulated EU internal market whereby the principle of
subsidiarity and the culturally diverse nature of lotteries in the Member
States are taken into account. Lotteries stand united in a model that supports
society and whereby innovative solutions in an online environment are pursued.
In doing so, they stress the importance of ensuring the safety of the consumer
in accordance with policies set by Member State governments; as well as
strengthening possibilities for national authorities to ensure online security,
including combating crime and anti-money laundering efforts and the fight
against illegal operators. This is in line with the resolutions on online
gambling adopted by the European Parliament that stress the very special nature
For further information please
contact: Friedrich Stickler, EL President and Board member, Austrian Lotteries
Tel. +43.1.79070.1300, firstname.lastname@example.org
Jutta Buyse, EL General Delegate,
Brussels Tel: + 32.(0)18.104.22.168, email@example.com
European Lotteries (EL) is the
European umbrella organisation of national lotteries operating games of chance
for the public benefit. EL has members from 45 European countries including all
28 EU Member States. The association's EU members contribute more than 20
billion p.a. to the state budgets and the funding of sport, culture,
social projects, research and other causes of general interest. Unlike many
commercial online gambling operators, EL members only offer gambling and
betting services in the jurisdictions in which they are licensed by the
respective national government.
SOURCE: European Lotteries (EL).
State of Digital Lottery Marketing Revealed in New Research by
WASHINGTON, D.C. (May 8, 2015) --
Exclusive research findings published by global digital lottery services
provider Lottovate uncover the key trends and strategies being employed by
lottery marketers on their digital channels and where improvements need to be
The research provides a succinct
look at the state of play in digital marketing within the lottery industry and
highlights vital areas of strength and weakness so that all lotteries can
benefit from the experience of others.
Launched at the La Fleur's 2015
Lottery Symposium & Retailing Summit in Washington D.C this week the
findings reveal lotteries that possess a bigger digital share of sales tend to
- A more profound product development process, using
surveys, tester groups or even different stages of tester groups;
- A stronger belief that truly successful customer
acquisition requires perfecting the right mix and balance of marketing
- More advanced strategies for collecting and
analyzing data, using it for forecasting future sales and identifying
opportunities for up- and cross-selling.
Zuriñe Sáez de Viteri,
managing director, Lottovate, says:
"Our research has identified what
is currently working when it comes to digital lottery marketing, but crucially
it's also uncovered critical areas for improvement.
"Whether these areas have emerged
due to limits in terms of knowledge, experience, strategy, capacity, budget or
other factors, Lottovate believes in working in true partnership with lotteries
to help them overcome these obstacles and enable their digital channels to
Released as a free-to-download white
paper, the report is based on qualitative research designed, conducted and
analyzed by an independent consultant analyst and former researcher at The
University of Freiburg in Germany. Interviews were carried out with executives
and digital marketing experts from 14 state lotteries and licensed operators in
Europe and Canada that currently have a digital sales channel..
"From the outset, we wanted to
take the most academic and scientific approach possible in order to create a
report that would be of genuine value to the lottery industry," says
Sáez de Viteri.
"We believe this has enabled us
to create a truly open and in-depth study of the current and future state of
digital lottery marketing which will provide lottery marketers with the
insights they need to develop their marketing strategies and boost the strength
of their digital channels," she added.
Lottovate draws on 16 years of
experience in product innovation and development, player acquisition and
customer relationship management (CRM). Combined with its data analytics,
marketing and technology expertise, it acts as a partner of lotteries to
develop digital lottery revenues, improve player experience and add measurable
value through a range of services: digital retail, marketing partnership and
Download the white paper for free
Lottovate is passionate about
digital lottery and the potential it offers the regulated lottery market, both
in increasing revenues and attracting new players, responsibly. Indeed, digital
is all we do.
We focus on managing player
experiences that will deliver results, based on leading eCommerce practices and
Most traditional suppliers to the
lottery industry focus on the supply of technology, leaving lotteries to
operate and build their businesses. Lottovate works in true partnership with
lotteries to build a successful digital channel together on a shared basis,
with Lottovate, not only supplying the multi-channel experience, but also
managing the digital lottery channel and the day to day operations of
attracting and retaining players.
Our services are available in two
- as a full, end to end, multi-channel operation
which we call "The Digital Retailer"; or
- for those lotteries that already have an
interactive proposition, we can manage the player-facing marketing activity to
optimise performance as "The Marketing Partner".
We can also offer our insight and
experience on a consultancy basis.
Illinois Lottery's Newest Instant Games are Heating Up May
Get 'em while they're
CHICAGO, Illinois (May 7, 2015) --
The Lottery is showcasing four new instant games this month. Players can get a
jump on summer with these new tickets that will join the Lottery's current
line-up of popular instant games and long-time favorite numbers games like
Lotto with Extra Shot and Lucky Day Lotto.
7-11-21 is Illinois' longest-running
instant ticket and a classic customer favorite game that, for only $1, offers
prizes up to $3,000. Overall odds of winning a prize on 7-11-21 are
Players can take a spin with Slots
of Luck. This $2 slot-themed game offers prizes up to $30,000; players can
double their prize by finding a coin symbol. Overall odds of winning a prize on
Slots of Luck are 1-in-4.22.
Sizzlin' 7s, is the hottest $5 game
on the market! Win up to $250,000 in the latest of the popular "7s" games. This
game is also loaded with over 150,000 prizes of $25 or more; scratch a red
"Sizzlin" symbol and win all 15 prizes. Sizzlin' 7s, includes 1-in-3.98 overall
odds of winning a prize.
Wild 10s gives players the chance to
win $1,000,000 instantly. This new $10 ticket providing players with 16 chances
to win and offers $48 million in cash prizes. Overall odds of winning a prize
on Wild 10s are 1-in-3.51.
Players can purchase Wild 10s,
Sizzlin' 7s, Slots of Luck and 7-11-21 at more than 8,100 Lottery retailers
About Illinois Lottery
Founded in 1974, the Illinois
Lottery has contributed over $18 billion to the state's Common School Fund to
assist K-12 public schools, as well as hundreds of millions of dollars to the
Capital Projects Fund and to special causes like Illinois Veterans, the fight
against breast cancer, MS research, Special Olympics, and assistance for people
living with HIV/AIDS.
In addition to playing in-store, the
Lottery offers online and mobile play for all draw-based Illinois Lottery games
at illinoislottery.com. Players must be at least 18 years old.
SOURCE: Illinois Lottery.
New Jersey Grants Full Licensure to CAMS
NEW JERSEY (May 8, 2015) -- CAMS,
LLC, the leader in providing online gambling and lottery operators with payment
connectivity, Know Your Customer (KYC) verification services and geolocation,
announced today that it has been granted a full Casino Service Industry
Enterprise License from the New Jersey Division of Gaming Enforcement
This level of licensure exceeds the
requirements of the New Jersey DGE. CAMS committed itself to a more rigorous
certification process in order to illustrate its long-term commitment to the
industry and set the gold standard for companies within the online gaming
New Jersey has been an
important state for us as well as the industry at large, said CAMS
CEO Matthew Katz. This was the first populous state in which to deploy
and fine-tune age and ID verification as well as geolocation. We look forward
to serving other states that adopt licensed and regulated online
Full licensure was the final step
for CAMS, as it provides KYC verification and payments services to gaming sites
within the state. CAMS was previously granted a provisional waiver by the New
Jersey DGE in order to allow it to serve the industry during its rapid roll-out
Using proprietary and
industry-leading applications, CAMS provides merchants in the gaming industry
with the tools they need to reduce risk, comply with regulations and increase
profitability. Merchants leverage CAMS expertise in payments connections,
Know Your Customer services such as age and ID verification, geolocation and
fraud management - all through a single integration, thereby saving time, money
and valuable resources.
The CAMS waterfall approach uses
multiple age and identity sources to help legal-aged players gain approval and
register for real-money play.
SOURCE: CAMS LLC.
Oregon Lottery Partners With Gamtalk to Help Oregon's Gamblers
OREGON (May 12, 2015) -- When you
are struggling with a gambling problem, sometimes you just need someone to talk
Beginning this month, the
Oregon Lottery is teaming up
with GamTalk - www.gamtalk.org - to provide a free online support service for
Oregonians with gambling issues.
GamTalk is an "online community"
that provides an opportunity for people to anonymously discuss their own
gambling issues or their concerns about a friend or relative. It also provides
an easy way to find out about local services for problem gamblers.
A non-profit organization developed
by psychologist Dr. Richard Wood, GamTalk has been operating successfully in
Canada since 2008. Partnering with the Oregon Lottery will be the first time a
U.S. lottery has adopted this service.
"We are thrilled to be partnering
with the Oregon Lottery and through it provide our service to Oregonians,"
said Dr. Wood. "GamTalk provides a great way to start talking about gambling
issues. It can be such a relief to discover that you are not the only person
who is going through this. We have a fantastic community of people who share
their stories and offer friendly advice and support to others."
Assistant Lottery Director for
Marketing and Retail Sales Stacy Shaw said, "The Oregon Lottery is committed
to promoting responsible gambling and connecting problem gamblers with free
help and treatment. A resource such as GamTalk is yet another way for gamblers
to find services and support. We are making the service available on the Oregon
Problem Gambling Resource website at www.opgr.org that we sponsor along with
the Oregon Health Authority and gambling addiction service providers throughout
The anonymous nature of GamTalk
makes it easier and less intimidating for people to discuss their gambling.
Typically visitors to GamTalk start by reading about other peoples' experiences
and then talk about their own situation when they feel they are ready. It is an
effective resource for people who can't access support locally. It is also a
helpful resource to use together with locally-provided services where
"We see that people are much more
likely to seek local help when they have an opportunity to talk anonymously on
GamTalk first," added Dr. Wood.
SOURCE: Oregon Lottery.
EUROMAT Joins Formal State Aid Complaint to the European
Dutch Gaming Tax
Proposals Constitute Illegal State Aid
The NETHERLANDS (May 11, 2015) --
The European Amusement and Gaming Federation EUROMAT has joined its Dutch
member, the VAN Kansspelen Branche-organisatie, in filing a formal state aid
complaint to the European Commission. The complaint argues that the Dutch
Government will violate EU law if it allows online gambling companies to
benefit from a tax rate of 20% compared to the 29% currently paid by their
The filing sets the scene for a
fiery debate at EUROMATs Gaming Summit on the 28th of May in Amsterdam.
The Dutch State Secretary for Security and Justice Klass Dijkhoff is set to
give a key note speech at the event and is likely to receive a tough reception
from industry operators who feel that this proposal is simply an unjustified
subsidy for online companies.
EUROMAT President Annette Kok warned
that the Dutch Governments reasoning simply doesnt add up
The Dutch Government has failed to demonstrate that this aid is
necessary. Online operators will have to enter regulated markets and pay the
applicable tax rates if they want to grow; for that reason licences will be
attractive to online operators even if they have to pay the same tax as
land-based businesses. The Dutch Government has provided no evidence to the
Mrs. Kok questions whether the aid
will be consistent with the common interest objectives of the
Dutch Government: If they are allowed to push this through all they will
achieve is a huge boost to the marketing budgets of international online
operators who dont need the Dutch Governments help to remain
competitive. Rather than channeling demand into regulated products, the Dutch
Government is only going to succeed in increasing consumption overall with a
likely rise in the risk of problem gambling.
Commenting on the decision to file,
EUROMAT Secretary General Kieran OKeeffe said: EUROMAT is taking
a stand against a national policy decision which we believe is non-compliant
with European law and is not in the interests of European consumers or our
private sector is united in its opposition to a proposal which unfairly
discriminates against bricks and mortar businesses with no evidence to suggest
that it will fulfil the intended objectives.
European Gaming and
Amusement Federation (EUROMAT)
The European Gaming and Amusement
Federation (EUROMAT) is the voice of the landbased gaming entertainment
industry in Europe. A highly regulated and highly taxed industry sector
contributing 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 16 national member associations from 11 European
For further information please call
Kieran OKeeffe on +32 (0)476 900 255
OLG Celebrates 40th Anniversary of Wintario With Support For Local
Charities And Toronto 2015 Pan Am Games Torch Relay
ONTARIO, Canada (May 13, 2015) --
Ontario Lottery and Gaming
Corporation (OLG) is celebrating the 40th anniversary of WINTARIO
Ontarios first provincial lottery game. The anniversary was marked with a
celebration today at Torontos Yonge-Dundas Square where OLG previewed its
support of the TORONTO 2015 Pan Am/Parapan Am Games Torch Relay and introduced
the All for Community Challenge initiative, which builds on
WINTARIOs legacy of support in local communities throughout the
The first WINTARIO lottery draw was
broadcast live on TV on May 15, 1975 from the Ontario Science Centre in
Toronto. As part of todays celebration, former WINTARIO host Faye Dance
shared memories of her time travelling across Ontario with the live broadcast.
For 22 years, WINTARIO held its
draws across the province, in big cities, small towns and even smaller
villages, giving away hundreds of thousands of dollars in lottery prizes and
creating great legacies in each of those communities. Faye highlighted the
important contributions WINTARIO grants made in communities such as the
building of recreation centres, arenas and art galleries.
Todays WINTARIO celebration
was also attended by World Trampoline champion, Olympic and Pan Am gold
medallist Rosie MacLennan. Rosie spoke about the importance of supporting
amateur athletics in Ontario. Since January 2006, OLGs Quest for Gold
program has provided $93 million in support for Ontarios amateur athletes
and their coaches.
Beginning May 30, 3,000 torchbearers
will carry the Pan Am flame that will share the Pan Am spirit in more than 130
OLG will celebrate the torch relay
in dozens of those communities with exciting day and evening events. The Pan Am
flame will make its final stop July 10, 2015 at the Opening Ceremony of the
TORONTO 2015 Pan Am Games.
In the proud tradition of WINTARIO,
and central to OLGs support for the TORONTO 2015 Pan Am Games Torch
Relay, is the All for Community Challenge initiative which
celebrates the work of local charities throughout Ontario.
Select local charities will have an
opportunity to vie for a share of $10,000.
Just as the torch relay will leave
behind indelible memories of the excitement of the games, the All for
Community Challenge will help local charities create lasting legacies in
dozens of communities.
Spectators at todays WINTARIO
celebration were also able to enter a draw for a chance to win one of 20 pairs
of tickets to the TORONTO 2015 Pan Am/Parapan Am Games.
For more details on todays
event and to share your experiences, go to Twitter and use the hashtag
OLG is a provincial agency
responsible for province-wide lottery games and gaming facilities. Since 1975,
OLG has provided nearly $40 billion to the Province and the people of Ontario.
OLGs annual payments to the
Province have helped support health care; education, research, prevention and
treatment of problem gambling; amateur sport through the Quest for Gold
program; and local and provincial charities.
OLG is a Premier Sponsor of the
TORONTO2015 Pan Am / Parapan Am Games.
The Texas Lottery and D.R. Horton to Announce Grand Prize Texas
Dream Home Winner
AUSTIN, Texas (May 13, 2015) -- On
May 15, the Texas
Lottery® and D.R. Horton®* will announce the winner of a new home!
One lucky Texas Lottery player will receive $500,000 to build a D.R. Horton
Dream Home located in any Texas D.R. Horton Community. The drawing will be held
at the beautiful Reserve at Westridge community in McKinney.
We are excited to give away
the grand prize for a scratch-off game that was very successful for
us, said Gary Grief, executive director of the Texas Lottery.
The Texas Dream Home scratch-off game generated $35.2 million in sales
and an estimated $7 million in revenue for public education.
Players of the Texas Lotterys
Dream Home scratch-off game had the opportunity to enter their non-winning
tickets into promotional second-chance drawings for a chance to become a
finalist for the D.R. Horton Dream Home grand prize.
Four finalists were chosen and will
participate in the dream home giveaway event. Each finalist will select a key;
however, only one key will open a door, revealing the winner of a brand new
home. The event will be hosted by lifestyle guru, Steve Kemble.
We are excited to be
collaborating with The Texas Lottery and The Home Depot®, and were
honored to help one very lucky Texan realize their dream of owning and enjoying
a beautiful D.R. Horton home for years to come, said Donald R.
Horton, Chairman of the Board for D.R. Horton.
The grand prize winner will receive
$500,000 plus $166,665 (paid to the IRS for federal withholding taxes) for a
total prize of $666,665, which can be used to purchase a D.R. Horton Dream
Home. The winner will receive a private consultation session with the D.R.
Horton Dream Home Sales Consultant who will assist the Dream Home winner
throughout the home building project.
About the Texas Lottery
Beginning with the first ticket sold
in 1992, the Texas Lottery has generated $22 billion in revenue for the state
and distributed $45 billion in prizes to lottery players. Since 1997, the Texas
Lottery has contributed $17 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. 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® and scratch-offs. For more information visit us on
Facebook, Twitter, YouTube or at www.txlottery.org.
SOURCE: Texas Lottery.
Betconstruct Launches Asian View Sportsbook
MACAU, SAR (May 13, 2015) --
BetConstruct, an award-winning developer and provider of online and land-based
betting and gaming solutions and services, announces that it is now offering a
localised version of its industry leading Sportsbook that will appeal to the
wider audience in Asia and to players who prefer an Asian View to their
Sportsbook. The Asian View Sportsbook will be unveiled during the G2E Asia in
The Asian View Sportsbook provides a
more familiar experience for players, especially those active in
in-running betting for soccer. The Asian View also provides greater
visibility to betting opportunities categorised primarily by time and then by
sport or league.
Asian players demand a more
time focused and uniform layout of markets as well as regular updates of
odds, said Stuart Baker, BetConstructs Chief Product Owner.
This update to our Sports betting offering, coupled with our 20,000
live matches a month, will provide operators with a compelling user experience
that meets the needs of players who prefer this Asian style of betting.
Alongside our new Asian Sportsbook View we provide the Back End tools that meet
the operational needs in Asia. Our Agent solution, tailored for the Asian
market, includes a customisable Agent System, Cash Management, Agent Back
Office tools and Reporting."
BetConstruct is an award-winning
developer and provider of online and land-based betting and gaming solutions
and services. BetConstructs innovative and proven offerings include
market leading online and land-based Sportsbook, Live Dealer Casino, RNG Casino
Suite, Poker, Skill Games, Virtual Betting, Financial Betting and Fantasy
Sports. BetConstruct currently powers 120 partners globally, fully supporting
them in offering their players the finest betting and gaming experience, while
efficiently managing their business through a single back office suite. For
more information, please visit BetConstruct website at:
AGTech Announce 2015 First Quarterly Results
- Shows strong sales momentum with revenue
rising 88.5% year-over-year
- Benefits from regulatory and policy
developments in China to accelerate business expansion
HONG KONG, SAR (May 11, 2015) --
AGTech Holdings Limited (AGTech, together with its subsidiaries,
the Group) (SEHK code: 8279), the leading integrated gaming company
in Chinas lottery market, announced its 2015 first quarterly results
reaching sustaining business growth.
During the quarter under review, the
Group recorded an increase in sales of approximately 88.5% to HK$48.5 million
while gross profit increased by approximately 20.9% to HK$14.9 million. Most of
the revenue was derived from the gaming technologies business (game software,
systems, hardware and terminals) and the provision of sports lottery management
and marketing consultancy services in the PRC. The increase in revenue was
mainly due to the improvement of the sales of the Groups hardware
division attributable to the sales of newly added hardware and technical
Lottery Game and System /
Virtual Sports Betting
During the quarter under review, the
Group continued to supply its virtual sports lottery games e-Ball
Lottery and Lucky Racing to the launch provinces of Jiangsu
and Hunan respectively. These two games and the underlying betting transaction
system on which these games run are supplied by AGT, the Groups
majority-owned joint venture with Ladbroke Group (a world leader in sports
betting and gaming, based in the United Kingdom). Following the successful
launch of Lucky Racing and e-Ball Lottery, virtual sports lottery has become a
high growth and diversified game category and it is fully accepted by
Lucky Racing has become a very
popular lottery game in Hunan Sports Lottery. The Groups technical
partners at the Sports Lottery have completed the technical preparation work of
the national high frequency game platform and have satisfied the technical
requirements necessary to carry the Lucky Racing game to other provinces beyond
Hunan and the game is expected to be supplied to more province(s) in China in
the relatively near future. In close cooperation with the customers and the
relevant lottery authorities in China, the Group is continually optimising
e-Ball Lottery and is encouraged by the potential of this game. Like Lucky
Racing, the Group expected that the game will roll out to more provinces in
China in due course.
To date, Lucky Racing and e-Ball
Lottery have been successfully launched in traditional dedicated Sports Lottery
shops and the games are expected to be deployed to more province(s) via this
channel. In addition, in due course, the games could be deployed in selected
leisure venues (such as coffee shops and restaurants) and, as approved lottery
products, the games have the potential to expand nationwide through other
remote channels such as mobile and internet.
Gaming Hardware and Research
Through GOT and the recently
acquired Zoom Read, AGTechs hardware division supplies 29 provinces,
cities and municipalities in China with lottery hardware. Zoom Read is a
leading manufacturer and supplier of paper scratch card sales hardware in China
while GOT is the leading manufacturer and supplier of betting terminal
equipment of Chinas Sports Lottery.
AGTech is continuing to pursue
international opportunities for its hardware and currently the Group is in
active discussions with a number of potential international customers and/or
distributors and the Group has machines live or on trial in markets such as
South Africa, Cyprus, the United Kingdom, Italy, Austria and Canada. In
relation to the Groups hardware business division, in addition to the
on-going provision of existing products, the Group continues the research and
development of new products based on market demand and grows its share in the
domestic market while actively expanding its international market.
Online and Mobile Lottery
In the internet and mobile smart
phone channel, the China lottery authorities are actively optimising relevant
policies and strengthening regulations, and the Group continues to closely
monitor policy developments with respect to the government approval of lottery
sales via internet and mobile.
In the internet channel, the
authorities are working on a national (as opposed to provincial) internet
distribution system. It is anticipated that sales of the Groups approved
games, Lucky Racing and e-Ball Lottery, are likely to benefit strongly when
such a system is introduced. With respect to mobile smart phones, as evidenced
by the recent Ministry of Finance relevant policies, Chinas lottery
market has started to activate the trial sale of new category of mobile phone
lottery games in various provinces. The Group is well positioned to participate
in this market in various aspects through its subsidiary.
Mr John Sun, Chairman & CEO of
AGTech, said, We expect 2015 to be a year of significant regulatory
progress in the China lottery industry. Based on accurate interpretation of
national regulations and policies, we have successfully grasped industry trends
and consistently formulated our long-term and stable strategic positioning and
business development strategies over many years. We believe that, following the
regulatory evolution of the Chinese lottery industry and relying upon our
competitive advantages formed in game development and channel construction, we
are well-positioned to achieve a significant breakthrough in business
development in the near future.
The Group is the leading integrated
gaming company in Chinas lottery market. The Group is principally engaged
in (i) gaming technologies (game software, systems, hardware and terminals);
(ii) online and mobile lottery; and (iii) lottery management. The Group is
committed to applying international management concepts and advanced
technologies to the lottery industry in various areas such as lottery systems,
lottery hardware, lottery games, internet and mobile smart phone systems and
distribution, wireless network and streaming media, thereby providing
Chinas lottery authorities and millions of lottery players in China with
professional, integrated lottery services.
Through Asia Gaming Technologies
Limited (AGT) and its subsidiaries, the Groups joint venture
with Ladbroke Group, the Group has developed and successfully launched
Chinas only Ministry of Finance-approved virtual fixed odds sports
betting system as well as its first games, Lucky Racing and
The Group has a team of over 200
professionals and the footprint of its lottery business now covers over 80% of
the provinces and municipalities across China. The Group is a member of the
World Lottery Association (WLA)
and the Asia Pacific Lottery
For more information, please visit:
For investor enquiries, please
contact: AGTech Holdings Limited, Geaspar Byrne CFA, Tel: (852) 2599 7111.
SOURCE: AGTech Holdings Limited.