International Game Technology PLC Reports First Quarter 2019
- Revenue of $1.14 billion includes significant
increase in global gaming unit shipments and continued growth in global lottery
- Operating income of $178 million; adjusted EBITDA
of $417 million, stable at constant currency on strong Italy and North America
- Maintaining full-year adjusted EBITDA outlook
- Cash dividend declared of $0.20 per ordinary
LONDON, May 20, 2019 /PRNewswire/ --
International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial
results for the first quarter ended March 31, 2019. Today, at 8:00 a.m. EDT,
management will host a conference call and webcast to present the first quarter
results; access details are provided below.
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...
"Our first quarter results confirm
the consistent growth profile of our global lottery business and the progress
we've made in sales of gaming machines, where global unit shipments increased
20%," said Marco Sala, CEO of IGT. "The results of our Italy operations are
also noteworthy, with further growth in lottery and resilient machine gaming
performance. As we look to the future, our focus remains on improving revenue
and profits from gaming activities, innovating with new lottery games and
technologies, and pursuing emerging growth opportunities."
"First quarter revenue and adjusted
EBITDA were stable at constant currency, thanks to important contributions from
our Italy and North America Lottery segments," said Alberto Fornaro, CFO of
IGT. "Operating expenses were well controlled, our financial condition is
solid, and we are maintaining our financial outlook for the year."
Overview of Consolidated First
Quarter 2019 Results
(In $ millions, unless
Net income/(loss) per diluted
Adjusted operating income
Adjusted net income per
Note: Adjusted EBITDA, adjusted
operating income, 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
Consolidated revenue of $1.14
billion, stable at constant currency
- 20% increase in global gaming machine unit
- Stable lottery revenue
- Offset by increased gaming machine taxes in Italy
and lower gaming systems sales
Adjusted EBITDA of $417 million,
stable at constant currency
- Strong Italy and North America Lottery
- Selling, general and administrative expenses and
research and development costs better than the prior-year period despite higher
Adjusted operating income was
$230 million, down 4% at constant currency
- Higher depreciation associated with upgrading the
gaming installed base and lottery contract wins and extensions
Interest expense, net was $103
million compared to $107 million in the prior-year quarter
Provision for income taxes was $53
million compared to $61 million in the prior-year period
Net income attributable to IGT was
$40 million in the quarter; adjusted net income attributable to IGT was $24
Net income per diluted share of
$0.20; adjusted net income per diluted share of $0.12
Net debt of $7.71 billion, down from
$7.76 billion at December 31, 2018
Click here to view original content to download
IGT (NYSE:IGT) is the global leader
in gaming. We enable players to experience their favorite games across all
channels and regulated segments, from Gaming Machines and Lotteries to Digital
and Social Gaming. Leveraging a wealth of premium content, substantial
investment in innovation, in-depth customer intelligence, operational expertise
and leading-edge technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established local
presence and relationships with governments and regulators in more than 100
countries around the world, and create value by adhering to the highest
standards of service, integrity, and responsibility. IGT has over 12,000
employees. For more information, please visit www.IGT.com.
- Phil O'Shaughnessy, Global Communications, toll
free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401)
- Francesco Luti, +39 3485475493; for Italian media
- James Hurley, Investor Relations, +1 (401)
SOURCE International Game Technology
INTRALOT Applauds WyoLotto for Their Highest Annual Transfer to
the Wyoming State Treasurers Office
ATHENS, Greece (May 23, 2019) --
INTRALOT, a leading gaming vendor of lotteries around the globe, would like to
congratulate our partners at Wyoming Lottery Corporation on surpassing $5.4
million in total transfer amount for this fiscal year in April 2019. This is
the highest annual transfer total to the State Treasurers Office since
WyoLotto launched in August 2014. This is in addition to the recent
Sharon Sharp Award that WyoLotto received for being the lottery that
achieved the highest percentage increase in net funds contributed to its
Since the beginning of our
partnership, WyoLotto and our US subsidiary INTRALOT Inc. have worked
together to successfully launch the lottery start-up in the US market with 450
retailers, that INTRALOT Inc. assists in managing, training, and recruiting
Currently, WyoLotto offers
four draw games including the very successful $5 in-state Cash Lotto game
called Cowboy Draw. In fiscal year 2018, WyoLotto sales
totaled close to $29 million and Cowboy Draw sales represented 34% of the
Wyoming Lottery portfolio.
Byron Boothe, Acting CEO of INTRALOT
Inc., commented: The Board, the Management, and the entire Lottery
Corporation should feel proud of how much they've accomplished in a relatively
short period of time. We're looking forward to providing new ways of fun and
entertainment for Wyoming players. Most importantly, we're excited about
generating revenue for the State of Wyoming and contributing to the local
community for good causes.
INTRALOT, a public listed company
established in 1992, is a leading gaming solutions supplier and operator active
in 47 regulated jurisdictions around the globe. With 0.9 billion turnover
and a global workforce of approximately 5,200 employees (3,000 of which in HQ
and subsidiaries and 2,200 in associates) in 2018, INTRALOT is an innovation
driven corporation focusing its product development on the customer
experience. The company is uniquely positioned to offer to lottery and gaming
organizations across geographies market-tested solutions and retail operational
expertise. The company has designed a new ecosystem of holistic omni-channel
solutions across verticals (Lottery, Betting, Interactive, VLT) for Lotteries
digital transformation. INTRALOT has been awarded the prestigious WLA
Responsible Gaming Framework Certification by the World Lottery Association
(WLA) and the WLA certificate for the Security Control standard.
For more information please CONTACT:
Ms. Spyranda Anamouroglou, Corporate Communications Manager, Ph.: +30
2106156000, Fax: +30-2106106800, email:
SOURCE: INTRALOT (www.intralot.com).
Gaming Laboratories International (GLI®) Announces James Maida as
EY Entrepreneur of The Year® 2019 New Jersey Award
Maida joins ranks of
unstoppable entrepreneurs in New Jersey
LAKEWOOD, NJ (May 21, 2019)
Gaming Laboratories International (GLI) today announced that CEO and President
James Maida is a finalist for the EY Entrepreneur of The Year® 2019 New
Jersey Award. Widely considered one of the most prestigious business awards
programs in the U.S., the program recognizes entrepreneurs and leaders of
high-growth companies who are excelling in areas such as innovation, financial
performance, and personal commitment to their businesses and communities, while
also transforming our world. James Maida was selected as a finalist by a panel
of independent judges. Award winners will be announced at a special gala event
on June 20, 2019, at the Hyatt Regency New Brunswick.
I am honored to be selected
among the entrepreneurs who are finalists this year, as we celebrate our 30th
year in business, says Maida. In 1989, I co-founded GLI with
Paul Magno to provide independent testing services to the regulated gaming
industry with a core focus on quality, integrity, and customer-focused
relationships. Im proud to say that we became the go-to lab for testing
and certification with 24 offices around the globe, and we are expanding into
related and non-gaming industries.
The program has expanded to
recognize business leaders in more than 145 cities and more than 60 countries
throughout the world.
Regional award winners are eligible
for consideration for the Entrepreneur of The Year National competition.
About Entrepreneur of The
Entrepreneur of The Year®,
founded by EY, is the worlds most prestigious business awards program for
entrepreneurs. The program makes a difference through the way it encourages
entrepreneurial activity among those with potential and recognizes the
contribution of people who inspire others with their vision, leadership and
achievement. As the first and only truly global awards program of its kind,
Entrepreneur Of The Year celebrates those who are building and leading
successful, growing and dynamic businesses, recognizing them through regional,
national, and global awards programs in more than 145 cities and more than 60
About Gaming Laboratories
Gaming Laboratories International,
LLC delivers the highest quality land-based, lottery, and iGaming testing and
assessment services. GLIs laboratory locations are found on six
continents, and the company holds U.S. and international accreditations for
compliance with ISO/IEC 17025, 17020, and 17065 standards for technical
competence in the gaming, wagering and lottery industries. GLI also holds ISTBQ
certification. For more information, visit gaminglabs.com.
CONTACT: Christie Eickelman, Vice
President of Global Marketing, T: +1 (702) 914-2220 or E;
SOURCE: Gaming Laboratories
Tennessee Education Lottery Surpasses $5 Billion Raised for
Launches TEL Your
NASHVILLE, Tennessee (May 16, 2019)
-- Just in time for graduation season, the Tennessee Education Lottery
Corporation (TEL) has surpassed $5 billion in funds raised to support education
programs in the state. The Lottery is also raising awareness about those who
have benefited from Lottery-funded awards with a campaign called TEL Your
Its a special time of
year for students and their families, said Rebecca Hargrove,
Tennessee Lottery President and CEO. Graduating from a post-secondary
institution is an achievement of a lifetime, and for many it could not have
been accomplished without a Lottery-funded award.
Five billion dollars is an
extraordinary sum, but whats most meaningful is what these funds have
done for hundreds of thousands of students across the state, said Ms.
To raise awareness about how
Lottery-funded awards have made a difference for Tennesseans, the TEL is
seeking stories from those who have experienced the benefits of these programs.
From HOPE Scholarships to Tennessee Promise, we want to hear from
those whose lives have been impacted by Lottery-funded awards, said
Ms. Hargrove. These stories could be used on the TELs website, social
media, printed material and other channels.
For details, visit
According to data from the Tennessee
Student Assistance Corporation, the entity that administers Lottery-funded
programs, more than 1.3 million scholarships and grants to in-state education
institutions have been earned by deserving students since the Lotterys
inception in 2004, including more than 130,000 awards during the 2017-2018
academic year. Lottery funds are also used to support other education-related
activities, including after-school programs implemented in more than 225 sites
across the state, and an ongoing initiative to make schools more energy
In addition to the educational
beneficiaries, players have won more than $13.5 billion in prizes and Lottery
retailers have earned more than $1.2 billion in retailer commissions.
For additional information, visit
tnlottery.com and follow us on Facebook, Twitter & Instagram. Have fun.
CONTACT: Kym Gerlock, T:
615-324-6556, E: email@example.com.
SOURCE: Tennessee Education Lottery
Ground-Breaking International Treaty on Match-Fixing to Enter Into
Force in September
STRASBOURG / HELSINKI (May 16, 2019)
-- The Council of Europe Convention on the Manipulation of Sports Competitions,
also known as the Macolin Convention, will enter into force on September 1.
Switzerland today became the fifth
Council of Europe member state to ratify the convention following
Norway, Portugal, the Republic of Moldova and Ukraine triggering its
entry into force.
The entry into force of the
Macolin Convention is good news for everyone who values fair play and integrity
in sport, said Council of Europe Secretary General Thorbjørn
The convention is a major
step forward in the fight against corruption in sport and has received firm
backing from major sports organisations and partners including FIFA and UEFA. I
urge all of our member states, and countries around the world, to sign and
ratify the convention as soon as possible.
Launched in 2014, the Macolin
Convention is the only legally-binding international treaty promoting global
co-operation to tackle the manipulation of sports competitions.
The convention covers a wide range
of issues including match-fixing, illegal betting, poor governance, insider
information, conflicts of interest and the use of sports clubs as shell
It is based on the rule of law and
takes into account the impact that manipulation has on sport, athletes and
society as a whole.
Croatia and San Marino signed the
convention at a special ceremony in Helsinki today alongside the annual session
of the Council of Europes Committee of Ministers.
A total of 37 countries, including
Australia, have now signed the convention. Other non-European countries,
including Cap Verde and Morocco, have also expressed an interest in
Macolin Convention website
CONTACTS: Daniel Höltgen,
Spokesperson of the Secretary General, mob. +33 6 68 29 87 or Giuseppe Zaffuto,
Spokesperson/Media Officer, tel. +33 3 90 21 56 04.
SOURCE: Macolin Convention press
New Jersey Lottery Posts Record $3.3 Billion in Sales for Fiscal Year
Latest Audit Report Now Available Online
TRENTON, NJ (May 20, 2019)
The New Jersey Lottery posted record sales numbers last year according to the
Fiscal Year 2018 Audit Report released today, which is available for review on
In Fiscal Year 2018, the Lottery
generated approximately $3.3 billion in sales, compared to $3.187 in Fiscal
Year 2017. The strong sales generated a contribution to the State of
approximately $1.03 billion, the largest since 2013, which is used to support
New Jerseys public employee pension system.
The Lotterys success
last year was shared by many and we awarded more than $1.991 billion in prize
money to our players and paid over $188 million in commissions to our
retailers, said Acting Executive Director James Carey.
The Lottery had strong results
in Fiscal Year 2018 and is on track to have another strong performance in the
current fiscal year, which ends June 30th.
The Department of Treasury
recently entered into an amended service agreement with Northstar New Jersey
Lottery Group, the Lotterys sales and marketing vendor, that will save
the State millions of dollars over the remaining life of the contract. Between
those changes and the Lotterys strong performance, we are confident that
the Lottery will continue to be a key contributor to the States improving
fiscal health, added Carey.
CONTACT: MaryAnn Rivell, Public
Information Office, Phone: (609) 599-5875, E:
SOURCE: New Jersey Lottery.
Global Lottery Monitoring System Highly Welcomes the Entry Into Force
of the Macolin Convention
LAUSANNE, Switzerland (May 17, 2019)
-- On May 16 Switzerland on May 16 became the 5th state that ratified the
Council of Europe Convention on the Manipulation of Sport Competitions,
following the ratifications of Norway, Portugal, Ukraine and Moldova. The
Council of Europe Convention on the Manipulation of Sports Competitions, also
known as the Macolin Convention, will now officially enter into force on 1
GLMS highly welcomes this
development and looks forward to the official entry into force on 1 September.
The Macolin Convention is the only legally-binding instrument in the domain,
covering all relevant topics (incl. national and international cooperation,
sharing of information, national platforms, criminal provisions,
whistle-blowers protection, education and prevention, conflict of interests
measures against illegal sports betting). Its implementation will be of pivotal
importance for keeping sport safe, credible and inspirational! GLMS along EL
and WLA have since the beginning fully supported the Council of Europe towards
its efforts to promote the Convention and support states with the
implementation of its provisions, via the Keep Crime out of Sport KCOOS+
Beyond the ratification of
Switzerland, Croatia and San Marino signed the convention at a special ceremony
in Helsinki on 16 May alongside the annual session of the Council of
Europes Committee of Ministers. A total of 37 countries, including
Australia, have now signed the convention, while others have also expressed
their interest. At the same time, the ratification of the Convention by Italy
was on 17 May published in the Official Gazzete and will become official as
soon as the Council of Europe receives the ratification instrument via the
The Convention shall now officially
enter into force on 1 September and as per article 30-31 of the Convention, the
Council of Europe shall within one year from the ratification convene the
Convention Follow-Up Committee. With this in mind and in view of the upcoming
Education, Youth, Culture and Sport (EYCS) Council Meeting of the EU, the
Danish Delegation via an information note it has shared calls upon the EU and
EU member States to be part of the Follow-Up Committee from the beginning. The
issue will be discussed under the AOB item of the next Education, Youth,
Culture and Sport Council meeting on 22 and 23 May 2019.
GLMS General Secretary
GLMS Deputy General
About GLMS (www.glms-sport.org)
GLMS is the state lotteries
mutualized monitoring system on sports betting. It aims at detecting and
analyzing suspicious betting activities that could question the integrity of a
sport competition. Building on six years of experience with the establishment
in 2009 of ELMS with European Lotteries, GLMS went global in January 2015
extending the network to other continents. GLMS facilitates the sharing of
sports betting information as part of the collective efforts of its members in
ensuring sports integrity globally, and is dedicated to effective cooperation
with all key stakeholders: regulators, law enforcement authorities, sports
GLMS currently has 32 individual
Members from 4 continents and 2 associate Members: Scientific Games
International (SGI), INTRALOT
SOURCE: Global Lottery Monitoring
IWG Goes Live with Austrian Lotteries
LONDON (May 20, 2019) -- IWG
the award-winning supplier of online, instant win games has been
selected to supply the Austrian Lotteries (Österreichische Lotterien) with
its portfolio of games.
Following the initial launch at
win2day.at, the gaming site of the Austrian Lotteries, titles from IWGs
portfolio of over 100 games will be regularly added over the coming months
giving players an alternative and unique playing experience.
IWG, which has been a successful
service provider and supplier of content to lotteries for over a decade, now
supplies 14 WLA members all around the world from British Columbia to
Pennsylvania and the UK to New Zealand.
The supplier has produced and
delivered over 300 high-quality instant win games on desktop and mobile, as
well as offering valuable strategic and marketing support to its lottery
Rhydian Fisher, IWG CEO, said
Were really looking forward to working with the Austrian Lotteries
and are proud to help build their online portfolio in Austria.
This is an exciting
opportunity for us to extend our global reach and maintain our position as the
leading instant win supplier in the industry.
Elisabeth Römer-Russwurm at the
Austrian Lotteries said: Were thrilled to be able to offer our
players IWG content and are confident it will prove to be successful here in
IWG has a strong reputation
in the industry for delivering quality instant win games, and were sure
our players will really enjoy the new additions to our growing portfolio of
IWG is a world leader in supplying
online, instant win games to lotteries and commercial brands and platforms in
the online gaming industry. It has over 15 years experience of making top
selling, high quality instant win games and the strategic know how to make them
IWG has launched over 300 games that
perform consistently at the highest level, engaging and retaining players while
driving excellent results for customers.
It has the knowledge to deliver a
winning portfolio of games, the experience to make it grow and the sales
figures and data to back this knowledge up.
IWG delivers an end-to-end solution
covering all aspects of game development and portfolio management and a Remote
Game Server (RGS) delivering content in multiple regulated jurisdictions from
data centres in the UK, Gibraltar, Canada and North America.
It has a broad library available via
the RGS with games covering many proven themes and mechanics that can be
developed into an ideal offering for a partners instant win portal.
SOURCE: Instant Win Games (IWG).
WyoLotto Launches New Ragtime Raffle Game in Conjunction with State
CHEYENNE, Wyoming (May 21, 2019) --
Because WyoLotto knows Wyomingites love to have a good time, they are
announcing a new raffle game coming to Wyominggiving players more chances
to win great cash prizes with the best odds of any WyoLotto game. Its
called Ragtime Raffle, and WyoLotto is jazzed about its odds, its tie to
Wyoming rodeos, and the excitement a Wyoming-only game brings to the state.
Ragtime Raffle tickets are only
available for a short month and a half (June 9 - July 27, 2019), or until
100,000 are sold. For only $20 a ticket, players will have a shot at $1,000,000
in total prizesthe grand prize being $750,000, plus three $75,000 prizes,
and five $5,000 prizes along the way. Players must keep their tickets to claim
any of the prizes, and winners of the smaller tier prizes will still stay in
the running for the grand prize of $750,000.
Tickets will be available at all
WyoLotto retailers. WyoLotto will also tour Wyomingselling tickets and
yee-hawing at Codys Nite Rodeo, Caspers College National Finals
Rodeo, Evanstons Wyoming Downs, Laramies Jubilee Days, and Cheyenne
The Ragtime Raffle name represents
entertaining western experiences like a rodeo dazzling the crowd. Its theatrics
also encompass jazz, honky-tonk, and country music cultures. This new game is
fun, lively, and WyoLotto players are encouraged to jump on the bandwagon this
We are beyond excited to
announce Ragtime Raffle, CEO Jon Clontz said with a deep smile on his
face. With $1,000,000 in total prizes and only 100,000 tickets sold,
you wont find better odds. Not only that, but this game just speaks to
Wyoming. We will visit rodeos all over the state as part of the raffle
promotion, culminating at CFD, where we will announce the grand prize draw
number on the final daygiving the Daddy of em all a run
for its money.
To learn more about the new game,
WyoLottos other games or fun in general, please visit wyolotto.com.
The Wyoming Lottery is a Wyoming
brand, born and raised near wild rabbits in the Cowboy State. WyoLotto games
include Mega Millions®, Powerball®, Cowboy Draw®, Lucky for
Life®, and now Ragtime Raffle.
The Wyoming Lottery Corp. is a
corporate business entity established by House Bill 77 in the 2013 legislative
session and signed into law by Governor Matt Mead. The corporation operates as
a private business and does not employ state employees or use state tax money.
State law requires Lottery revenue to be distributed to cities, towns and
counties based on ticket sales.
SOURCE: The Wyoming Lottery
Loterie Romandes 2018 Results: CHF 216.4 Million Disbursed for
LAUSANNE, Switzerland (May 21, 2019)
-- Loterie Romandes net profit, i.e. the sum disbursed for the public
good, held steady in 2018 at CHF 216.4 million. Gross gaming revenues (GGR)
rose slightly to total CHF 388 million.
The diverse range of games on offer
from Loterie Romande, the high quality of its distribution network and tight
control exerted over operating costs help to keep up the high level of profit
available for allocation to social-welfare, cultural, sports, education and
In 2018, gross gaming revenues
(GGR), i.e. the amount of money staked less winnings paid out to players,
totalled CHF 388 million, corresponding to a small 0.5% increase on the 2017
level (CHF 386 million).
This can be put down to the variety
of products offered by Loterie Romande, coupled with the string of innovations
and promotional campaigns.
Net profit for the year worked out
at CHF 216.4 million. This total, allocated to the cantonal bodies tasked with
redistributing Loterie Romandes profits and to sport, held steady very
close to its 2017 level (CHF 216.2 million).
This bears testament to long-term
strategies put in place to maintain levels of funding distributed to projects
for the public good.
With 275 staff on its books as of
1st January 2019, Loterie Romande paid out in 2018 CHF 71.9 million in
commission fees to the 2,500 retailers distributing its games throughout
French-speaking Switzerland. Loterie Romande thus makes a significant
contribution to local neighbourhood businesses (kiosks, cafés/bars,
restaurants) located in city centres, on the outskirts of towns or in villages
in the country.
Effective new measures to protect
the general public
The Swiss Federal Gambling Act (Loi
fédérale sur les jeux dargent LJAr) came into force
as of 1st January 2019. This has cemented in place a new legislative framework
for Loterie Romande to operate in.
Since the outset of this year,
Loterie Romande has duly been implementing a range of measures to strengthen
protection for gamblers and the public at large.
A joint blacklist applicable for
both lottery companies and casinos has been compiled to bar access to Loterie
Romandes online gaming platform to any person banned from casinos in
Switzerland, and vice versa.
One further development brought
about by implementation of this new law is that all Loterie Romande gaming
terminals and equipment will be fitted, as from 1st August this year, with
age-access checks via an individual card, issued to players, linked to
This new touch-screen verification
procedure will ensure all those playing on Loterie électronique games
will be at least 18 years of age while maintaining their anonymity.
The new legislation will also
contribute towards boosting the fight against match fixing and manipulation of
sports events in Switzerland.
Loterie Romande will systematically
notify the Swiss Lottery & Betting Board (Comlot) should it have any
suspicions that such activities might be taking place. Moreover, direct or
indirect manipulation of sporting competitions is now punishable under Swiss
- Mr Jean-René Fournier,
Chairman, 021 348 13 13
- Mr Jean-Luc Moner-Banet, CEO, 021
348 13 13
SOURCE: Société de la
Loterie de la Suisse Romande.
Kentucky Lottery Surpasses $1 Billion in Sales Faster Than Ever
LOUISVILLE, Kentucky (May 22, 2019)
-- For the third year in a row, the Kentucky Lottery has sold more than $1
billion in tickets this time at the earliest point ever in a fiscal
Lottery sales for FY19, which runs
from July through June, were $1,000,004,032 as of close of business on May
20th. In FY18 this billion-dollar threshold was surpassed on June 15th, while
in FY17 the mark was achieved on the last day of the fiscal year (June
A variety of factors have
led to the early achievement of this milestone, said Kentucky Lottery
President and CEO Tom Delacenserie.
The large Mega Millions
jackpot run in October helped us get off to a fast start.
But just as importantly,
weve spent the past two years improving our business model by increasing
our marketing support, vending machine distribution, retailer plan-o-grams,
ensuring 95% of new games are activated within 3 days of receipt, and
dramatically reducing out of stocks, he added.
The launch of our first $30
Scratch-off ticket has also been instrumental. This ultimately provides more
proceeds to the Commonwealth, which in turn fund college scholarship and grant
programs for Kentucky students.
With just over a month left in FY19,
the Lottery appears on track to surpass the all-time sales record of
$1,042,512,000 set in FY18.
For More Information CONTACT:
Chip Polston, Jennifer Cunningham or Sara Westerman, T: (502)
The Kentucky Lottery has earned over
$5.3 billion for the Commonwealth since 1989. KLC dividends pay for
college scholarships, grants and education programs. Visit kheaa.com to find
out more about grants and scholarships paid for by the KLC.
SOURCE: The Kentucky Lottery
EGBA Addresses Stakeholder Seminar on Irish Gambling
BRUSSELS, Belgium (May 20, 2019) --
On 15 May, the European Gaming and Betting Associations Dr. Katie
Hartmann, Director of Legal and Regulatory Affairs, spoke at a stakeholder
seminar in Dublin about proposed changes to the gambling regulations in
The seminar, organised by the Irish
Department of Justice and Equality, followed the publication of the Irish
Governments Gaming and Lotteries (Amendment) Bill 2019 on 20 March 2019,
which is part of a legislative package to regulate gambling activity in
Ireland, including the online sector. The new bill foresees the creation of an
independent gambling regulator and a number of other changes to Irelands
EGBA welcomes the proposal to
introduce a regulatory authority for gambling and thank Minister Stanton and
his departmental team for their ongoing commitment and efforts to regulate
online gambling in Ireland.
Ahead of the seminar, Dr Hartmann
We welcome the proposal to
establish an independent gambling authority and will follow closely the
discussions on how the new regulator will be established and the powers it will
It is in the interest of everyone
involved in the gambling sector companies, players and policymakers
to have a well-regulated online gambling market, which provides legal
certainty and protects Irish players by ensuring they can play within a
regulated environment. To enable this a Gross Gaming revenue tax, among others,
is of crucial importance so that licensed gambling operators can offer a
For the law to be a success it
should introduce a licensing system which is competitive and establishes a high
degree of standards for operators and consumers alike.
All reputable operators already have
responsible gaming tools in place, but regulation should make those obligatory
for all operators on the Irish market. Likewise, the Irish authorities should
consider introducing a self-exclusion register for those who have, or are at
risk of, problem gambling behaviour. These punters should be able to exclude
themselves from accessing gambling websites if they feel the need to.
We look forward to the finalisation
of the draft law and will work constructively with the proposed gambling
authority to implement it.
SOURCE: European Gaming and Betting