PRN: IGT and Holland Casino Sign Letter Of Intent for MOSAIC Project to Create Integrated Casino Management Solution
PRN: IGT and Holland Casino Sign Letter Of Intent for MOSAIC Project to Create Integrated Casino Management Solution.
IGT and Holland Casino Sign Letter Of Intent for MOSAIC Project to Create Integrated Casino Management Solution
LAS VEGAS, October 5, 2011 /PRNewswire/ --
International Game Technology (NYSE: IGT) announced today that its subsidiary, IGT, has signed a Letter of Intent (LOI) with Holland Casino regarding the development and implementation of Holland Casino's new MOSAIC project. The transaction is subject to the parties' completion of a definitive agreement. The MOSAIC project involves the modernization of systems and integration of Holland Casino's casino management tools across all of its properties in the Netherlands using IGT's Systems solutions. The LOI was signed on Wednesday, Oct. 5 by Patti Hart, IGT CEO, and Dick Flink, Holland Casino CEO, in front of a packed audience in IGT's booth at the Global Gaming Expo (G2E) in Las Vegas.
"IGT is incredibly proud to work with Holland Casino on this MOSAIC project," said Patti Hart, IGT CEO. "This initiative is a testament to IGT's unwavering customer commitment. By offering a streamlined, integrated, innovative systems solution, IGT will help provide a cutting-edge player experience."
"Holland Casino wants to provide a superior guest experience now and in the future. To achieve this you need more than just a good working system; you need a strategic partner to co-create those delightful moments," said Dick Flink, Holland Casino CEO.
The goal of the project is for IGT to provide Holland Casino with an integrated membership and loyalty system enabling customers to enjoy fast, reliable rewards and coinless gaming. In addition, the implementation would seek to optimize operational processes and provide exceptional customer service, while incorporating exceptional responsible gaming practices throughout the entire solution.
"Technology and our day-to-day operation are inextricably linked and mutually dependent," said Robin Middendorp, vice president of operations support for Holland Casino. "It is important to have an efficient and stable system, and a reliable partner for support and future developments."
"IGT's casino management solution will help Holland Casinos increase customer loyalty, and provides unparalleled flexibility, relationship management functionality, and the tools necessary to optimally manage promotions and casino operations," said Sabby Gill, IGT regional vice president of Europe, the Middle East and Africa.
The announcement of this LOI for Holland Casino's MOSAIC project follows closely on the heels of the IGT EZ PayÂ® agreement signed in July 2011. When completed, IGT will deliver a robust systems solution that enhances both the operator and player experiences.
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at http://www.IGT.com, or follow IGT on Twitter at @IGTNews or on Facebook at http://www.facebook.com/IGT.
About Holland Casino
Annually over 5.5 million guests visit one of the fourteen properties of Holland Casino. Holland Casino provides a unique mix of games and playfulness in a safe and secure environment. Holland Casino is a world leader in responsible gaming, who won the international award for 'Socially Responsible Casino Operator of the Year' in 2008, 2009 and 2011. The games of Holland Casino are under the oversight of the independent Dutch measurement institutes NMi and Verispect. The slot machines of Holland Casino have an average RTP (return to player) of approximately 92% (the legal limit is 80%). With roulette the RTP can reach up to 98.6%. More information is available at http://www.hollandcasino.nl.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that involve risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, among others, the possibility that the parties are unable to complete a definitive agreement and the anticipated benefits of the transaction might not be realized. More information about potential factors that could affect IGT's business and financial results is included in IGT's filings with the Securities and Exchange Commission, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in IGT's Annual Report on Form 10-K for its 2010 fiscal year and its Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 2011, and available on the SEC website atÂ http://www.sec.govÂ and on the investor relations section of IGT's website atÂ http://www.IGT.com. All information provided in this release is as of October 5, 2011, and IGT does not intend, and undertakes no duty, to update this information.
Company Codes: NYSE:IGT, Bloomberg:IGT@US, RICS:IGT.N