IGT Signs Video Lottery Deal with Saskatchewan
International Game Technology (IGT), the global leader in the design, development and manufacture of gaming machines, has inked a lucrative new deal with the Canadian province of Saskatchewan.
Under the terms of the deal, IGT will supply 1,375 video lottery terminals (VLTs) to the province this year.
Saskatchewan's VLT program is run by the Western Canada Lottery Corporation, and it was announced that the corporation would be replacing terminals for the Saskatchewan Liquor and Gaming Authority throughout the province this winter.
Industry Leading VLTs for Saskatchewan
The new video lottery terminals provided by IGT will feature international standard games which are already popular around the world, such as 7's Wild, Cleopatra, Wolf Run and Lucky Larry's Lobstermania.
According to a press release issued by IGT, the group's GL20 lottery terminal is designed specifically for the video lottery industry, and complies with all industry standard Gaming Association specifications and G2S protocols.
"The GL20 accommodates either a flat screen LCD display or MLD technology to facilitate 3D games," said the group. "Based on IGT's AVP technology, the GL20 can be configured with a variety of peripheral options to offer video lottery jurisdictions maximum flexibility."
Enhancing Saskatchewan's VLT Industry
The deal signed between the Saskatchewan government and International Game Technology is a major boost for the province's VLT industry.
"IGT is excited to deliver industry leading games to the Saskatchewan market," said the executive vice president of global sales for IGT, Eric Tom about the IGT Saskatchewan supply deal. "This agreement will allow us to enhance and develop Saskatchewan's overall video gaming program, as we have done with video lottery programs across Canada."
According to Las Vegas Review Journal, the financial details of the deal signed between Saskatchewan and IGT were not revealed.
In 2012, Bally Technologies, another gaming machine provider, announced that it had reached an agreement with Saskatchewan to replace 650 of the province's video lottery terminals.
The publication also quoted Deutsche Bank gaming analyst, Carlo Santarelli saying that the Canadian province of Manitoba is soon expected to announce contracts to replace over 6,000 video lottery terminals.
Investors were told that there is strong possibility that International Game Technology will be able to fill 35 - 40% of Manitoba's demands for VLTs - a deal which could add 4 - 5c value per IGT share.
