IGT Announces Sports Betting Agreement with FanDuel Group

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LONDON, U.K. – July 16, 2018 – International Game Technology PLC (“IGT”) (NYSE: IGT) announced that IGT will be FanDuel Group’s sports betting platform provider for the newly regulated U.S. market in the state of New Jersey.

 

The partnership brings together the technological expertise in U.S. sports betting of the largest B2B gaming company in the world – IGT, with that of the largest sports gaming companies in the U.S. – FanDuel Group. FanDuel is a subsidiary of Paddy Power Betfair, a leading international sports betting and gaming operator.

 

FanDuel will leverage Paddy Power Betfair’s leading pricing, trading and risk management capabilities, which have been integrated into the IGT platform, along with a bespoke user interface to offer a best-in-class consumer experience. The joint solution operates under the widely known FanDuel brand as FanDuel Sportsbook.

 

FanDuel will initially operate at Meadowlands Racetrack in East Rutherford, N.J., enabling guests to place sports bets over the counter via IGT technology. The offering will be expanded over the coming months to include self-service kiosks and other retail services, as well as FanDuel Sportsbook-branded online and mobile wagering, also using the IGT technology.

 

“We are delighted to choose IGT’s leading platform for our sports betting platform in New Jersey, starting with the recent ‘go live’ at the Meadowlands Racetrack,” said Matt King, FanDuel Group CEO. “When we evaluated sports betting platform provider partners in the U.S., IGT was the ideal choice, based on the Company’s proven history in the space and the quality, reliability and flexibility of the sports betting technology that it has deployed for customers around the world.”

 

“IGT’s sports betting technology combined with the expertise of FanDuel represents two experienced, complementary sports betting companies coming together to create a reliable, world-class sports betting experience in New Jersey,” said Enrico Drago, IGT Senior Vice President Interactive, Sports Betting, Licenses. “As sports betting in the U.S. continues to evolve, IGT is prepared to address the needs of its partners through proven solutions and technologies that can be deployed today to advance sports betting across land-based and mobile platforms.”

 

About IGT

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 has over 12,000 employees. For more information, please visit www.igt.com.

 

About FanDuel Group

FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the United States, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Betfair US, DRAFT, and TVG. FanDuel Group has a presence across 45 states and 8 million customers. The company is based in New York with offices in California, New Jersey, Florida, Oregon, and Scotland. FanDuel Group is a subsidiary of Paddy Power Betfair plc, a leading international sports betting and gaming operator and a constituent of the FTSE 100 index of the London Stock Exchange.

 

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