IGT has announced that its subsidiary company, IGT Canada Solutions, has agreed to a 12-month extension to its contract with the Atlantic Lottery.
The long-term partnership has seen IGT provide the Canadian lottery with its advanced VLT system, Intelligen.
The Intelligen system operates worldwide and links over 150,000 VLT machines together across different gaming environments and regulations.
IGT first provided VLT hardware and software to Atlantic Lottery in 2012, when it agreed to supply 1612 units to replace the old terminals.
Fast forward nine years and Atlantic Lottery operates with over 6,000 VLTs in its repertoire thanks to the extended agreement with IGT.
Nick Khin, IGT’s COO of Gaming, commented: “IGT’s Intelligen system offers the Atlantic Lottery progressive tools and functionality that help position the Lottery for future success.
“With more than 25 years of gaming central system development expertise with customers worldwide, IGT is happy to continue providing our advanced Intelligen system to enhance the Lottery’s VLT system performance.”
Earlier this year, IGT confirmed that signing agreements with lottery’s to extend contracts was a key factor in its sales growth in Q2 of FY2021. Sales surpassed $1bn for the quarter ending June 30.
Global lottery revenue rose 58% to $725m, driven by 35% growth in same-store sales, whilst global gaming revenues totalled $316m, up 126% from the same period last year.
Max Chiara, CFO of IGT, added at the publication of Q2 results: “Our leverage profile improved substantially, reaching pre-pandemic levels well ahead of expectations, and improving our credit profile and overall financial condition.”