IGT expands PlaySports platform to Mexico and Latin America

LAS VEGAS - International Game Technology (IGT), currently rated as financially "Good" by InvestingPro with a strong gross profit margin of 69%, has secured a multi-year sports betting technology and services agreement with Hipodromo de Agua Caliente SA de CV and Distribuidora Internacional de Equipos de Juego, S. De R.L. De C.V., according to a press release issued today.

The agreement will bring IGT’s PlaySports platform to 42 Caliente sportsbooks across Mexico. Through a phased implementation, the technology will eventually extend to more than 100 additional venues across eight other Latin American countries: Antigua, Argentina, Aruba, Brazil, Ecuador, Panama, Paraguay, and Uruguay.

Under the terms of the deal, Caliente sportsbooks will utilize both the IGT PlaySports platform and services from IGT’s Trading Advisory Services Team.

"Given IGT’s vast global experience and the versatility and reliability of the IGT PlaySports platform, they are uniquely qualified to help Corporación Caliente level-up its betting offering," said Eduardo Hernández Triana, Corporación Caliente CEO.

Joe Bertolone, IGT SVP Sports Betting, stated that the companies worked together to "deliver a future-proofed solution and a complementary trading services program that will meet regional needs."

The implementation will begin with sportsbooks in Mexico before expanding to the additional countries. IGT PlaySports was recognized as "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards.

IGT describes itself as a provider of gaming, digital and financial technology solutions formed through the combination of International Game Technology PLC’s Gaming & Digital Business and Everi Holdings Inc.

In other recent news, International Game Technology PLC has announced leadership changes at its controlling shareholder, De Agostini S.p.A. Following De Agostini’s annual meeting of shareholders, Marco Sala will step down from his position as Chief Executive Officer of De Agostini. Despite this change, Sala will continue to serve as Executive Chairman of International Game Technology and its Board of Directors, a position he has held since 2022. This development comes as part of the company’s ongoing leadership succession planning. The company operates its lottery business under the Brightstar Lottery brand. These changes are part of the recent developments in the company’s leadership structure.

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