IGT Pockets 10-Year Contract Extension For Lottery System In Malaysia
Portfolio Pulse from Shivani Kumaresan
International Game Technology PLC (IGT) has signed a 10-year contract extension with Pan Malaysian Pools SDN BHD. Under the extension, IGT will upgrade PMP's existing system technology to IGT's central lottery system, Aurora. The financial terms were not disclosed.
October 12, 2023 | 11:24 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
IGT has secured a 10-year contract extension with Pan Malaysian Pools SDN BHD. This could potentially increase IGT's revenues over the next decade.
The 10-year contract extension with Pan Malaysian Pools SDN BHD is a positive development for IGT as it ensures a steady stream of revenue for the next decade. The upgrade of PMP's system to IGT's Aurora could also lead to additional revenue from other clients who may be interested in the upgraded system.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100