- Legal States
Eva Ivanova July 15, 2021 3 min read
IGT Powers up Sports Wagering in Washington
International Game Technology PLC (IGT), a multinational gambling company, has announced that it will launch sports betting at Snoqualmie Casino in Snoqualmie.
IGT Launches Sports Betting At the Snoqualmie Casino
International Game Technology PLC (IGT) has announced its plans to expand on the US sports wagering market before, and now it has given results. The company adds Washington to its list of conquered states as it launches sports betting at Snoqualmie Casino in Snoqualmie.
IGT has a solid business model – a combination of a balanced geographic and product mix and robust recurring revenues. Its cash flow is ensured by industry-leading investments and technological innovation. Under the terms of its new deal, the company would bring its PlaySports turnkey solution, retail trading advisory services and on-premise mobile sports betting to Washington’s Snoqualmie Casino.
Snoqualmie Anticipates IGT’s Sports Wagering Platform
IGT PlayDigital Senior Vice President Enrico Drago said IGT looks forward to expanding its gaming experiences and establish a first-class sports wagering program for its fans and patrons through its cutting-edge technological services.
He added that this deal is yet another milestone for the IGT PlaySports team. The company keeps its momentum by expanding in the US, with this strategic move to Washington with Snoqualmie Casino.
Snoqualmie Casino CEO, Stanford Le, said, “As Seattle’s closest casino, Snoqualmie will offer the company’s patrons new types of gaming experiences, backed by IGT’s proven PlaySports solution.”
He explained that IGT’s leading wagering platform, trading advisory services, products and an on-premise mobile solution would allow the company to deploy its localized sports wagering program.
IGT Expands in the US Market
IGT PlaySports continues to expand on the US market. The company is setting a firm foothold on US soil and relieving some of its debt burdens through international sales. This year, IGT sold its gaming assets in Italy to Apollo Global, allowing it to relieve some of its debt, amounting to around $7 billion. Apollo owned other assets in the country that previously belonged to IGT, and with this sale, it owns its lottery operations. The sale was valued at $1.15 billion.
The company recently announces its expanding footprint in North Dakota, signing an agreement for its IGT PlaySports platform to enhance its sports betting solutions offering at the Dakota Magic Casino and Hotel in Hankinson, ND.
At the beginning of June, Rhode Island legislators also approved a deal allowing IGT and Bally’s Corp to keep their gaming positions in the state, meaning that IGT continues to be the state’s exclusive lottery technology provider.
With its new agreement in Snoqualmie, IGT will be the closest sportsbook operator to the Seahawks’ and Mariners’ stadiums. The casino would complement the famous Seahawks Pit and the immersive Seahawks-branded table game. The company would further engage with more of its sports fans in Snoqualmie.
Eva is a PR specialist and communications expert with ten years of experience in campaign organizing and creative writing. She is also a published author of fictional stories. Eva recently developed an interest in economics and the gaming industry after discovering the inspirational story of Molly Bloom.
Industry July 15, 2021
Industry July 15, 2021