BETHESDA, Md., April 28, 2011 /PRNewswire-HISPANIC PR WIRE/ —
International Game Technology, a global leader in creating the major games
that players love and the systems that improve the player experience,
announced today it has entered into an exclusive agreement with Caribbean
CAGE LLC (CAGE), a video lottery terminal (VLT) and gaming terminal operator
in Latin America and the Caribbean, to supply several thousand video lottery
terminals in licensed bancas (Bancas de Apuestas Depotivas) in the Dominican
Republic and to connect those gaming terminals to the IGT Casinolink®
gaming management solution system.
(Logo: photos.prnewswire.com/prnh/20100907/PH60132LOGO )
“This agreement with Caribbean CAGE highlights IGT’s expertise in
the global VLT market and in gaming management solutions,” said Patti
Hart, IGT President and CEO. “Partnering with this industry-leading
gaming company in the Caribbean and Latin America has given IGT an
opportunity to launch our successful VLT products in the Dominican Republic.
CAGE is well known in the industry for delivering great gaming experiences
to its players, which makes this partnership with IGT a perfect fit.”
“This strategic agreement with IGT is a dynamic and exciting
business opportunity for us to expand our reach across the Caribbean and
Latin America,” said Robert L. Johnson, chairman of The RLJ Companies
and majority owner of CAGE. “IGT’s track record of delivering
world-class technology — including terminals, games and systems — will
help CAGE empower small businesses to generate sustainable cash flow in
these challenging economic times.”
“IGT’s technology will expand our capability by offering enjoyable
games for consumers and players, as well as additional sustainable annual
revenues for specific needs of many of the countries in Latin America and
the Caribbean, such as health care, education and sports,” said Bob
Washington, chairman and CEO of CAGE. “We at CAGE could not be more
excited about our newly formed relationship with IGT and its commitment to
deliver unique gaming solutions to our markets. The opportunity to partner
with IGT in the Dominican Republic will provide us with the tools and the
systems to monitor and ensure compliance with existing laws relating to
video lottery terminals/slots in licensed bancas in the Dominican
Republic,” he concluded.
IGT will begin by delivering several hundred VLTs in the spring of 2011,
and will continue shipping additional units to the Dominican Republic on a
monthly basis. A large percentage of the games IGT will supply to CAGE will
be part of the Game King® 6.0 Multi-Game suite, featuring the industry’s
top blackjack, poker and video slot themes. This multi-game suite offers 46
poker selections, 13 video slot titles, 9 keno games and blackjack.
Additional games being provided to the Dominican Republic include player
favorites such as Coyote Moon®, Cats, Kitty Glitter®, Da Vinci Diamonds®
and Pharaoh’s Gold®.
In addition to the VLTs, IGT Casinolink® will be used by CAGE to
centrally monitor the bancas operations. IGT Casinolink® has the capability
to connect the management of video lottery terminals, slot machines, table
games, account-based wagering, marketing and casino cashier services into
one comprehensive system. The system’s extensive reporting capabilities
allow for better planning and operational decisions in addition to increased
control, accountability and monitoring of casino cashier operations. This
scalable solution can be used in single and multi-site casino properties.
IGT Casinolink® meets Gaming Standards Association (GSA) compliance
protocols, which gives operators the ability to respond to ever-changing
business and market needs.
About The RLJ Companies: The RLJ Companies, founded by
Robert L. Johnson, is an innovative business network that provides strategic
investments in a diverse portfolio of companies. The RLJ Companies seeks to
target undiscovered or underserved markets then exercise solid management to
achieve results. Within The RLJ Companies portfolio, Johnson owns or holds
interests in businesses operating in hotel real estate investment; private
equity; financial services; asset management; insurance services; automobile
dealerships; sports and entertainment; and video lottery terminal (VLT)
gaming. The RLJ Companies is headquartered in Bethesda, MD, with affiliate
operations in Charlotte, NC; Little Rock, AR; Los Angeles, CA; San Juan, PR;
and Monrovia, Liberia. Prior to founding The RLJ Companies, Johnson was
founder and chairman of Black Entertainment Television (BET). For additional
information please visit: www.rljcompanies.com.
About Caribbean CAGE LLC: Caribbean CAGE LLC (An RLJ Companies
Majority-Owned Company) is a U.S. Virgin Islands–based company that
manages, develops, operates and distributes video lottery terminals in a
number of countries and territories throughout the Caribbean and Latin
America. CAGE is owned by RLJ Gaming LLC, RBW Gaming LLC and Cage HR LLC
(Hard Rock). The Company was founded by Robert L. Johnson and Robert B.
Washington, and is majority-owned by Johnson, who is the founder and
chairman of The RLJ Companies and Black Entertainment Television (BET).
Within The RLJ Companies portfolio, Johnson owns or holds interests in
businesses operating in hotel real estate investment, private equity,
consumer financial services, asset management, insurance services,
automobile dealerships, sports and entertainment, and video lottery
terminal (VLT) gaming. As a local-focused gaming business, CAGE installs and
maintains VLTs at gaming sites such as restaurants, bars, lounges, liquor
stores, convenience stores and other venues. More information about CAGE is
available at www.caribbeancage.com.
About IGT: International Game Technology (NYSE: IGT) is a
global leader in the design, development and manufacture of gaming machines
and systems products, as well as online and mobile gaming solutions for
regulated markets. More information about IGT is available at www.igt.com.
SOURCE The RLJ Companies