IGT signed a agreement to use its PlaySports platform for the physical sportsbook at Meskwaki Casino Hotel .
The deal stipulates that IGT will provide its PlaySports platform and its trading advisory services in order to support retail betting on the property located at Iowa.
The Meskwaki Bingo Casino and Hotel, with the help of IGT PlaySports and their team, has created an incredible sportsbook. This book provides added value for our guests, and also brings excitement to the property.
“IGT’s skill and versatility has been proven in helping tribal casino across the US to build high-performing sportbooks. We are confident that IGT can help us maximize this opportunity.” Meskwaki Bingo Casino Hotel chose an industry leader who would provide a turnkey solution that would expedite the implementation with confidence. And that’s what we got.”
After the agreement is completed, the sportsbook at Meskwaki Casino Hotel will allow players to place bets via the self-service PlaySports QuickBet Kiosks or the walk-up betting windows.
IGT is now a business that is dominated by sports betting and gaming, compared to the lottery-based past. Gaming revenue for 2022 was up five times on an annual basis. It reached $1.4bn in the last calendar. The lottery unit, on the other hand, posted an 8% yearly revenue decline. This shows the brand’s new focus.
Vince Sadusky is the CEO of IGT. recently told that investors should be aware that “important strategic work has been executed in the last few year to transform IGT into a firm with better growth prospects, an improved profit profile and a solid pathway for achieving our long-term objectives.” This has enabled shareholders to receive record capital returns in 2022. “We enter 2023 with a strong position and good momentum in all business segments.”
IGT has now deployed its PlaySports Technology at more than 80 gaming venues across the US and Canada.
It’s wonderful to see Meskwaki Bingo Hotel Casino attracting new players, and enjoying the benefits of an IGT retail sportsbook,” said Joe Asher IGT President for Sports Betting. The scalability and flexibility of IGT’s PlaySports will allow Meskwaki’s to adapt its offerings to meet player demand, market opportunities, and localized offers and pricing.
