International Game Technology 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.
“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 chief executive officer. “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 chief executive officer 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.“
IGT will begin by delivering several hundred VLTs this spring, 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 multisite 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.
For additional information about Caribbean CAGE, visitwww.caribbeancage.com.
For more information about IGT, visitwww.igt.com
RLJ, IGT reach deal to supply VLTs in Dominican Republic
April 28, 2011