WARNING:We have detected your browser is out of date. For both performance, security and a better web experience you should keep up to date to avoid viruses, malware, hijacking and stay on top of compatibility features.
WWE Signs Multi-Year Agreement with IGT for Exclusive Licensing Rights to Develop Omnichannel Lottery Games
Posted By: Ben Jordan Kerin on Jan 06, 2022
WWE issued the following:
WWE® Signs Multi-Year Agreement with IGT for Exclusive Licensing Rights to Develop Omnichannel Lottery Games
STAMFORD, Conn.–(BUSINESS WIRE)– WWE® (NYSE: WWE) announced that it has signed a multi-year exclusive licensing agreement with International Game Technology PLC (“IGT”) (NYSE: IGT) to develop and distribute WWE-branded omnichannel lottery games and turnkey promotional programs featuring company logos, Superstars, events and programs.
“IGT is the clear industry leader in the lottery and gaming space, and we look forward to collaborating by bringing our intellectual property to our fans and lottery games around the globe,” said Alex Varga, WWE Vice President, Revenue Strategy & Development. “This is an exciting opportunity for us to continue to leverage the strong crossover between the WWE Universe and another segment of the gaming landscape.”
“The WWE brand has broad appeal that reaches diverse age groups and cultural demographics in many geographies,” said Jay Gendron, IGT Chief Operating Officer, Lottery. “IGT looks forward to melding the unique WWE assets with IGT’s lottery expertise to create appealing, high-quality games and second-chance promotional opportunities for our global customers and their players.”
Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For more information about IGT’s lottery business, visit igt.com and follow IGT on LinkedIn.
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media and publishing platforms. WWE’s TV-PG programming can be seen in more than 900 million homes worldwide in 28 languages through world-class distribution partners including NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all premium live events, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network.
IGT (NYSE: IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.
Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to: the impact of the COVID-19 outbreak on our business, results of operations and financial condition; entering, maintaining and renewing major distribution agreements; a rapidly evolving media landscape; WWE Network (including the risk that we are unable to attract, retain and renew subscribers); our need to continue to develop creative and entertaining programs and events; the possibility of a decline in the popularity of our brand of sports entertainment; the continued importance of key performers and the services of Vincent K. McMahon; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and greater financial resources or marketplace presence of many of our competitors; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; the complexity of our rights agreements across distribution mechanisms and geographical areas; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events including without limitation, claims alleging traumatic brain injury; large public events as well as travel to and from such events; our feature film business; our expansion into new or complementary businesses and/or strategic investments; our computer systems and online operations; privacy norms and regulations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our indebtedness including our convertible notes; litigation; our potential failure to meet market expectations for our financial performance, which could adversely affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common stock; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could lower our stock price; and the volatility of our Class A common stock. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends (including under our revolving credit facility), general economic and competitive conditions and such other factors as our Board of Directors may consider relevant. Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220106005845/en/
Adding comments is disabled due to age of article.
Jan 24 - Rikishi was recently a guest on Bullet Cast, where he encouraged fans to make their voices heard and get Umaga inducted into the WWE Hall of Fame. “That’s my personal opinion. Not only [...]
Zicky Dice Files Trademark On "Outlandish Paradise" Zicky Dice has filed for a trademark of "Zicky Dice's Outlandish Paradise" under the category of electronic transmission and streaming of digital media content for others via global and local computer[...]
Jan 24 - Zicky Dice has filed for a trademark of "Zicky Dice's Outlandish Paradise" under the category of electronic transmission and streaming of digital media content for others via global and local computer[...]
Jan 24 - AEW Dark regular Dani Jordyn has provided an injury updated, following a car accident in October that has taken her out of action. You can read it below. “Yes I’m still dealing with the[...]
Heath and Road Dogg Added To WrestleCoin Lineup WrestleCon has announced two new names for their event this year: Heath and Road Dogg. The updated lineup is as follows: * Road Dogg* Heath* Paul Wight* Westin Blake* The Briscoes* Man Mountain Ro[...]
Jan 24 - WrestleCon has announced two new names for their event this year: Heath and Road Dogg. The updated lineup is as follows: * Road Dogg* Heath* Paul Wight* Westin Blake* The Briscoes* Man Mountain Ro[...]
Jan 24 - Mike Johnson of PWInsider is reporting that NXT stars Roderick Strong and LA Knight are backstage at tonight's WWE Raw. It's unknown if either of them will wind up on the show, however, they could be[...]
Jan 24 - It is being reported by Fightful that The IInspiration (formerly The IIconics in WWE) were offered spots in the Women’s Rumble match as part of the "Forbidden Door" opening, but they allegedly t[...]
Jan 24 - Last night on The WRLD On GCW, fans chanted "f*** Bully Ray" during Jon Moxley's GCW Championship defense against Homicide, following Bully Ray's comments that Moxley owes the fans an apology for taki[...]
SPOILERS: MLW Blood & Thunder Taping Results MLW recently held their Blood & Thunder event tapings The results are as follows: - King Muertes def. Richard Holliday in a Singles Match. - Alex Kane (c) def. Calvin Tankman to retain his ML[...]
Jan 24 - MLW recently held their Blood & Thunder event tapings The results are as follows: - King Muertes def. Richard Holliday in a Singles Match. - Alex Kane (c) def. Calvin Tankman to retain his ML[...]
Jan 24 - Big Time Wrestling held an event this past Saturday night from the Spartanburg Memorial Auditorium in Spartanburg, South Carolina. The results are as follows: - Scotty 2 Hotty def. Teddy Goodz - [...]
Jan 24 - During a Twitter altercation where a fan stated that he believes AJ Lee is better than Paige, another fan popped in to defend Paige by saying AJ hadn't had any memorable moments. Paige herself stuck [...]
Jan 24 - During an appearance on Busted Open Radio, Michelle McCool spoke about the upcoming Royal Rumble, this takes place this Sunday night. “I got a phone call from talent relations right about Chr[...]
On This Day [1/24]: AJ Styles Debuts In WWE  On this day back in 2016, TNA legend AJ Styles made his long awaited WWE debut in the Royal Rumble. AJ is still with WWE to this day, having even won the WWE Championship. Relive the debut below. [...]
Jan 24 - On this day back in 2016, TNA legend AJ Styles made his long awaited WWE debut in the Royal Rumble. AJ is still with WWE to this day, having even won the WWE Championship. Relive the debut below. [...]
Jan 24 - During the latest episode of his podcast, Ric Flair spoke about why he is a fan of The Young Bucks. “I can identify somebody being able to do something I couldn’t have done. I can hones[...]
Kurt Angle Recalls Tazz's WWE Debut During the latest episode of The Kurt Angle Show, the Olympic Gold Medalist recalled when Tazz made his WWF debut back at Madison Square Garden and how a lot of that situation went down behind the sce[...]
Jan 24 - During the latest episode of The Kurt Angle Show, the Olympic Gold Medalist recalled when Tazz made his WWF debut back at Madison Square Garden and how a lot of that situation went down behind the sce[...]
Jan 24 - All Elite Wrestling has announced that they are headed to a new market. AEW is headed to the Colonial Life Arena in Columbia, South Carolina on March 30th. The event will be a live edition of AEW Dyn[...]
Jan 24 - Last night on The WRLD On GCW, Matt Cardona made a grand entrance to Enter Sandman, wearing a flannel that had some less-than-kind words for Mick Foley on the back of it. Mick Foley has taken to his [...]
Jan 24 - New Japan Pro Wrestling has announced that they are cancelling all their shows for the remainder of this month “in accordance with event protocols” following six wrestlers getting pulled f[...]
Jan 24 - MLW has announced a big match for SuperFight on February 26th. The event will see Davey Richards take on Alex Hammerstone for the MLW World Heavyweight Championship. The announcement can be read bel[...]
Jan 24 - During an appearance on the Not Sam Wrestling Podcast, Mickie James spoke about the reasoning for having herself, as IMPACT Knockouts Champion, appear in this year's WWE Royal Rumble. “I&rsqu[...]
Jan 24 - During an appearance on Busted Open Radio, PCO recalled a spot that was supposed to be included in the Brass Ring Ladder Match at last night's The WRLD on GCW event. "We were really tight on time a[...]
Jan 24 - Northeast Wrestling brought their WrestleFest XXVI Event from the Majed J. Nesheiwat Convention Center in Poughkeepsie, New York. The results are as follows: - Jon Moxley def. Channing Thomas in a[...]
Jan 24 - Mustafa Ali has been making waves lately after his request to leave WWE was denied, with the hashtag #FreeAli trending on Twitter since the whole situation went down. Fans were noting that the offici[...]
Konnan Details Some Of His Health Problems During the latest Keeping It 100 podcast, Konnan updated fans on his health following an injury sustained on AEW Dynamite this past summer during a program with FTR. "What happened was, remember th[...]
Jan 24 - During the latest Keeping It 100 podcast, Konnan updated fans on his health following an injury sustained on AEW Dynamite this past summer during a program with FTR. "What happened was, remember th[...]