1. IGT secures multi-year agreement for 42 sportsbooks in Mexico. 2. Agreement expands IGT's presence in Latin America with 100 venues. 3. Caliente's new betting offering will engage sports fans across nine countries. 4. IGT PlaySports platform recognized as 'Sportsbook Platform Provider of the Year'. 5. Phased rollout to include Argentina, Brazil, Ecuador, and more.
IGT's expansion into Mexico and Latin America significantly increases its market presence. Historical examples show that market expansions often lead to stock price growth, as seen with similar companies like Scientific Games in earlier Latin American endeavors.
The announcement reflects a strategic move that could enhance IGT's revenue streams and competitive position in the growing sports betting market.
The multi-year nature of the agreement suggests sustained revenue growth over time. Previous multi-year contracts in the industry have resulted in increased stock valuations as companies realize increased earnings capacity over the contract's life.
Multi-year technology and services agreement will yield 42 IGT PlaySports-powered retail sportsbooks across Mexico and more than 100 additional IGT PlaySports-powered venues in Latin America
LAS VEGAS, Aug. 7, 2025 /PRNewswire/ -- IGT announced today that it secured a multi-year sports betting technology and services agreement with Hipodromo de Agua Caliente SA de CV and Distribuidora Internacional de Equipos de Juego, S. De R.L. De C.V. that will significantly extend IGT PlaySports' footprint to Mexico and Latin America via Corporación Caliente.
Per the agreement, 42 Caliente sportsbooks in Mexico will leverage the IGT PlaySports platform and services from the Company's Trading Advisory Services Team. Through a phased rollout, Caliente will also be able to provide select sportsbooks operators throughout Latin America access to IGT PlaySports' technology, extending the technology's reach to more than 100 additional venues across eight countries.
"Partnering with IGT PlaySports on the rollout of our new retail sports betting offering is an exciting milestone for Corporación Caliente and one that will engage sports enthusiasts in nine countries," said Eduardo Hernández Triana, Corporación Caliente CEO. "Given IGT's vast global experience and the versatility and reliability of the IGT PlaySports platform, they are uniquely qualified to help Corporación Caliente level-up its betting offering and deliver even more entertainment to our players.
"IGT PlaySports is thrilled to expand our technology and service footprint to Mexico and Latin America through our multi-year retail and trading services agreement with Caliente, one of the largest sports betting operators in the region," said Joe Bertolone, IGT SVP Sports Betting. "We've worked hand-in-hand with the Corporación Caliente team to deliver a future-proofed solution and a complementary trading services program that will meet regional needs, scale with future opportunities and captivate sports fans."
IGT PlaySports and Caliente will kick off their partnership with sportsbooks in Mexico and then expand to the following countries over time: Antigua, Argentina, Aruba, Brazil, Ecuador, Panama, Paraguay and Uruguay. IGT PlaySports was named "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards. For more information, visit IGT.com, or follow IGT PlaySports on LinkedIn.
About IGT
IGT is a leading global provider of gaming, digital and financial technology solutions, formed through the combination of International Game Technology PLC's Gaming & Digital Business and Everi Holdings Inc. IGT's offering spans gaming machines, game content and systems, iGaming, sports betting, cash access, loyalty and player engagement solutions, enabling it to deliver integrated, customer-centric experiences across land-based and digital environments. Organized into Gaming, Digital and FinTech business units, IGT drives innovation, efficiency and value for casino, digital and hospitality operators worldwide. The company is headquartered in Las Vegas.
Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (775) 448-0257
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SOURCE IGT