LAS VEGAS, Nov. 9, 2011 /PRNewswire/ -- International Game Technology (NYSE: IGT) announced today it has signed a letter of intent (LOI) with Revel Entertainment Group, LLC to provide a complete systems solution for the resort's casino floor and a dynamic games mix for 40 percent of the floor at Revel. When the resort's doors open in spring of 2012, it will offer its guests the first fully networked casino floor featuring Media Manager on every game. The transaction is subject to the parties' completion of a definitive agreement. The LOI includes a full IGT Advantage® and sbX(TM) casino management solution as well as Service Window applications that deliver engaging and personalized guest experiences in Revel's casino.

    --  40 percent of Revel's casino floor will feature IGT machines, which is
        the highest percentage of any gaming manufacturer, and will include some
        of IGT's player-favorite MegaJackpots® themes.
    --  IGT casino management solutions will include IGT Floor Manager, Media
        Manager, a Service Window with applications including Intelligent
        Bonusing and Taxable Accrual, as well as IGT Mariposa business
        intelligence solutions.

"Revel is committed to offering the very best gaming experiences to our guests and IGT has proven to be the right partner," said George Mancuso, Vice President, Slot Operations, Revel.

A comprehensive gaming business solution, IGT Advantage® provides the tools needed to manage a casino floor, attract and retain more customers, and improve the bottom line. IGT Advantage® integrates with sbX(TM) to help achieve new levels of dynamic casino and player management while providing ultimate player excitement.

"IGT is extremely excited to work with Revel Entertainment Group as it opens an exceptional resort destination in 2012," said Eric Tom, IGT executive vice president, North America Sales and Global Service. "This project will include IGT's award-winning and industry-shaping products including unparalleled systems solutions and player-favorite games."

Revel will join IGT's sbX(TM) customer base of over 50 locations in 10 countries. As the industry's first Gaming Standards Association (GSA) compliant server-based solution, sbX(TM) is specifically designed to fit the needs of any casino floor.

Further information about Revel Entertainment Group is available at www.revelresorts.com.

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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 or follow IGT on Twitter at @IGTNews or Facebook at www.facebook.com/IGT.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements that involve risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, among others, the possibility that the parties are unable to complete a definitive agreement and the anticipated benefits of the transaction might not be realized. More information about potential factors that could affect IGT's business and financial results is included in IGT's filings with the Securities and Exchange Commission, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in IGT's Annual Report on Form 10-K for its 2010 fiscal year and its Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 2011, and available on the SEC website at www.sec.gov and on the investor relations section of IGT's website at www.IGT.com. All information provided in this release is as of November 9, 2011, and IGT does not intend, and undertakes no duty, to update this information.

SOURCE IGT