IGT PlaySports and Corporación Caliente Team Up to Offer World-Class Retail Sports Betting Across Mexico and Latin America

Rhea-AI Summary

IGT (NYSE:IGT) has secured a significant multi-year sports betting technology and services agreement with Corporación Caliente. The partnership will establish 42 IGT PlaySports-powered retail sportsbooks across Mexico and expand to over 100 additional venues across eight Latin American countries.

Through this agreement, Caliente sportsbooks will utilize IGT's PlaySports platform and Trading Advisory Services Team. The expansion will be implemented through a phased rollout, reaching Antigua, Argentina, Aruba, Brazil, Ecuador, Panama, Paraguay, and Uruguay. IGT PlaySports was recognized as the "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards.

Positive

• Significant geographic expansion into 9 countries across Latin America
• Partnership with one of the largest sports betting operators in the region
• Implementation of both technology platform and trading services
• Recent industry recognition as Sportsbook Platform Provider of the Year

Negative

• None.

Insights

Gaming Industry Analyst

IGT's major Latin American expansion with Caliente significantly extends their sports betting footprint across 9 countries with 140+ venues.

This partnership between IGT and Corporación Caliente represents a substantial geographic expansion for IGT's PlaySports platform into previously untapped Latin American markets. The deal encompasses 42 sportsbooks in Mexico and will ultimately extend to over 100 additional venues across eight more countries, including potentially lucrative markets like Brazil.

The multi-year agreement includes both technology implementation and trading advisory services, creating multiple revenue streams for IGT. This dual-service approach is particularly valuable as it establishes IGT not just as a technology provider but as an ongoing operational partner.

The phased implementation strategy is prudent, starting with Mexico before expanding to Antigua, Argentina, Aruba, Brazil, Ecuador, Panama, Paraguay and Uruguay. This approach allows for market-specific optimization while managing deployment resources effectively.

For context, Corporación Caliente is one of the largest sports betting operators in the region, giving IGT access to an established customer base. The timing aligns with increasing sports betting legalization and growth throughout Latin America, positioning IGT to capitalize on emerging regulatory frameworks.

The recent recognition as "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards enhances IGT's credibility in this expansion. This deal significantly strengthens IGT's international portfolio and reduces its dependence on North American markets, creating more diversified revenue streams.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

© 2025 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

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SOURCE IGT

FAQ

How many IGT PlaySports-powered sportsbooks will be launched in Mexico?

IGT will launch 42 PlaySports-powered sportsbooks across Mexico through its partnership with Corporación Caliente.

Which Latin American countries will IGT expand to through the Caliente partnership?

IGT will expand to Antigua, Argentina, Aruba, Brazil, Ecuador, Panama, Paraguay and Uruguay through a phased rollout.

What services will IGT provide to Corporación Caliente?

IGT will provide its PlaySports platform technology and Trading Advisory Services Team support to Caliente's sportsbook operations.

How many total venues will IGT PlaySports power through this partnership?

The partnership will include 42 venues in Mexico and over 100 additional venues across eight other Latin American countries, totaling more than 142 locations.

What recent award did IGT PlaySports receive?

IGT PlaySports was named Sportsbook Platform Provider of the Year at the 2024 EGR North America Awards.