What are the projected incremental operating costs associated with the multi‑year technology and services agreement?
Answer
The press release you provided does not disclose the amount of the projected incremental operating costs that will be incurred under the multi‑year technology and services agreement between IGT PlaySports and Corporación Caliente.
The announcement only specifies the scope of the partnership (e.g., 42 IGT PlaySports‑powered retail sportsbooks in Mexico and more than 100 additional venues across Latin America) and the nature of the agreement (a multi‑year technology and services deal). It does not include any quantitative estimate of the additional operating expenses that IGT expects to incur as a result of this partnership.
What to do next
- Review the full press release: The excerpt you have may be a summary; the complete IGT press release (often available on the company’s newsroom or the PR Newswire website) sometimes contains a “Financial Outlook” or “Management Discussion” section that lists projected cost impacts.
- Check IGT’s investor filings: If the agreement is material enough, IGT may discuss its cost implications in quarterly earnings releases (Form 10‑Q) or in the Management’s Discussion & Analysis (MD&A) section of its annual report (Form 10‑K).
- Contact IGT’s Investor Relations: For a definitive figure, you can request clarification directly from IGT’s IR team (e‑mail [email protected] or via the “Contact” page on IGT’s investor‑relations site).
Bottom line: Based on the information you supplied, the projected incremental operating costs have not been disclosed. To obtain that figure you’ll need to consult the full press release or IGT’s subsequent financial disclosures.