Published
OnlineCasinoMergers & AcquisitionsIndustry

IGT and Scientific Games sign landmark patent deal

Worl

igtscigames
dwide gaming technology heavyweights, IGT and Scientific Games have announced the signing of a historic patent-cross licensing agreement.

Financial terms of the deal have not been disclosed but both companies stated that they will have full access to offer games using patented game features from each other’s gaming portfolios, whilst also allowing other member firms access to the IGT slot game features pool.

As two of the gaming industry’s biggest gaming technology suppliers, IGT and Scientific Games hold the largest slot game feature patent portfolios in North America.

IGT recently reported above estimate net revenue of $1.22bn for the second quarter of 2017, while Scientific Games reported net revenues of $766.3m during the same period.

This latest deal follows similar intellectual property agreements between IGT and fellow gaming technology firms Paradise Entertainment, Konami Gaming and Aruze Gaming.

Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...