International Game Technology PLC (IGT) announced that it has signed a broad patent cross-licensing agreement with rival Aristocrat Leisure Ltd. that includes valuable patents related to game features and remote game server (RGS) technologies.
Under the agreement, IGT will be able to offer licenses to the companies’ combined game feature and RGS patent portfolios to the global gaming industry. Financial terms of the agreement have not been disclosed.
“This agreement extends and expands the previous patent cross-license between IGT and Aristocrat,” said Renato Ascoli, IGT CEO, global gaming. “This combination of two of the gaming industry’s most valuable game features and RGS patent portfolios can help propel the evolution of gaming with compelling content and advanced game mechanics.
“We look forward to providing the entire gaming industry with the opportunity to license IGT and Aristocrat patents, particularly the compelling content resulting from our combined RGS portfolios, in the spirit of competition and innovation.”
Aristocrat CEO and Managing Director Trevor Croker said, “We are delighted to achieve this long-term agreement with IGT, which is highly aligned to Aristocrat’s established and successful IP strategy.
“The agreement will deliver significant flexibility and opportunity for Aristocrat, as we continue to execute our product-led growth plans and extend our reputation for making the world’s best gaming products and mobile content.”