International Game Technology and Aristocrat Leisure have linked up to ink a broad patent cross-licensing agreement for title features and remote game server technologies.
The agreement, with financial terms not being disclosed, will see IGT be able to offer licences to the company’s combined game feature and RGS patent portfolios to the gaming sector around the globe.
Renato Ascoli, IGT CEO Global Gaming, commented: “This agreement extends and expands the previous patent cross-license between IGT and Aristocrat.
“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 licence IGT and Aristocrat patents, particularly the compelling content resulting from our combined RGS portfolios, in the spirit of competition and innovation.”
The agreement follows closely after IGT entered into a definitive agreement to acquire iSoftBet which could see its PlayDigital portfolio more than double.
Reported to be approximately €160m in cash, the acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions.