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IGT Signs Cross-Licensing Agreement With Aruze Gaming

LONDON, April 5, 2017 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT), holder of the largest slot game feature patent portfolio in North America, announced that it has signed a patent cross-licensing agreement with Aruze Gaming, a global entertainment company that designs, develops and manufactures slot machines and gaming devices for the global casino market. Under the agreement, Aruze Gaming can offer games including patented game features from the IGT portfolio, and will pay licensing fees to IGT.

"This cross-licensing agreement with Aruze Gaming continues IGT's positive momentum toward investing in the growth of the gaming industry while protecting our intellectual property," said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive. "We are very pleased that IGT's patented game features have inspired a significant amount of licensing interest from such a diverse range of gaming companies."

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

IGT Contacts:
Robert K. Vincent, Corporate Communications,  toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
Phil O'Shaughnessy, Global Communications, Gaming (702) 669-2975
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries
James Hurley, Investor Relations, (401) 392-7190

© 2017 IGT. All other trademarks used herein are owned by IGT or its affiliates, may not be used without permission, and where indicated with a ®, are registered in the U.S. Patent and Trademark Office.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/igt-signs-cross-licensing-agreement-with-aruze-gaming-300433915.html

SOURCE IGT

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