Parties also agree to settle all outstanding litigation between them

Cross-licensing agreement reached by IGT, Aristocrat

2016-10-03
Reading time 36 seg
International Game Technology PLC has reached a comprehensive cross-licensing agreement with Aristocrat Leisure Limited covering intellectual property involving game features and system patents. Terms of the agreement have not been announced.

"IGT's R&D investment and patent portfolio are the largest in the gaming industry. We are pleased to have reached this agreement with Aristocrat as we build upon our leadership in gaming innovation," said Renato Ascoli, IGT Chief Executive Officer North America Gaming & Interactive (DoubleDown Casino). "This agreement demonstrates both companies' shared commitment to investing in and preserving the value of intellectual property."

"Turning ideas into value-adding innovation is core to Aristocrat's mission to 'create the world's greatest gaming experience every day'. Our agreement with IGT will contribute toward this, and we are pleased to have finalized these arrangements," said Toni Korsanos, Aristocrat Chief Financial Officer & Company Secretary.

Learn more aboutIGT

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR