IGT and Konami announce cross-licensing agreement
"Cross-licensing these game patents between our two companies allows Konami and IGT to share some of the best features that make our games desired by customers. The opportunity to leverage some of IGT's patented mechanics enables Konami to enhance our game portfolio as we continue to focus on delivering the most enjoyable 'Born from Fun' gaming experiences possible," said Thomas A. Jingoli, Konami Gaming, Inc. Executive Vice President and Chief Commercial Officer.
"Our cross-licensing agreement with Konami Gaming, Inc. demonstrates the strength of IGT's game feature patent portfolio and the value that it represents to other gaming companies. We look forward to continued collaboration across the industry as we collectively invest in the growth of gaming," added Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive.
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