LONDON, U.K. – Jan. 23, 2019 – International Game Technology PLC (“IGT”) (NYSE: IGT), holder of the largest slot game feature patent portfolio in North America, announced today that it recently signed a patent cross-licensing agreement with Gaming Innovation Group Inc. (“GiG”), a global technology company that services the digital gaming industry. Under the agreement, GiG’s digital games for the U.S. can include patented features from IGT’s patent portfolio. GiG will pay undisclosed, ongoing licensing fees to IGT.
“We are pleased to have GiG join IGT’s continued game feature patent licensing effort. Expanding the number of digital gaming suppliers who leverage IGT’s leading patent portfolio can help drive industry-wide innovation that elevates the player experience across gaming channels,” said Christopher Spears, IGT Senior Vice President and General Counsel.
GiG joins a long roster of land-based, social and digital gaming suppliers who have previously entered patent cross-licensing agreements with 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 Digital 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.
About Gaming Innovation Group (GiG):
Gaming Innovation Group Inc. is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through the ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG. For more information about GiG also see: www.gig.com