International Game Technology (IGT) has announced that MGM Resorts International has chosen its sports betting platform to run its retail sports betting operations as the State of New Jersey has now opened legalised sports betting.
IGT was selected by MGM to provide its end-to-end sports betting solution at Borgata Hotel Casino & Spa in Atlantic City. Borgata has opened for sports betting with IGT’s retail point-of-sale system, enabling in-casino patrons to place in-play and pre-match sports bets over the counter, with immediate effect. The firm currently powers MGM Resorts’ retail sports betting at 10 major Las Vegas Strip properties, and mobile sports betting on the playMGM app with IGT PlaySpot technology throughout Nevada.
“Deployment of IGT’s sports betting solution at Borgata demonstrates that we are ready to deliver the products, technology, support and service to make retail and mobile sports betting a reality in any legalised state, today,” said Renato Ascoli, IGT CEO North America. “We’re very excited to extend our successful sports betting relationship with MGM Resorts to New Jersey and beyond.”
The company also revealed this week that it has signed a patent cross-licence agreement with FlowPlay Inc, a developer and publisher of community-based online social games. Under the agreement, FlowPlay can develop games including patented game features from the IGT portfolio and will pay ongoing licensing fees to IGT. Financial terms of the agreement have not been disclosed.
“We are excited to become a member of the game features patent pool managed by IGT. Licensing these game features patents will help FlowPlay build on our legacy of success offering massively multiplayer online (MMO) games and free-to-play social casino titles such as Vegas World,” said Derrick Morton, FlowPlay CEO. “Partnering with industry leader IGT provides us with a phenomenal selection of patents that we can leverage to expand our scope of development and suite of online social games to ultimately reach new audiences.”