IGT has signed a broad patent cross-licensing agreement with gaming content and technology company Aristocrat Leisure Limited.
The new arrangement between Aristocrat and IGT includes patents related to game features and remote game server (RGS) technologies.
IGT will offer licenses to the two firms’ combined game feature and RGS patent portfolios to the global gaming industry. No financial terms regarding the agreement have been disclosed.
“This agreement extends and expands the previous patent cross-license between IGT and Aristocrat,” commented Renato Ascoli, IGT CEO Global Gaming.
“This combination of two of the gaming industry’s most valuable game features and RGS patent portfolios can help propel the evolution of gaming with compelling content and advanced game mechanics.
“We look forward to providing the entire gaming industry with the opportunity to license IGT and Aristocrat patents, particularly the compelling content resulting from our combined RGS portfolios, in the spirit of competition and innovation.”
IGT recently stated in its fourth quarter and full-year 2021 results that it had experienced double-digit revenue growth in all active divisions, which proved to deliver the ‘best revenue, profit, and cash flow performance in the last four years’.