IGT, holder of the largest slot game feature patent portfolio in North America, is the global leader in gaming. "We enable players to experience their favorite games across all channels and regulated segments, from gaming machines andlLotteries to interactive and social gaming,” states the company through a press release
"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 VP 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," said Michael
Prescott, IGT Senior Vice President and General Counsel, North America Gaming
& Interactive.
Source: GMB
