MAR 7 DE MAYO DE 2024 - 06:25hs.
Strategic deal

IGT and Scientific Games sign cross-licensing agreement

International Game Technology and Scientific Games Corporation, holders of the two largest slot game feature patent portfolios in North America, announced that they had signed a patent cross-licensing agreement. While with the signing of this agreement both companies will be able to explore growth opportunities together, in other markets they will seek to differentiate themselves and enter into a new and attractive market: the Brazilian lottery sector.

Under the agreement, Scientific Games and IGT will be able to offer games using patented game features from each other's portfolios, as well as those of other members of the IGT slot game features pool.  Financial terms of the agreement have not been disclosed.

While with the signing of this agreement both companies will be able to explore growth opportunities together, in other markets they will seek to differentiate themselves and enter into a new and attractive market: the Brazilian lottery sector.

The national government has already announced the privatization of Lotex.There, both companies will surely participate in the process of consession of the locally popular " raspadinha” (scratch card), which seeks to define a private operator before the end of the year.

"We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming,” states IGT.

Scientific Games Corporation is a global leader in technology-based gaming systems, table games, table products and instant ticket games and a leader in products, services and content for gaming, lottery and interactive markets.

Source: GMB