Supplier News
Austria – Novomatic to pay IGT a licensing fee for patented game features
By Phil - 15 March 2018
International Game Technology has signed a patent cross-license agreement with the Novomatic Group allowing the Austrian gaming group to offer games including patented game features from the IGT portfolio.
Novomatic will pay ongoing licensing fees to IGT but the financial terms of the agreement remain confidential.
“Reaching this cross-licensing agreement with IGT enhances our global expansion strategy with access to compelling product features that have proven to be successful in North America and international markets,” said Thomas Graf, CTO of Novomatic AG. “We are very pleased to have this opportunity to expand our creative capacity with this vast portfolio of game features.”
“We welcome Novomatic to a comprehensive group of gaming industry leaders who have created a vast resource of game features patents,” said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive. “IGT’s collaborative effort to build upon North America’s largest slot game feature patent portfolio now encompasses a global patent pool that we believe can foster continued industry-wide innovation.”
