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US – IGT and Aristocrat sign cross-licensing agreement
By Phil - 3 October 2016
International Game Technology and Aristocrat have reached a comprehensive cross-licensing agreement covering intellectual property involving game features and system patents.
The terms of the agreement have not though been announced.
“IGT’s R&D investment and patent portfolio are the largest in the gaming industry. We are pleased to have reached this agreement with Aristocrat as we build upon our leadership in gaming innovation,” said Renato Ascoli, IGT Chief Executive Officer North America Gaming & Interactive (DoubleDown Casino). “This agreement demonstrates both companies’ shared commitment to investing in and preserving the value of intellectual property.”
“Turning ideas into value-adding innovation is core to Aristocrat’s mission to ‘create the world’s greatest gaming experience every day’. Our agreement with IGT will contribute toward this, and we are pleased to have finalised these arrangements,” said Toni Korsanos, Aristocrat Chief Financial Officer & Company Secretary.
