Scientific Games and International Game Technology (IGT) have announced a deal to share slots features in North America. This means that the two companies will also share slots features that they’ve both patented.
Financial details behind the agreement haven’t been discussed. So it’s unclear how both sides will benefit financially from the arrangement.
Nevertheless, this is a huge deal in the slots world.
Other Recent IGT Deals
This isn’t the first cross-licensing deal by IGT in recent years.
They also signed an agreement with Everi Games Holdings last October. Everi pays licensing fees to use IGT slots features under the arrangement. The same month saw Aristocrat Leisure Ltd and IGT work out a deal on game features and system patents.
IGT also re-signed its lottery licensing deal with Caesars Entertainment. IGT’s lottery arm can now continue representing the Horseshoe, Caesars, Harrah’s, Flamingo, Paris Las Vegas, and Rio brands in North America.
More on IGT and Scientific Games
International Game Technology bills themselves as the leader in global gaming. They embody this statement by offering slot machines, lotteries, and social gaming.
The company has established a presence with governments and regulators in over 100 countries across the world. They claim to “create value by adhering to the highest standards of service, integrity, and responsibility.”
IGT is one of the biggest gaming companies in the world with over 12,000 employees.
Scientific Games Corporation bills themselves as the leader in table games, table products, instant ticket games, and technology-based gaming systems.
They also state that they’re leaders in products for casino gaming, lotteries, and interactive markets.
Scientific Games prides itself on delivering “trusted security, creative content, operating efficiencies and innovative technology.”
Both companies coming together to share patented slots features should make for some interesting future games between the two sides.