IGT secures cross-licensing deal with Novomatic
International Game Technology (IGT) has entered into a patent cross-licence deal with the Novomatic Group.
Under the agreement, Novomatic will now be able to offer games and patented game features from the IGT portfolio of content.
Novomatic will pay ongoing licensing fees to IGT as part of the arrangement.
The financial terms and length of the agreement were not disclosed.
“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,” Novomatic chief technology officer Thomas Graf said.
Michael Prescott, senior vice-president and general counsel, North America Gaming and Interactive at IGT, added: “We welcome Novomatic to a comprehensive group of gaming industry leaders who have created a vast resource of game features patents.
“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.”
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