IGT pens cross-licensing deal with AGS
International Game Technology (IGT) has entered into a patent cross-licensing agreement with AGS.
Under the new deal, AGS will be able to offer games including patented features from the IGT portfolio.
AGS, which will pay licensing fees to IGT, operates as a full-service designer and manufacturer of gaming products for the casino floor.
“Our success over the last few years has been a direct result of our team's focus on providing engaging, diverse, and unique gaming experiences to players around the world,” AGS chief marketing officer Julia Boguslawski said.
“This agreement with IGT, giving us access to a depth of patents, helps us remain focused on that goal while continuing to deliver some of the highest performing games in the industry.”
Earlier this month, IGT also signed a cross-licensing deal with Scientific Games.
Michael Prescott, senior vice-president and general counsel, North America gaming and interactive at IGT, added: “We continue to build on the strength and value of IGT's intellectual property as more and more gaming companies license our patented game features.
“This cross-licensing agreement with AGS extends the reach of our IP even further across the gaming industry, helping propel our collective innovation and growth.”
Related article: IGT and Scientific Games agree to cross-licensing deal