Slot machine maker and lottery services firm International Game Technology Plc says it has reached a licensing agreement with Gamesys Ltd, a United Kingdom-based gaming software developer and online gaming operator.
Under the deal IGT will give Gamesys the right to use some of its 2,000 patented slot machine game features, IGT said in a press release on Wednesday.
Gamesys currently runs several online platforms in the U.K. providing slot machine games on a social basis and for real money.
“This agreement with IGT allows Gamesys to utilise compelling and well established game mechanics in key jurisdictions where such IP [intellectual property] is protected by patents,” said Hans Elias, head of games studios at Gamesys.
Union Gaming Research LLC said in a note on Tuesday that DoubleDown Casino, IGT’s own interactive gaming business for digital media platforms, is “still undeveloped”. DoubleDown Casino was purchased by the original International Game Technology entity in early 2012 for US$500 million.
IGT Plc was formed on April 7 via the US$6.4-billion merger of Italy-based lottery technology and services specialist GTech SpA and Nevada-based slot machine maker International Game Technology.
Jan 22, 2018Landing International Development Ltd, the promoter of the Jeju Shinhwa World resort on South Korea’s Jeju Island, is working to attract independent travellers from North and Southeast Asia via...
Jan 22, 2018
Jan 22, 2018
Dec 29, 2017It could be 2024 before a casino resort is opened in Japan,...
Dec 27, 2017The year 2017 could prove to have been a turning point in...
Oct 25, 2017The deployment of radio frequency identification (RFID)...
”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia