• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

IGT gives Everi access to game features, to get fees

Oct 20, 2016 Newsdesk Latest News, Top of the deck, Trends & Tech, World  


IGT gives Everi access to game features, to get fees

Casino equipment maker International Game Technology Plc says it has reached what it called a “patent cross-licensing agreement” with a subsidiary of Everi Holdings Inc, the latter group a specialist in cash handling technology and electronic game content for the casino industry.

Under IGT’s deal with Everi Games Holding Inc, the Everi group can offer to its customers games that include any of the patented game features from the IGT portfolio, and will pay licensing fees to IGT.

Other terms of the agreement have not been disclosed.

David Lucchese, the Everi group’s executive vice president, games, said in a prepared statement contained in the news release about the cooperation: “Our agreement with IGT reflects a commitment by both parties to boost innovation across the gaming industry.”

Victor Duarte, IGT’s global chief product officer, gaming, said in the same announcement: “This agreement represents a confirmation of the value derived from our ongoing commitment to developing and protecting intellectual property while supporting future innovation and growth.”

IGT announced earlier this month it had reached a “comprehensive cross-licensing agreement” with Australia-based slot machine maker Aristocrat Leisure Ltd covering “intellectual property involving game features and system patents”.

In April, U.S.-based IGT concluded an agreement with Hong Kong-listed casino equipment maker Paradise Entertainment Ltd, for the latter to transfer all of its electronic table game technology, patents and other intellectual property to IGT, with the exception of table game intellectual property used exclusively in Macau.

Fitch Ratings Inc said in a note earlier this month that Everi Holdings was one of several casino technology suppliers “making a big push to capture share”.

Fitch nonetheless stated in the same report that it believed industry fundamentals in the U.S. land-based gaming industry would “remain weak”.


  • tweet
Related articles
  • AGEM announces board of directors for 2021
    AGEM announces board of directors for...

    Jan 14, 2021  

  • IGT casino floor system for Versaces Club in Hanoi
    IGT casino floor system for Versaces...

    Nov 10, 2020  

More news
  • Macau Covid-19 case no bar to mainland travel ties says govt
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  

  • Mohegan seeks govt nod to delay Inspire opening
    Mohegan seeks govt nod to delay Inspire...

    Jan 22, 2021  


Latest News

Macau Covid-19 case no bar to mainland travel ties says govt

Macau Covid-19 case no bar to mainland travel ties says govt

Jan 22, 2021  

A newly-confirmed Covid-19 case involving a Macau ID holder brought home on Thursday aboard one of two repatriating flights sanctioned but not chartered by the city’s government, will not put...
Read More
Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Half Kangwon Land staff on mandatory leave until Jan 31

Half Kangwon Land staff on mandatory leave until Jan 31

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us