• 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 in fresh cross-licence deal: Novomatic now

Mar 14, 2018 Newsdesk Industry Talk, Latest News, Top of the deck, World  


IGT in fresh cross-licence deal: Novomatic now

Slot machine cabinet and games maker International Game Technology Plc says it has signed a patent cross-licensing agreement with the group of Austria-based gaming equipment supply companies that come under the Novomatic brand.

As a result of the agreement, the Novomatic Group can offer games – including patented game features – from the IGT portfolio, and will pay licensing fees to IGT, said a Tuesday announcement issued by IGT. The financial terms of the deal were not disclosed, with confidentiality cited as the reason.

Thomas Graf, chief technology officer of Novomatic AG, said in a prepared statement in the press release that the deal would give his firm “access to compelling product features that have proven to be successful in North America and international markets”.

The Novomatic Group has traditionally had a strong presence in European and South American markets. IGT claims to have the largest portfolio of slot game feature patents in North America.

Since the 2014 merger of the legacy IGT business in the United States and Italy-based gaming supplier GTech SpA, the new IGT has been building a network of cross-patent licensing agreements with other casino equipment suppliers.

“We welcome Novomatic to a comprehensive group of gaming industry leaders who have created a vast resource of game features patents,” said Michael Prescott, IGT’s senior vice president and general counsel, North America gaming and interactive, in prepared remarks in Tuesday’s release.

The Novomatic Group completed the acquisition in January of a 52-percent stake in Australian slot machine maker Ainsworth Game Technology Ltd. Harald Neumann, the Novomatic Group’s chief executive, said in December that the acquisition of the stake in Ainsworth Game would be “strategically very important” for the European firm.

In January the Novomatic Group appointed a vice president of business development and sales for Asia Pacific and said the move would support its expansion in the region.


  • tweet
Related articles
  • IGT to focus on Advantage, licenses out Galaxis, System2Go
    IGT to focus on Advantage, licenses out...

    Dec 23, 2020  

  • IGT US$1bln sale in Italy aids valuation: Union Gaming
    IGT US$1bln sale in Italy aids...

    Dec 09, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us