International Game Technology PLC (“IGT”), holder of the biggest slot game feature patent portfolio in North America, announced that it has reached a patent cross-licensing agreement with Everi Games Holding Inc. (“Everi”), a subsidiary of Everi Holdings Inc. and leading manufacturer of electronic gaming machines and gaming payment solutions.  Under the agreement, Everi can offer games that come with any of the patented game features from the IGT portfolio, and can pay licensing fees to IGT. 

“We are pleased to expand the positive impact of our patent portfolio by reaching this patent cross-licensing agreement with Everi,” said Victor Duarte, IGT global chief product officer, gaming.  “IGT’s leading R&D investment has created the biggest portfolio of gaming intellectual property within the industry.  This agreement represents a confirmation of the price derived from our ongoing commitment to developing and protecting intellectual property while supporting future innovation and growth.”

“As Everi continues to construct on our extensive games library, it is sensible to form value-added partnerships within our industry that permit Everi to continue to create more engaging player experiences,” said David Lucchese, Everi executive vice president, games. “Our agreement with IGT reflects a commitment by both parties to spice up innovation around the gaming industry, and we couldn’t be more pleased to be working with them while we try to supply the easiest in gaming entertainment.”

Read More... [Source: Gaming Industry News]