IGT Seals Cross-licensing agreement with AGS
London-headquartered gaming company, International Game Technology (IGT), has signed a patent cross-licensing agreement with the US-based side, AGS.
Under the provisions of the latest deal, AGS will be able to offer the games from the IGT’s extensive portfolio, including those with patented features.
A Big Step for AGS
AGS has offices in Georgia, Oklahoma, and Nevada, and also operates outside of the United States, in Mexico and Brazil, offering full-service designing and manufacturing of gaming products.
Commenting on the new deal, AGS Chief Marketing Officer Julia Boguslawski said the company’s focus was on providing engaging, diverse, and unique gaming experiences to players around the world, which had proven to be a significant factor in achieving huge success over the last few years.
She added the agreement with IGT would give AGS access to a depth of patents, helping her employer to remain focused on the goal of delivering some of the highest performing game in the industry.
A Second Deal This Month
This deal comes as a yet another testimony of IGT’s market offensive, since the company also signed a cross-licensing deal with Scientific Games earlier this month.
Michael Prescott, senior vice-president and Chief Legal Officer, North America gaming and interactive at IGT said the company continued to build on the strength and value of IGT’s intellectual property as more and more gaming companies were licensing its patented game features.
Prescott stated the new cross-licensing agreement with AGS extended the reach of the company’s IP even further across the gaming industry, helping propel its collective innovation and growth to a new audience of customers.