LONDON, Dec. 9, 2015 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE: IGT) announced that it has
reached a licensing agreement with Gamesys, providing the
entertainment online gaming company with intellectual property
usage rights for certain game features offered in IGT's innovative
patent portfolio. As the leading end-to-end gaming company,
IGT holds more than 2,000 game feature patents worldwide.
The license agreement provides Gamesys with compelling game and
bonus features found on IGT slot machines. This enables
Gamesys online players to experience player-favorite game features
in the Gamesys library of slot titles.
"We are very pleased to reach an agreement with Gamesys to
provide licensing for IGT's best-in-class game feature patents.
Working in partnership with Gamesys to enhance its online
games leverages our industry-leading R&D investment to deliver
better games to more players," said Victor Duarte, IGT's Global Chief Product
Officer, Gaming.
"This agreement with IGT allows Gamesys to utilize compelling
and well established game mechanics in key jurisdictions where such
IP is protected by patents. By further extending our partnership
with IGT we have ensured we can benefit from their investment in
R&D to develop yet more compelling, unique content for our
partners and players," said Hans
Elias, Head of Games Studios at Gamesys.
About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players
to experience their favorite games across all channels and
regulated segments, from Gaming Machines and Lotteries to
Interactive and Social Gaming. Leveraging a wealth of premium
content, substantial investment in innovation, in-depth customer
intelligence, operational expertise and leading-edge technology,
our gaming solutions anticipate the demands of consumers wherever
they decide to play. We have a well-established local presence and
relationships with governments and regulators in more than 100
countries around the world, and create value by adhering to the
highest standards of service, integrity, and responsibility. IGT
has approximately 13,000 employees. For more information, please
visit www.igt.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release may contain forward-looking statements
(including within the meaning of the Private Securities Litigation
Reform Act of 1995) concerning IGT and other matters. These
statements may discuss goals, intentions and expectations as to
future plans, trends, events, dividends, results of operations or
financial condition, or otherwise, based on current beliefs of the
management of IGT as well as assumptions made by, and information
currently available to, such management. Forward-looking statements
may be accompanied by words such as "aim," "anticipate," "believe,"
"plan," "could," "would," "should," "shall," "continue,"
"estimate," "expect," "forecast," "future," "guidance," "intend,"
"may," "will," "possible," "potential," "predict," "project" or the
negative or other variations of them. These forward-looking
statements are subject to various risks and uncertainties, many of
which are outside IGT's control. Should one or more of these risks
or uncertainties materialize, or should any of the underlying
assumptions prove incorrect, actual results may differ materially
from those predicted in the forward-looking statements and from
past results, performance or achievements. Therefore, you should
not place undue reliance on the forward-looking statements. Factors
that could cause actual results to differ materially from those in
the forward-looking statements include (but are not limited to)
risks that the businesses of International Game
Technology and GTECH S.p.A. will not be integrated
successfully, or that the combined companies will not realize
estimated cost savings, synergies, growth or other anticipated
benefits or that such benefits may take longer to realize than
expected; risk that the Company will be unable to pay future
dividends to shareholders or that the amount of such dividends may
be less than anticipated; risks relating to unanticipated costs of
integration of the two companies; reductions in customer spending;
a slowdown in customer payments and changes in customer demand for
products and services; unanticipated changes relating to
competitive factors in the industries in which the company
operates; ability to hire and retain key personnel; the potential
impact of the consummation of the business combination on
relationships with third parties, including customers, employees
and competitors; ability to attract new customers and retain
existing customers in the manner anticipated; reliance on and
integration of information technology systems; changes in
legislation or governmental regulations affecting the company;
international, national or local economic, social or political
conditions that could adversely affect the company or its
customers; conditions in the credit markets; risks associated with
assumptions the company makes in connection with its critical
accounting estimates and legal proceedings; and the company's
international operations, which are subject to the risks of
currency fluctuations and foreign exchange controls. The foregoing
list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties that
affect IGT's business, including those described in IGT's annual
report on Form 20-F for the financial year ended December 31,
2014 and other documents filed from time to time with
the Securities and Exchange Commission(the "SEC"), which are
available on the SEC website at www.sec.gov and
on the investor relations section of IGT's website
at www.IGT.com. Except as required under applicable law, IGT
does not assume any obligation to update the forward-looking
statements. Nothing in this news release is intended, or is to be
construed, as a profit forecast or to be interpreted to mean that
earnings per IGT share for the current or any future financial
years will necessarily match or exceed the historical published
earnings per IGT share, as applicable. All forward-looking
statements contained in this news release are qualified in their
entirety by this cautionary statement. All subsequent written or
oral forward-looking statements attributable to IGT, or persons
acting on its behalf, are expressly qualified in their entirety by
this cautionary statement.
Contact:
Phil
O'Shaughnessy, IGT Corporate Communications, +1 (702)
669-2975
Ortal Dahan, IGT Corporate
Communications, +1 (702) 669-7662
© 2015 IGT. All rights reserved.
All trademarks used herein are the property of their respective
owners.
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SOURCE IGT