LONDON, Oct. 3, 2016 /PRNewswire/ -- International Game
Technology PLC ("IGT") (NYSE:IGT) announced that it has reached a
comprehensive cross-licensing agreement with Aristocrat Leisure
Limited ("Aristocrat") (ASX: ALL) covering intellectual property
involving game features and system patents. Terms of the agreement
have not been announced. IGT also announced that the parties
have agreed to settle all outstanding litigation between them.
"IGT's R&D investment and patent portfolio are the
largest in the gaming industry. We are pleased to have
reached this agreement with Aristocrat as we build upon our
leadership in gaming innovation," said Renato Ascoli, IGT Chief Executive Officer North
America Gaming & Interactive (DoubleDown Casino).
"This agreement demonstrates both companies' shared commitment to
investing in and preserving the value of intellectual
property."
"Turning ideas into value-adding innovation is core to
Aristocrat's mission to 'create the world's greatest gaming
experience every day'. Our agreement with IGT will contribute
toward this, and we are pleased to have finalized these
arrangements," said Toni
Korsanos, Aristocrat Chief Financial Officer & Company
Secretary.
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 over 12,000 employees. For more
information, please visit www.IGT.com.
About Aristocrat
Aristocrat Leisure Limited (ASX: ALL)
is a leading global provider of gaming solutions. The Group
is licensed by over 200 regulators and its products and services
are available in over 90 countries around the world.
Aristocrat offers a diverse range of products and services
including electronic gaming machines and casino management
systems. The Group also operates within the online social
gaming and real money wager markets. For further information
visit the Group's website at www.aristocratgaming.com.
Media Contacts:
IGT :
Robert K. Vincent, Corporate
Communications, toll free in U.S./Canada (844) IGT-7452; outside
U.S./Canada (401) 392-7452
James Hurley, Investor Relations,
(401) 392-7190
Aristocrat:
Natalie Toohey (612) 409 239 459
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SOURCE IGT