LONDON, June 13, 2018 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE: IGT), holder of the largest slot
game feature patent portfolio in North
America, announced that it has signed a patent cross-license
agreement with FlowPlay, Inc. ("FlowPlay"), a developer and
publisher of community-based online social games. Under the
agreement, FlowPlay can develop games including patented game
features from the IGT portfolio and will pay ongoing licensing fees
to IGT. Financial terms of the agreement have not been
disclosed.
"We are excited to become a member of the game features
patent pool managed by IGT. Licensing these game features patents
will help FlowPlay build on our legacy of success offering
massively multiplayer online (MMO) games and free-to-play social
casino titles such as Vegas World," said Derrick Morton, FlowPlay CEO. "Partnering
with industry leader IGT provides us with a phenomenal selection of
patents that we can leverage to expand our scope of development and
suite of online social games to ultimately reach new
audiences."
"We are excited to expand our game feature patent licensing
efforts to online social casino game development with
FlowPlay," said Renato
Ascoli, IGT CEO North America. "FlowPlay offers more
than 45 different casino-style games already, and this agreement
helps to ensure that even more of the authenticity and excitement
of land-based casino gaming extends to players in the online social
space."
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.
IGT Contacts:
Robert K.
Vincent, Corporate Communications, toll free in
U.S./Canada (844) IGT-7452;
outside U.S./Canada (401)
392-7452
Phil O'Shaughnessy, Global
Communications, Gaming (702) 669-2975
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
James Hurley, Investor Relations,
(401) 392-7190
© 2018 IGT. All other trademarks used herein are owned by IGT or
its affiliates, may not be used without permission, and where
indicated with a ®, are registered in the U.S. Patent and Trademark
Office.
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SOURCE IGT