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IGT, Aristocrat Sign Cross-Licensing Deal

Slot suppliers International Game Technology, Plc., and Aristocrat Leisure Limited have reached a comprehensive cross-licensing agreement covering intellectual property involving game features and system patents. Terms of the agreement have not been announced.

“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’s chief executive officer, North America gaming & interactive. “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,’” added Toni Korsanos, Aristocrat’s chief financial officer and secretary. “Our agreement with IGT will contribute toward this, and we are pleased to have finalized these arrangements.”