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IGT Partners With LVGI; Settles Lawsuit

International Game Technology and Las Vegas Gaming, Inc. have decided to settle their legal disputes and team up to develop software applications for IGT’s server-based casino systems.
IGT produces slot machines and delivers server-based software through systems like sb NexGen and sb Service Window. LVGI develops gaming software applications that will now be delivered from IGT’s systems in conjunction with their own software delivery system, PlayerVision. Through this partnership, LVGI has the opportunity to become a certified sb software developer.
In return for LVGI’s gaming software applications, IGT will invest $11.5 million in the company. Both partners agree that pairing up will be an asset for the ultimate beneficiary, the casino patron. LVGI President and CEO Jon Berkley said that the new applications will “dramatically enhance the player experience.”
“Combined, we will offer the gaming operator a path to move forward with software applications that can either be delivered with the robustness of the IGT sb network or by retrofitting existing machines through PlayerVision,” Berkley said. “This combination will drive more rapid adoption of these groundbreaking technologies.”
Rich Schneider, IGT’s senior vice president of network systems, agreed with Berkley and said the alliance will further the evolution of server-based gaming, thereby giving the casino patron a better gaming experience.