IGT closes Digideal investment

RENO, Nevada -- (PRESS RELEASE) -- International Game Technology (NYSE: IGT) announced today that it has closed its previously announced investment in Digideal Corporation, a gaming technology company based in Spokane Valley, WA. Financial terms related to the investment were not released.

In connection with its investment, IGT has received access to Digideal's intellectual property portfolio, a five-year term of exclusive manufacturing and distribution rights for Digideal products, and an option to acquire Digideal within five years.

Digideal's primary technology is a patented electronic table game platform, and IGT expects to work jointly with Digideal to expand Digideal's game content library and electronic table game products.

"IGT is excited to complete this strategic investment in Digideal and to expand our product offering in the electronic table game market," said Tim Richards, Director of Table Products for IGT. "We look forward to the opportunity to leverage Digideal's intellectual property portfolio and engineering talent with IGT's depth of research and development resources."

"Digideal is eager to move forward in this next chapter of our company," said Michael Kuhn, Digideal's CEO. "As the electronic table game market continues to evolve, Digideal can now better leverage its strong pool of innovative game platforms and content."