Playtech signs IGT cross-licensing deal

(PRESS RELEASE) -- Playtech, the world’s leading gambling technology company, today announces a new licensing agreement with global gaming leader IGT.

Under the terms of the agreement, Playtech is able to offer games in the U.S. that include any of the features patented within IGT’s extensive U.S. patent portfolio. IGT is the holder of the largest portfolio of slot game feature patents in the U.S.

The agreement represents a significant step in Playtech’s expansion into North America after being granted a license in New Jersey. Having already gone live with bet365 and across BetMGM’s gaming network earlier this year, the deal with IGT showcases Playtech’s vision to partner with leading companies and leverage its scale to increase the Company’s distribution capabilities in North America.

Shimon Akad, Chief Operating Officer at Playtech, said: “The agreement with IGT represents another significant milestone in the growth of our presence in North America as we build on the momentum of the past few months. We look forward to offering the US market more of our market-leading software and technology in what is a rapidly growing US market”.

Nick Khin, Chief Operating Officer at IGT, added: “We are delighted to have reached an agreement to provide Playtech with access to the largest game feature patent portfolio in the US. Working in partnership with Playtech will help propel our collective innovation and growth, and further validates our significant IP portfolio”.