NetEnt signs IP patent cross-license agreement with IGT
World’s leading end-to-end gaming company IGT and leading digital entertainment company NetEnt have reached an IP patent cross-license agreement enabling NetEnt to offer games in North America that include any of the patented game features contained in the IGT portfolio.
North American iGaming market
Both developers of online slot games, IGT and NetEnt have the same intentions, to become the largest. So far NetEnt did a great job already, providing premium gaming solutions to the world’s most successful online casino operators. However, one of the main priorities of NetEnt these days is to enter the North American market, which is slowly opening up again for the online gambling operators after it was shut down the moment US Congress passed the Unlawful Internet Gambling Enforcement Act of 2006. The UIGEA prohibited gambling businesses from knowingly accepting payments, the reason many gambling sites immediately suspended business with US gamblers.
The signing of an IP patent cross-license agreement with IGT is a big step forward in the process of an entry for NetEnt into the North American market as this special license agreement will allow NetEnt to offer gaming features that have been patented by IGT in North America.
Björn Krantz, Managing Director NetEnt Americas LLC, comments, “IGT is a key partner for NetEnt in its expansion into North America, and we are really pleased that we’ll have access to all of IGT’s game feature patents for our North American multichannel games offering.”
Patented slot features
No doubt IGT has the largest number of slot features patented in North America, a special position NetEnt can’t ignore while entering the North American market. The reason why is because all slot games developed by NetEnt include similar features, most probably patented by IGT. To make sure NetEnt is able to do in North America what it has been doing so successfully in the past two decades in Europe for example, which is driving the market with thrilling online casino games, signing an IP patent cross-license agreement with IGT seems the best step forward. This way players in North American online casinos don’t have to miss out on any of NetEnt’s slot features available in famous slot games like Starburst™, Gonzo’s Quest™, Aliens™, Jack Hammer™ and many more.
IGT, the world leader in the gaming equipment space, recently merged with GTECH, the largest global lottery business, in order to create the world’s leading end-to-end gaming company, listed on the New York Stock Exchange. IGT manufactures about a half of all slot machines in the United States, with approximately 6 billion dollars in revenue. The holding company headquarters are in the United Kingdom, while its operating headquarters can be found in Rome (Italy), Las Vegas (US), and Providence (Rhode Island), offering employment to over 13.000 talented professionals.
As a global leader in Gaming, IGT is offering players the opportunity to experience their favourite games across several channels in regulated segments, also including iGaming, iLottery, and Play-for-Fun solutions. The company is licensed in three of the key European jurisdictions (Alderney, Gibraltar and Belgium), while having a well-established local presence and relationships with governments and regulators in more than 100 countries around the world.
Some of the NetEnt Casinos listed on NetentCasinos.com do offer some of IGT’s big names, often based on big screen blockbusters, brilliant board games and thrilling TV shows including Cleopatra™, Cluedo® and Monopoly®.
Matteo Monteverdi, Senior Vice President Global Product Marketing, Interactive, IGT comments, “We are very pleased to reach an agreement to provide NetEnt with IGT’s best-in-class portfolio of game feature patents. Working in partnership with NetEnt enables us to further validate our significant IP portfolio.”