Forward-thinking supplier of gambling tech products, Playtech, has sealed a deal with IGT for cross-licensing purposes.

As per the deal, Playtech will offer a selection of games in the United States, including the features patented under the IGT name. The former is already established in the country and known for the excellent slot catalog and feature patents.

Playtech will make additional success in North America, after recent approval from the New Jersey regulator. The brand has also signed with Bet365, and BetMGM and IGT will be another deserving partner in the future.

Impressions from the Companies

Speaking on the new arrangement, Chief Operating Officer at Playtech, Shimon Akad 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”. 

Chief Operating Officer at IGT, Nick Khin noted:

“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.”

Playtech’s Mission and Info

The provider is a widely known supplier of gambling tech products for customers across the globe. It is focused on producing a versatile catalog that mainly includes a live casino, sports betting, virtual sports, poker, and bingo. The enterprise is also known for Playtech ONE – excellent omni-channel product that offers versatile services including marketing, CRM, single wallet function, and responsible gambling program.

At the moment, it supplies some of the leading operators with its B2B solutions and continues to mark regular success in the industry. It employs about 6400 people across 24 locations and keeps growing even more. It is also a member of the London Stock Exchange.

Source: “Playtech signs key IGT cross-licensing deal”. Playtech. December 21, 2020.