International Game Technology (IGT) has signed a cross-licensing agreement that will allow Aruze Gaming to develop games using IGT's patented features.

The agreement will see Aruze pay IGT licensing fees for the use of the features and follows similar recent agreements between IGT and the likes of Incredible Technologies, Everi and Aristocrat.

Headquartered in Las Vegas with offices in Asia, South Africa, Canada and Australia, Aruze works predominantly in the land-based gaming sector. It has started to move into social casino development, with its Magnificent 777 title live on Zynga's Hit it Rich! Slots.

Senior vice president and general counsel for IGT's North American gaming and interactive divisions Michael Prescott said the agreement demonstrated IGT's commitment to supporting the growth of the industry while protecting its intellectual property.

"We are very pleased that IGT's patented game features have inspired a significant amount of licensing interest from such a diverse range of gaming companies," Prescott added.

Shares in International Game Technology plc (Co.Data) (NYQ:IGT) closed in New York Friday down 2.22 per cent at $23.31 per share.


GIQ Magazine Digital Edition