IGT and Konami sign cross-licensing deal

International Game Technology (IGT) and Konami Gaming, Inc. have entered into a patent cross-licensing deal.

Under the terms of the deal, Konami Gaming, Inc. can offer games that include patented game features from the IGT portfolio for a licensing fee.

“Cross-licensing these game patents between our two companies allows Konami and IGT to share some of the best features that make our games desired by customers,” Thomas Jingoli, executive vice president and chief commercial officer for Konami Gaming, said.

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