IGT and Scientic Games sign a cross-licensing agreement for the intellectual property of cashless games

As explained by IGT and Scientific Games, as a result of this agreement, operators will be able to unlock the most attractive portfolio of cashless gaming technologies in the industry. By combining the strongest features of each Company's cashless gaming patent portfolio, IGT and Scientific Games are providing a solution for the gaming industry to quickly increase adoption of cashless technology.

Renato Ascoli, IGT Global Gaming CEO, highlights that this agreement "provides casino operators access to the most attractive portfolio of cashless gaming technologies in the gaming industry." He also made reference to the significant investments in R&D made over the years with the purpose of “developing this comprehensive suite of intellectual property in the cashless space. It makes revolutionary improvements to the player experience and represents the greatest advancement in cashless payments since the introduction of Ticket-In, Ticket-Out (TITO)".

Ascoli also explains that this advance in cashless payment systems "can help casino operators ensure the safety of players by reducing cash handling and points of contact with slot games, while considerably improving casino operating efficiencies".

On the other hand, Matt Wilson, CEO, Scientific Games Games Business Unit, highlights that this agreement allows combining the innovations of both companies for the benefit of their customers and the industry in general. In this regard, he said: "Consumers are increasingly comfortable using cashless technology, and they Will continue to expect this option to be available on the oor. We're excited to partner with IGT to make it easier for operators to deliver for their players".