Playtech and IGT, two leading software providers in the gambling world, have recently signed a licensing agreement. This deal is a significant step for Playtech in its striving for expansion in the US market.
This licensing agreement allows Playtech to offer its releases in the United States. The only condition is that games are to include any feature that is in IGT’s patent portfolio. IGT boasts the largest portfolio of that kind.
“increase the number of games offered to US players”
Shimon Akad, Chief Operating Officer at Playtech, 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”.
“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,” added Nick Khin, Chief Operating Officer at IGT.
This licensing agreement seems to be another milestone for Playtech in its strategy of extended its presence in the US market. In 2020, the studio was granted a gambling license in New Jersey and went live with bet365 and BetMGM’s gaming network. Now, it can increase the number of games offered to US players.
Source: Press Release, published on December 21th, 2020.