Brief: IGT and Paradise Entertainment sign patent

Paradise Entertainment

25/04/2016 11:45

April 25 (Reuters) - International Game Technology Plc 
 IGT.N  
    * IGT and paradise entertainment sign electronic table games 
patent and technology assignment agreement 
    * Paradise will transfer all of its electronic table game 
technology, patents and other intellectual property to igt 
    * Co will pay paradise upfront fee plus an ongoing earn-out 
based on placement of products utilizing table game ip over 15 
year term 
    * Agreement where Paradise will transfer all electronic 
table game technology, patents,other intellectual property to 
igt 
    * Agreement provides IGT with exclusive rights to paradise's 
table game ip except in macau 
    * In Macau Paradise subsidiary lt game will remain exclusive 
provider of electronic table game products 
 
Source text for Eikon:  ID:nPnbl04Pja  
Further company coverage:  IGT.N