Thursday, 13th June 2024

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IGT Enters Investment Agreement

International Game Technology (NYSE: IGT) today announced that it has entered into an investment agreement for Digidal Corporation, a Spokane Valley, Washington-based gaming technology company. The investment deadline is subject to Digidal’s shareholder approval, receipt of applicable regulatory approvals, and the terms of the negotiation deadline. Financial terms related to the contract or investment were not disclosed.

Upon termination of the investment, IGT will receive access to Digital’s intellectual property portfolio, five-year exclusive manufacturing and distribution rights for digital products, and the option to acquire Digital within five years. 온라인카지노사이트

Digital’s main technology is the patented electronic table gaming platform. IGT expects to work with Digital to expand Digital’s gaming content library and electronic table gaming products.

“Our proposed distribution agreements and investments in Digidal reflect IGT’s commitment to playing a key role in the developing e-table gaming market,” said Steve Morro, IGT’s gaming division president. “We are excited about the opportunity to leverage Digidal’s intellectual property portfolio and engineering talent with IGT’s in-depth research and development resources.”

“Digital is excited to work with IGT to further develop its gaming platform, expand its portfolio of intellectual property and gaming content, and expand its manufacturing and distribution capabilities,” said Michael Kuhn, CEO of Digidal.

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