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Action Gaming Sells Multiple Patents to IGTExclusive Development Agreement Solidifies IGT's Leadership Position in the Video Poker Market (February 25, 2014)
LAS VEGAS, NV -- (Marketwired) -- 02/25/14 -- Action Gaming, the leading developer of casino video poker games, announced today that it has sold several video poker patents to IGT as part of a long term and exclusive video poker game development agreement. The newly issued patents cover numerous themes and thousands of games that comprise IGT's significant installed base of daily fee video poker games. These games are major contributors to IGT's ninety per cent plus market share in the video poker product space.
Since the introduction of Triple Play Draw Poker in 1997, Action Gaming has been the primary force in developing sustainable, high earning video poker games in the gaming industry. The games have been marketed and distributed by IGT since 1997. This new agreement ensures that the successful partnership between Action Gaming and IGT will continue through the life of these patents. The agreement and the associated patent protection cover applications in the social and on-line wager markets as well as in brick and mortar casinos.
As part of this agreement, Action Gaming will provide to IGT new video poker games and associated patents on an annual basis.
"We are confident that the sale of these patents to IGT will ensure its dominance of the video poker market for the foreseeable future," said Ernie Moody, owner of Action Gaming. "We are very proud of the popular and high revenue producing games we've created for the industry and especially of the successful partnership we've enjoyed with IGT."
"We are thrilled to continue our outstanding partnership with Action Gaming, creating the games that video poker players love, while providing casinos with some of the highest-earning games on their floors. This new agreement ensures that players will continue to experience best-in-class video poker, in their favorite casinos and online with interactive play," said Joe Sigrist, IGT VP Game Development and Global Product Management.
About Action Gaming
Action Gaming is the most prolific and successful producer of video poker games in the history of the gaming industry. In addition to thousands of games located in casinos across North America, games can be found online at their Web site VideoPoker.com. With over 315,000 members, VideoPoker.com is the #1 online destination and community for video poker enthusiasts.
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