International Game Technology (IGT), has signed a patent cross-licensing agreement with Ainsworth Game Technology.
The agreement will give Ainsworth access to to an industry-wide game feature patent portfolio, which Ainsworth says will enhance their market offerings.
“As we position Ainsworth for future growth, we are pleased to have reached this cross-licensing agreement with IGT,” said Danny Gladstone, Ainsworth Game Technology CEO.
We’re very pleased to add Ainsworth Game Technology to the impressive list of suppliers who have worked with us to establish an IP pool that can help drive the gaming industry’s collective innovation,” said Michael Prescott, IGT senior vice president and general counsel, North America Gaming & Interactive.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
The US Department of Labor has filed a notice with the US District Court for the NMI informing the court of Imperial Pacific International’s failure to comply with a court judgement that dates back to 2019. According to the notice, IPI cannot continue to disregard the federal court judgment, its employees, and the Fair Labor Standards Act or FLSA.
On 3 April 2020, the Ministry of Home Affairs of Singapore (MHA) announced that it will be reconstituting the Casino Regulatory Authority (CRA) to establish the Gambling Regulatory Authority (GRA) by 2021. The GRA will have an expanded mandate to regulate the entire gambling landscape in Singapore and aims to consolidate and optimize gambling regulatory resources within a single agency.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.