Others

IGT and Acres to Resolve all Pending Litigation

Wednesday 17 de April 2024 / 12:00

⏱ 1 min read

(London).- International Game Technology and Acres 4.0, Acres Manufacturing Company, and John Acres ("Acres") announced that effective April 12, 2024, they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced.

IGT and Acres to Resolve all Pending Litigation

The resolution was reached in the United States District Court of Nevada, directed to United States patents that pertain to facilitating use of a financial transaction device in a cashless wagering system in a gaming system, and Nevada State Court directed to a breach of contract claims.

"IGT is pleased to reach a mutual agreement with Acres that resolves all disputes between us. This allows us to dedicate our collective resources where they are better served, driving continued innovation in the exciting and evolving cashless gaming space," said Nick Khin, IGT COO Gaming.

Adds John Acres, CEO of Acres, "We are thrilled to put this matter behind us and work cooperatively with IGT to build exciting new gambling experiences that can increase both player enjoyment and casino profits."

Categoría:Others

Tags: IGT,

País: United Kingdom

Región: EMEA

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