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IGT and Bally Technologies Settle Patent Litigation

^{Published on 2012-10-25 13:16:43 - Market Wire}
 

IGT and Bally Technologies Settle Patent Litigation -- LAS VEGAS, Oct. 25, 2012 /PRNewswire/ --

LAS VEGAS, Oct. 25, 2012 /PRNewswire/ -- International Game Technology (NYSE: [ IGT ]) and Bally Technologies, Inc. (NYSE: [ BYI ]) announced today they have entered into a Settlement and License Agreement that will end their pending patent litigation in the case styled IGT v. Bally Gaming Int'l, Inc., Civil Action No. 1:06-cv-00282-SLR (D. Del.).  As part of the settlement agreement, Bally will obtain a patent license to IGT's bonusing portfolio under confidential terms and will dismiss its counterclaims with prejudice.

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[ International Game Technology ] (NYSE: IGT) is a global leader in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for regulated markets around the world. IGT's recent acquisition of DoubleDown Interactive provides engaging casino style entertainment to more than 5 million players monthly. More information about IGT is available at www.IGT.com or connect with IGT at [ @IGTNews  ]or [ http://www.facebook.com/IGT ]. Anyone can play at the DoubleDown Casino by visiting [ http://apps.facebook.com/doubledowncasino ] or [ http://www.doubledowncasino.com/ ]

SOURCE IGT