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IGT and LVGI bury hatchet and build new relationship
IGT and Las Vegas Gaming (LVGI) have put legal rows about alleged copyright and other infringements involving LVGI's PlayerVision behind them, and are going forward in a new business relationship.
LVGI has agreed to create applications for IGT's server-based gaming systems, while IGT has agreed to help LVGI in those efforts; IGT is also investing $11.5 million in LVGI.
All of LVGI's future software applications will be launched on IGT's Server Based software delivery vehicles, sbNextGen and sbServiceWindow, either before on in parallel with their launch on LVGI's PlayerVision software delivery system. LVGI will become a certified sb Software Developer, and will commit a great deal of its efforts to creating innovative applications for the IGT platforms.
Las Vegas Gaming President and Chief Executive Officer Jon Berkley commented: "We look forward to working with IGT to create innovative software solutions that dramatically enhance the player experience. Combined, we will offer the gaming operator a path to move forward with software applications that can either be delivered with the robustness of the IGT sb network or by retrofitting existing machines through PlayerVision. This combination will drive more rapid adoption of these ground-breaking technologies."
Rich Schneider, IGT's Senior Vice President of Network Systems, added: "We are delighted to have reached this win-win agreement with Las Vegas Gaming."
"This partnership demonstrates our continued commitment to the advancement of IGT's Server-Based initiative. LVGI has proven to be one of the first-to-market innovators in software on the gaming floor. Working with them to achieve the promise of the networked gaming floor of the future will prove to be a great arrangement for both companies, but first and foremost this arrangement will act as a catalyst for growth within the gaming industry through more compelling technologies for the player."
