IGT and Scientific Games sign agreement for cashless gaming

1 March 2021

(PRESS RELEASE) -- International Game Technology PLC and Scientific Games Corporation, today announced that they have signed a cross-licensing agreement for patents related to cashless slot gaming technologies. Under the agreement, Scientific Games and IGT will be able to offer patented cashless gaming technologies from the companies' combined portfolios of casino management systems solutions to the U.S. gaming industry. Financial terms of the agreement have not been disclosed.

As a result of this agreement, operators will now be able to unlock the industry's most compelling portfolio of cashless gaming technologies. By combining the strongest features of each Company's cashless gaming patent portfolio, IGT and Scientific Games are providing a solution for the gaming industry to quickly increase adoption of cashless technology.

"This cross-licensing agreement provides casino operators access to the gaming industry's most compelling portfolio of cashless gaming technologies. We have made significant R&D investments over many years to develop this comprehensive suite of intellectual property in the cashless space. It makes revolutionary improvements to the player experience and represents the greatest advancement in cashless payments since the introduction of Ticket-In, Ticket-Out (TITO)," said Renato Ascoli, IGT CEO Global Gaming. "Cashless gaming is here to stay, and this strong portfolio of cashless IP can help casino operators ensure the safety of players by reducing cash handling and points of contact with slot games, while considerably improving casino operating efficiencies."

"At Scientific Games, we continue to find ways to extend the benefits of our innovative cashless technology. This new program allows SG and IGT to combine our leading IP for the benefit of our customers, and our industry," said Matt Wilson, CEO, Gaming Business Unit Scientific Games. "Consumers are increasingly comfortable using cashless technology, and they will continue to expect this option to be available on the floor. We're excited to partner with IGT to make it easier for operators to deliver for their players."

Through the agreement, each company will have immediate access to the other party's cashless gaming patents.

Related Links
IGT
IGT - International Game Technology
Light & Wonder Gaming Vendor Information

Featured Vendors
Imagine This
Players Pal
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Players Pal
Revolutionize the way you connect with your casino players with the Players Pal mobile app
Betson Imperial Parts & Service
Casino City Press
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
TribalHub
Oklahoma Indian Gaming Association (OIGA) Conference
TribalHub
26th Annual TribalNet Conference Sept 15-18, 2025 at Grand Sierra Resort and Casino in Reno, Nevada
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: July 14-16, 2025 Tulsa, Oklahoma
Shenzhen ZhengYuanTai Technology Co., Ltd.
Global Gaming Expo (G2E)
Shenzhen ZhengYuanTai Technology Co., Ltd.
14 years experienced gaming display manufacturer: open frame, curved, and halo monitors
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Casino Network
Texas Slots & Gaming
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Sunkist Graphics, Inc.
Regulatory Management Counselors, PC
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
AmericanChecked
Rymax Marketing Services, Inc.
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Slot Machines Unlimited
Casino Schedule Ease
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts


Your Guide to 14,828 Gaming Industry Suppliers