Aristocrat and Ainsworth Agree Patent License in Australia
Aristocrat Technologies grants a royalty license to Ainsworth Game Technology for its gaming patents in Australia.
Key Takeaways
- Aristocrat and Ainsworth agree on a patent license in Australia.
- The agreement includes responsible gaming patents and advanced technologies.
- The business terms of the agreement are confidential.
Aristocrat Technologies Australia Pty Limited and Aristocrat Technologies, Inc. have announced a patent licensing agreement with Ainsworth Game Technology Limited in Australia. Under this agreement, Aristocrat will grant a royalty license for its gaming patents, including the Hold & Spin patent family in Australia.
Licensing to Foster Responsible Gaming
As part of this agreement, Aristocrat has granted Ainsworth a royalty-free license for its responsible gaming patents. These innovations focus on safe gaming and include technologies such as digital wallets, account-based gaming, configurable player limits, self-exclusion, activity-based tools, and player messaging, as well as emerging AI-enabled approaches.
Commitment to Safe Gaming
Aristocrat's decision to offer this license reflects its commitment to safe gaming through technology. They argue that responsible gaming innovations should be widely available across the sector.
"We welcome this agreement with Ainsworth. Innovation and creativity are fundamental to us," commented Matthew Primmer, Product Director at Aristocrat. "We are committed to protecting the great work of our creative and technical teams."
Confidential Business Terms
The business terms of the agreement remain confidential. However, the collaboration is an indicator of Aristocrat's approach to a safe and responsible gaming environment, providing access to advanced technology to promote player protection.
This agreement between Aristocrat and Ainsworth not only strengthens their business ties but also promotes the advancement of responsible gaming tools in Australia, aligning with Aristocrat's strategy for growth and safety in the sector.
Frequently Asked Questions
What does the agreement between Aristocrat and Ainsworth entail?
The agreement grants Ainsworth a royalty license to use Aristocrat's gaming patents, including advanced responsible gaming technologies.
Which patents are included in the agreement?
The agreement includes the Hold & Spin patent family and technologies related to safe gaming, such as digital wallets and configurable player limits.
Are the business terms of the agreement public?
No, the business terms of the agreement are confidential between the involved parties.
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Gonzalo Marín
Industry Deals Correspondent
Gonzalo Marín covers the corporate deal flow of gambling — operator strategy, M&A, regulated-market entries, and product launches. The reports open with the transaction, cite companies, valuations, and jurisdictions exactly as released, and keep the announcement apart from its actual effect. When a Latin American operator raises capital or a European brand lands in the region, Gonzalo Marín reports who signs, for how much, and on what terms.
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