Aristocrat formalizes patent licensing agreement with Ainsworth

Aristocrat Technologies Australia Pty Limited and Aristocrat Technologies, Inc. have announced a patent licensing agreement with Ainsworth Game Technology Limited in Australia. This collaboration allows Ainsworth access to Aristocrat's gaming patents, including the Hold & Spin patent family, with royalty payments in Australia. In addition, Aristocrat has granted Ainsworth a royalty-free license for its responsible gaming patents. These innovations aim to promote safer gaming, including technologies like digital wallets and account-based gaming, configurable limits, self-exclusion, and activity-based tools, as well as messaging for players that incorporates artificial intelligence-enabled approaches.

Innovation and sustainability in gaming

The royalty-free license reflects Aristocrat's commitment to safe gaming through technology and its vision that innovations in responsible gaming should be accessible to the entire industry. According to Matthew Primmer, Product Director of Aristocrat:

"We welcome this agreement with Ainsworth. Innovation and creativity are at the core of what we do. We are committed to protecting the great work of our dedicated creative and technical teams."

The commercial terms of the agreement are confidential for the parties involved.

Impact on the Australian industry

This agreement highlights the role of technological innovation in the Australian gaming market, reinforcing Aristocrat's commitment to social responsibility and technological advancement in the sector.

The responsible gaming patents, which Ainsworth can now use at no cost, cover critical aspects such as:

• Digital and safe gaming: Implementation of digital wallets and account-based gaming.
• Limits and exclusion: Customizable settings for gaming limits and self-exclusion options.
• Advanced technologies: Use of artificial intelligence for a safer gaming experience.

Confidentiality and future developments

Although the financial details of the agreement remain confidential, this step strengthens the collaboration between both companies and anticipates future developments in the field of safe gaming technologies. Through b2b and other means, Aristocrat is demonstrating a proactive strategy to align business advancements with responsible practices.

Aristocrat plans to continue exploring new collaboration opportunities that could expand the reach of its innovations in global markets, reinforcing its position as a leader in the sector.

For more information, Elise Gare, Senior Vice President of Global Communications and Brand at Aristocrat, is available for inquiries.

Conclusion

This agreement serves as an example in the industry of how companies can collaborate to promote more responsible gaming practices while maintaining a strong commercial offering. Aristocrat and Ainsworth are setting a high standard in the sustainability of the gaming industry in Australia.