IGT, Paradise Entertainment sign ETG patent deal
Hong Kong-listed Paradise Entertainment Ltd has agreed to transfer all of its electronic table game (ETG) technology, patents and other intellectual property to global gaming supplier International Game Technology Plc (IGT), with the exception of table game intellectual property used exclusively in Macau.
The patent and technology agreement was announced on Monday. IGT will pay Paradise Entertainment an up front fee of US$12.95 million, Paradise Entertainment said in a filing to the Hong Kong Stock Exchange on Tuesday.
