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The deal comes at the right time as this software provider company, since 2008, has been knocking on the doors of the US with expansion plans, which the license agreement just happens to optimize.
The Crux of the License Agreement
The patent license agreement between the two gaming companies gives EveryMatrix all it needs to extend its reach in the North American gaming market.
According to Erik Nyman, President of EveryMatrix Americas, "Signing a patent license agreement with IGT was an important milestone in our US expansion," remarked Nyman.
"Through this agreement, EveryMatrix will have access to IGT's game feature patents, allowing us to distribute our gaming content to partners across North America." Any game with the IGT imprint can now be offered by EveryMatrix.
Malta-based EveryMatrix is an independent gaming company with ten offices in Europe and Asia. As such, it is in pole position to penetrate the North American gaming market. More importantly, US-facing operators can now get some of the most sought-after slots from EveryMatrix.
Vice President and Deputy General Counsel, Global Gaming and Intellectual Property at IGT, Stephen Calogero, also expressed IGT's excitement over the deal.
He said, "We are pleased to add EveryMatrix as a member of the game features licensing program, which has fostered unprecedented innovation for game mechanics across the industry."
More Benefits for EveryMatrix
While IGT's patent agreements solidify the company's footing in over 100 countries, it also provides gaming entities like EveryMatrix access to more resources and tools.
IGT is a force to reckon with in the iGaming industry, and this fact doesn't only border on its compelling products. Beyond the fantastic game library, IGT is also known for its substantial investment in innovation, player insights, expertise, and cutting-edge technologies. These interests and factors add up to ensure players and partners get the very best gaming experiences.
This deal is a global move on EveryMatrix's part as they'll be leveraging IGT's commitment to supporting the industry, community, and the world in general. IGT is also the perfect gaming entity to go into a long term agreement with as they have vital sustainability priorities, which are based on:
- Valuing and Protecting our People
- Advancing Responsibility
- Supporting our Communities
- Fostering Sustainable Operations
The aforementioned serves as a bearing to ensure the company's operations are in line with societal goals, especially the Sustainable Development Goals.
IGT solidifies its integrity with a medium to report concerns or violations of law or policy. This Integrity Line can be accessed via phone or through the online portal.
Also, a fundamental tenet of IGT is Diversity and Inclusion. This is visible in the company's workforce with staff from different demographics and its ability to meet the need of the ever-changing customer demographics.
What the Future Looks Like for EveryMatrix
EveryMatrix has provided game-changing gaming solutions since its inception, receiving several awards like the EGR B2B award. It is a comprehensive gaming platform with a sportsbook, casino content aggregator, payment processing platform, and a management system. Their goal is to transform the iGaming landscape in all facets, hence the need for reputable partners like IGT.
Andrew is interested in gambling developments in Canada and the USA. He writes news updates and contributes to casino reviews for the site. A keen ice hockey player, Andrew likes to spend time on the rink playing for his local team.