IGT Pronounces Settlement to License Unique IP Rights for GALAXIS, SYSTEM2Go and Related Software program and {Hardware} to Modulus

LONDON, Dec. 18, 2020 /PRNewswire/ — Worldwide Recreation Expertise PLC (NYSE: IGT) right now introduced that its subsidiaries IGT Europe B.V., IGT Austria GmbH, and IGT Germany Gaming GmbH (“IGT”) have entered right into a strategic settlement to solely license the mental property for its GALAXIS™ and SYSTEM2Go™ on line casino central administration methods (CMSs) to Modulus S.a.r.l. (“Modulus”).

The settlement, efficient Dec. 18, 2020, permits Modulus to commercialize and distribute GALAXIS and SYSTEM2Go and IGT’s current stock of associated legacy {hardware} to Modulus prospects in all territories excluding North America. Modulus may even be capable of develop supply code for these merchandise, and can present ongoing upkeep companies to current GALAXIS and SYSTEM2Go prospects.  

“Pushed by many years of IGT’s confirmed on line casino methods expertise, GALAXIS and SYSTEM2Go options have earned a powerful status as options that drive efficiencies on worldwide prospects’ gaming flooring whereas elevating participant engagement,” stated Willy de Bruyn, President, Modulus. “GALAXIS’ vary of versatile modules combine effortlessly with SYSTEM2Go, an inexpensive and scalable CMS suited to single and multi-site gaming venues that doesn’t require a major IT infrastructure funding and intensive coaching to function. These options are a major strategic addition to our product portfolio, and SYSTEM2Go will proceed to be particularly transformational for smaller, cost-conscious worldwide operators.”

“Because the provider of the {industry}’s most superior methods options, IGT has determined to solely license the IP of its profitable legacy GALAXIS and SYSTEM2Go options to Modulus to eradicate duplicative efforts and sources required for us to handle a number of units of CMS merchandise. It will optimize our concentrate on the event, deployment, and customer support actions for our revolutionary IGT ADVANTAGE CMS and related merchandise, together with our industry-leading Resort Pockets™ and IGTPay™ cell cashless options,” stated Mark MacCombie, IGT Vice President, Gross sales and Operations, EMEA. “IGT and Modulus have collaborated on a sturdy transition plan that may guarantee present GALAXIS and SYSTEM2Go prospects proceed to seamlessly expertise the high-quality service, upkeep and assist they’ve come to anticipate.”

The transaction is topic to customary closing situations, together with regulatory approvals.

About IGT
IGT (NYSE: IGT) is the worldwide chief in gaming. We ship entertaining and accountable gaming experiences for gamers throughout all channels and controlled segments, from Gaming Machines and Lotteries to Sports activities Betting and Digital. Leveraging a wealth of compelling content material, substantial funding in innovation, participant insights, operational experience, and modern expertise, our options ship unmatched gaming experiences that interact gamers and drive progress. We now have a well-established native presence and relationships with governments and regulators in additional than 100 international locations around the globe, and create worth by adhering to the very best requirements of service, integrity, and duty. IGT has roughly 11,000 staff. For extra data, please go to www.igt.com.

About Modulus
Modulus is a Luxembourg-based firm that may present prospects with seamless assist capabilities and customer support by leveraging intensive methods expertise. Modulus is repeatedly on the lookout for a brand new era of On line casino Clever methods designed to fulfill the {industry}’s present and rising expertise wants. Modulus is pushed by an skilled staff with sturdy expertise in French and worldwide markets.

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