CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!

Gaming News

 

Anchor Gaming Licenses Cashless Gaming Patents and Certain Secondary Bonus Features to WMS

19 September 2000

LAS VEGAS, Nevada – (Press Release) -- Sept. 19, 2000 -- Anchor Gaming (Nasdaq: SLOT) today announced that it has licensed certain patent rights owned by Anchor Gaming and IGT (NYSE: IGT) for cashless gaming to WMS Industries, Inc. (NYSE: WMS) and agreed to certain financial terms and conditions, including device fees.

``The gaming industry has shown a tremendous interest in cashless gaming,'' said Anchor Gaming Chief Executive Officer T.J. Matthews. ``There appears to be a lot of confusion about which patents are important to the future of cashless gaming. It is nice to see a major competitor recognizing the value in the patents that we are now offering for licensing.''

In a separate agreement, Anchor also licensed certain secondary bonus features to WMS.

< Gaming News