LAS VEGAS, June 5, 2017 /PRNewswire/ — Tipping Point Gaming, LLC (“TPG”) announced that it has entered into an amendment to a Patent License Agreement (“PLA”) previously executed between the parties which now provides TPG with greater certainty around its right to practice in the emerging Service Window/Picture-In-Picture category. TPG also announced that the parties have agreed to settle all outstanding litigation and claims between them.
Tipping Point’s CEO, Sam Johnson, said: “As the developer of the industry’s first Boost Gaming platform, we are pleased to have reached an agreement on an amendment to the PLA with International Game Technology (“IGT”). This agreement further clears the way for us to provide innovative solutions to our casino customers with a universal game and applications delivery platform they’ve been asking for.”
The Boost Gaming platform is a unique, patented, and Gaming Laboratories International (“GLI”) certified platform consisting of proprietary hardware and software solution that streamlines the delivery and management of wager-based side games, event-based bonusing, targeted promotions and more.
Through a simple retrofit approach, the Boost Gaming platform can transform banks of slot machines into an open games delivery system that creates a unified network of gaming terminals capable of delivering new games and software applications without needing to replace existing machines and game content. The result with the Boost Gaming platform —casino operators can convert their existing single-use gaming machine assets into a multi-dimensional open games and application delivery system that puts them in control of the content and applications on their slot floor.
“This agreement with IGT demonstrates our commitment to the category. TPG’s extensive patent portfolio continues to grow, and our business plan is to continue to deliver industry-first innovations for our casino customers while developing games and applications that boost their revenues and increase their player’s entertainment value to new levels,” Johnson added.