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IGT, a global electronic gaming company has announced it is making a "significant" financial investment in DigiDeal Corp., a Spokane Valley-headquartered electronic gaming products designer, according to a DigiDeal news release.
Backing is coming from the International Game Technology Co., or IGT, which sells or places a range of gaming equipment, products and services throughout North America, Australia, Asia, Europe, South America and South Africa.
IGT declined to disclose the amount of its investment, which is subject to regulatory approval.
"IGT will receive access to DigiDeal's intellectual property portfolio, five-year exclusive manufacturing and distribution rights for DigiDeal products, and an option to acquire DigiDeal within five years," the release said.
"DigiDeal, founded in 1998, is a privately held Nevada company.
It holds at least 20 gaming products patents and markets electronic games, like Texas Hold 'em Xtreme, World Poker Tour All In Hold'em, and Bonanza Blackjack. DigiDeal's primary technology is a patented, computerized gaming system that accommodates several players at large touch screens.
IGT expects to help DigiDeal expand its number of games and electronic products, the release said.
* Note: This article was published with errors that we have corrected in this reprint. |
