The “patent cross-licensing” arrangement allows the two slot machine behemoths to use “patented game features from each other’s portfolios.”<\/strong><\/p>\nSlot machines have been losing customers, as older generations begin to disappear from casino floors, and millennials seem to have little interest in predictible games of chance. Both Scientific and IGT have been scrambling to develop a betting system that can connect with younger audiences, but so far there’s been little success.<\/p>\n
The thought is that slots need to combine some element of skill to appeal to the 20 and 30-somethings.<\/p>\n
Skill-based video gaming machines have slowly been rolled out on Las Vegas and Atlantic City casino floors, but the seats are going largely unoccupied. Many were later removed, as the bulky devices weren’t pulling their weight in terms of revenue.<\/p>\n
With Scientific and IGT sharing technological information, the two entities might be better situated to develop the slot machine of the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
Las Vegas-based Scientific Games (SG) announced on Wednesday that it was acquiring competitor NYX Gaming in a deal valued at $632 million. The purchase further extends Scientific’s dominating presence in the slots market. Scientific Games will buy all outstanding ordinary shares of NYX, a company based in Las Vegas that trades on Toronto’s Venture Stock […]<\/p>\n","protected":false},"author":42,"featured_media":59106,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19,18,1074],"tags":[],"acf":[],"yoast_head":"\n
Scientific Games Buys NYX Gaming Internet Platforms for $632 Million<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n