|Page (1) of 1 - 06/04/12||email article||print page|
MGM Resorts International Joins Leap Forward to Expand Picture-in-Picture Patent Pool (pIPP)(June 04, 2012)
RENO, NV -- (Marketwire) -- 06/04/12 -- As part of its ongoing effort to bring industry-leading technology partners together to expand the licensing of essential Picture-in-Picture (PiP) patents, Leap Forward Gaming (LFG), a leader in providing gaming industry solutions, announced today that MGM Resorts International (NYSE: MGM) has joined the PiP Intellectual Property Pool (pIPP) by exclusively licensing its PiP patent.
PiP technology allows gaming operators to take over all, or a portion, of a gaming machine's video screens so that they may present games, media content, interactive bonusing events, directed marketing messages and applications to players. By providing these services in a secondary picture on the video screens, game play is not interrupted.
The pIPP provides licenses to patents that enable PiP functionality and the highly desired applications that operators want to run with this enhanced ability. Effective immediately, licenses to MGM's US patent number 5,971,271 titled "Gaming device communications and service system" are available exclusively through the pIPP licensing program.
In addition to the exclusively licensed MGM PiP patent, the pIPP includes exclusively licensed patents from technology provider Gaming Technology Group (GTG), as well as LFG's own PiP patents, and currently includes US patents 5,971,271; 6,379,246; 8,083,592; 8,088,014 and 8,133,102. Non-exclusive licenses are available on affordable terms to any manufacturer or operator that has offered, or is planning to offer, PiP capabilities.
MGM Resorts International COO, Corey Sanders said, "MGM is very pleased to license our PiP patent to the pIPP so the industry can benefit. MGM has a history of spotting industry-changing solutions and it is gratifying to see our vision of over sixteen years ago come to fruition. We believe that PiP is the next technology wave that will transform the gaming floor and we are thrilled our intellectual property is included in this important patent pool."
Leap Forward Gaming CEO Ali Saffari added, "We are honored to welcome such a progressive and visionary partner as MGM, one of the world's leading hospitality companies, and their important contribution to our patent pool and licensing program. This latest agreement confirms and reinforces the importance of linking innovations that advance the industry, enhance entertainment value, and most importantly, increase operators' profitability. We believe that the pIPP will usher in a new wave of opportunity to transform the industry. Just as the cashless IPP and TITO changed the industry, we believe that the pIPP and PiP applications will be the next game-changer."
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. In addition to its 51% interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company's renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
About Gaming Technology Group
Gaming Technology Group is a leading gaming cash management system provider offering GameLinx, a state of the art modularized gaming management, security and loyalty system that effortlessly improves gaming operations and profits. GameLinx is a gaming machine cash management system, which allows smaller gaming operators to easily track all activity for each machine in each of their locations, providing real-time, accurate automated meter, machine and jackpot functions that optimize operations and expenditures. The consistent monitoring of gaming activity allows for increased game security, operational ease and immediate notifications. When combined with PlayerLinx, GTG's Player Loyalty system, GameLinx and PlayerLinx offers a complete feature rich package for restricted gaming locations on a single point of service terminal that minimizes the installation footprint. For more information, please visit www.gogtg.com.
About Leap Forward Gaming
Leap Forward Gaming (LFG), headquartered in Reno, NV, specializes in the innovation, development, design, manufacture and operation of wireless communication gaming and non-gaming systems. LFG has developed a new cutting-edge, patented, low-cost wireless ecosystem called SaffariNet® that promises to revolutionize how gaming devices, peripherals, wide-area progressives, player-tracking systems, mobile devices and server-based systems communicate wirelessly and interact across casino floors. LFG's multi-disciplined team of gaming industry professionals has more than 250 years combined gaming experience developing creative and groundbreaking technologies. Its members are the listed inventors on over 500 pending and issued worldwide patents. For more information, please visit www.leapforwardgaming.com.
P +1 (702) 413-4278
E Email Contact
Copyright @ Marketwire
Related Keywords: Leap Forward Gaming, China,Marketwire,Environmental Technology,Green Technology,Entertainment,china,Other,