MGM Resorts International Joins Leap Forward to Expand Picture-in-Picture Patent Pool (pIPP)
04 Junho 2012 - 12:00PM
Marketwired
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.
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