Some time ago, a major gaming corporation, IGT, attempted to exert its influence, alleging that a smaller rival, we’ll call them “Ace Co.,” was violating their intellectual property rights related to digital payment gaming technology. Essentially, IGT was endeavoring to pressure Ace Co. into paying licensing costs that would have significantly increased the price of their well-regarded Foundation casino administration platform.
Ace Co. refused to yield. They fought back, providing documentation to the United States Patent and Trademark Office demonstrating that IGT’s assertions were unfounded. The Patent Office ruled in favor of Ace Co., dismissing IGT’s lawsuit and upholding the legitimacy of Ace Co.’s system.
This entire situation originated in 2021 and truly underscored the David and Goliath dynamic present within the gaming technology sector. John Ace (you can probably deduce his identity!), the creator of Ace Co., consistently asserted that the legal action was without merit. This triumph is a significant victory for both Ace Co. and equitable competition within the industry.
Furthermore, Ace Co. has been making strategic maneuvers recently, such as recruiting a financial expert, David Bayne, as their Chief Financial Officer. Bayne possesses an impressive history of success and is anticipated to contribute to Ace Co. achieving even greater levels of accomplishment.
Acres is cultivating key alliances, such as their collaboration with Maverick Gaming. In this partnership, they’ve deployed their CMS+ and digital casino application software throughout Maverick’s gaming establishments. This technology, combined with Foundation hardware, seeks to provide casinos with a more comprehensive and insightful understanding of their information while utilizing mobile solutions to optimize communication within the casino setting.