Coinless Systems Inc. a leading developer, manufacturer, and supplier of coinless technology and products for the gaming industry, announced that the Company has signed a licensing agreement with Alliance Gaming Corporation.
Under terms of the licensing agreement, Alliance Gaming Corporation’s Bally Gaming and Systems business unit is allowed to use Coinless System’s patented technology, Scan After Print(TM), in all of the slot machines manufactured by Alliance Gaming Corporation. In the agreement, Coinless Systems grants Alliance Gaming Corporation a non-exclusive license to use devices within the scope of Coinless System’s U.S. Patent Nos. 6,012,832 and 6,340,331 entitled “Cashless Peripheral Device for a Gaming System” for limited purpose of making, using, offering to sell, and selling Alliance Gaming Corporation gaming machines incorporating devices within the scope of (the ‘832 and ‘331 patents) so long as such devices are acquired from Coinless Systems Inc. or a licensed manufacturer or licensed supplier of CSI.
“We have observed Alliance Gaming Corporation’s development as a leading gaming supplier and are excited about this relationship with a quality company within the gaming industry. Alliance Gaming’s worldwide presence makes this very interesting for us at Coinless Systems. As I have stated before, we anticipate 2002 to be our best year in the history of the company,” commented Dennis Sorenson, CEO of Coinless Systems Inc.
About Alliance Gaming Corporation.
Alliance Gaming Corporation is a diversified gaming company with headquarters in Las Vegas. The Company is engaged in the design, manufacture, distribution and operation of advanced gaming devices and systems worldwide, and is the nation’s largest gaming machine route operator and operates two casinos. Additional information about the Company can be found on the Alliance Gaming Web site at .
About Coinless Systems, Inc.
Coinless Systems Inc. is a Las Vegas; Nevada based developer, manufacturer and supplier of coinless technology and products for the gaming industry.
Its principle products are tickets for coinless gaming machines and Scan After Print(TM), a patented process that instantly verifies and ensures the accuracy of bar coded tickets at the slot machine as well as the cashier cage.Details