Jun 3, 2001 11:32 PM

International Game Technology and Shuffle Master have settled their differences over a disputed slot machine patent.

IGT had sued Shuffle Master for patent infringement over Shuffle Master's field trials of a retrofitted slot game based on the S+ platform, which IGT claimed as patented technology.

The two settled out of court, it was announced on Friday. The agreement grants Shuffle Master licenses to the patent and related trademarks, and the two will share profits from the retrofitted games.

Also, IGT will develop five new game titles to be provided by Shuffle Master, starting with two new titles to be introduced in 2003, with one additional title in each of the following three years. The two will also share the profits from those games.