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Legal
October 15, 2024
Aristocrat Reaches Settlement in IP Dispute with Former Employee
Amid the ongoing battle between Light & Wonder (L&W) and Aristocrat, the latter company settled an intellectual property lawsuit in Australia with one of its former employees who is also named in the legal challenge over L&W’s Dragon Train game. The Former Employee Agreed to Pay Financial Compensation Last week, Aristocrat confirmed that it reached […]
Business
October 9, 2024
Legal Battle Over ‘Dragon Train’ Could Cost Light & Wonder Up to $150M
Light & Wonder Inc. (L&W) could lose at least $50 million because of legal issues with its “Dragon Train” slot game, experts say. Aristocrat Halts L&W’s ‘Dragon Train’ Sales Amid Costly Lawsuit Aristocrat Technologies Inc. started a lawsuit saying L&W’s game copies parts of Aristocrat’s popular “Dragon Link” series. In September, Aristocrat won a court […]
Casino
October 7, 2024
L&W Developing New Legally Compliant Dragon Train Game
The lawsuit between two leading providers of gaming solutions, Light & Wonder (L&W) and Aristocrat Technologies, continues. In the legal battle, the latter company argued that the former misappropriated trade secrets and engaged in intellectual property theft when developing its Dragon Train game. The New Version of the Game Seeks to Ensure Compliance with a […]
Legal
October 2, 2024
Analysts Say Dragon Train Creator Quit Light & Wonder as Aristocrat’s Lawsuit Raged On
Emma Charles, the lead developer of the controversial Dragon Train game is no longer working for Light & Wonder, according to full-service investment banking and corporate banking specialist Truist Securities. As reported by NEXT.io, Truist said also that gambling provider might be consider replacing the game with another one following the recent preliminary injunction. Charles […]
Legal
September 27, 2024
Court Sides with Light & Wonder in Copyright Case Against Zero Gravity
Light & Wonder has won a reprieve in its legal tribulations, which have involved an ever-growing list of companies, including Aristocrat Technologies and Evolution. Light & Wonder wins legal battle against copycat game maker After losing a ruling over its Dragon Train game franchise in the United States against Aristocrat, Light & Wonder has now […]
Business
September 26, 2024
Analyst Stays Positive on L&W Despite Dragon Link Litigation
Earlier this week, the leading global provider of gaming solutions and equipment, Aristocrat Technologies, seized the initiative in its legal battle against Light & Wonder (L&W). This, however, wasn’t a major hit for the latter, based on its estimates with the exception being a dip in its shares. Macquarie Analyst Keeps Outperform Rating Still, despite […]
Legal
September 24, 2024
Aristocrat Seizes the Initiative in Legal Battle Against Light & Wonder
Aristocrat Technologies, a leading global provider of gaming solutions, achieved a significant legal victory in its ongoing lawsuit against Light & Wonder, with the United States District Court for the District of Nevada granting a preliminary injunction in Aristocrat’s favor. The legal dispute centers on allegations of intellectual property theft and the misappropriation of trade […]
Business
September 18, 2024
Jefferies Analyst Bullish on Light & Wonder, Citing Strong Growth Potential
Jefferies Equity Research analyst David Katz has confirmed his positive outlook on Light & Wonder’s future after meeting with the company’s top leaders. Katz Reaffirms ‘Buy’ Rating for Light & Wonder, Raises Price Target Katz kept his “Buy” advice for Light & Wonder’s stock in a recent note to investors. The stock traded at $110.82 […]
Legal
June 27, 2024
Court Dismisses Some of Aristocrat’s Claims against L&W
The Nevada District Court has dismissed some of Aristocrat Leisure’s claims against Light & Wonder, allowing only key claims to move forward. For context, the former company filed the suit earlier this year, alleging that the latter has committed an intellectual property violation. Speaking of which, Judge Gloria Navarro allowed the copyright and trade secret-related […]
Business
June 14, 2024
Light & Wonder Unveils New $1bn Share Buyback Program
The leading cross-platform global games company, Light & Wonder (L&W), confirmed that its Board of Directors authorized a new share repurchase program. On Thursday, the company revealed that approval was granted for the repurchase of up to $1 billion in outstanding common stock under the terms of a new three-year share repurchase program. The new […]
