Aristocrat Secures $127.5m Settlement in IP Dispute with Light & Wonder

Aristocrat Leisure ( (AU:ALL) ) has provided an announcement.

Aristocrat Leisure and rival gaming company Light & Wonder have reached a confidential settlement resolving litigation in Australia and the United States over alleged misuse of Aristocrat’s trade secrets and copyrighted material in the development of Light & Wonder’s Dragon Train and Jewel of the Dragon games. Under the agreement, Light & Wonder will pay Aristocrat USD $127.5 million, permanently cease global commercialization of the disputed titles, remove existing installations where possible, stop using the Aristocrat mathematical information at issue, and destroy related materials, while both companies commit to procedures to address any similar issues in other Light & Wonder hold-and-spin games; the case dismissals and strong joint emphasis on intellectual property protection underscore the growing strategic importance of proprietary game design and complex math models in maintaining fair competition in the gaming industry.

The most recent analyst rating on (AU:ALL) stock is a Buy with a A$71.00 price target. To see the full list of analyst forecasts on Aristocrat Leisure stock, see the AU:ALL Stock Forecast page.

More about Aristocrat Leisure

Aristocrat Leisure Limited (ASX: ALL) is a global entertainment and gaming content creation company focused on regulated land-based gaming, social casino, and regulated online real money gaming. Its portfolio spans electronic gaming machines, casino management systems, online real money games including iLottery, and free-to-play mobile games, serving millions of players worldwide through brands such as Aristocrat Gaming, Product Madness, and Aristocrat Interactive.

YTD Price Performance: -1.65%

Average Trading Volume: 1,350,593

Technical Sentiment Signal: Hold

Current Market Cap: A$35.08B

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