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An announcement from Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:LNW) ) is now available.
Light & Wonder and Aristocrat Leisure have reached a settlement resolving their litigation in Australia and the United States over claims that Light & Wonder’s Dragon Train and Jewel of the Dragon games were developed using Aristocrat’s trade secrets and copyrighted materials. Under the confidential settlement framework, Light & Wonder will pay Aristocrat USD $127.5 million, permanently cease commercialization of the two contested games worldwide and use best efforts to remove existing installations, discontinue any further use of Aristocrat’s proprietary math and related copyright works, and destroy all materials reflecting that information. The companies have also agreed to confidential procedures to address potential use of Aristocrat’s math in certain existing and in‑development Light & Wonder hold‑and‑spin games, while Aristocrat’s claims in both jurisdictions will be dismissed. Both parties underscored the importance of protecting intellectual property and confidential game math to safeguard innovation and ensure fair competition in the global gaming industry, with implications for how game developers handle proprietary design elements going forward.
The most recent analyst rating on (AU:LNW) stock is a Buy with a A$206.00 price target. To see the full list of analyst forecasts on Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh stock, see the AU:LNW Stock Forecast page.
More about Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh
Light & Wonder, Inc. is a leading cross‑platform global games company that creates immersive gaming content across multiple channels. Operating through three complementary business segments and supported by a team of more than 6,500 employees, the company focuses on delivering engaging player experiences while emphasizing player responsibility and sustainable business practices.
Average Trading Volume: 626,415
Technical Sentiment Signal: Strong Buy
See more data about LNW stock on TipRanks’ Stock Analysis page.