Gaming equipment providers Aristocrat Technologies and PlayAGS, Inc. announced an agreement Thursday that formally resolves a March lawsuit over antitrust issues and trademark claims.
In a joint statement, the companies mutually agreed to resolve all claims associated with the federal lawsuit Aristocrat filed in March 2018 in regards to the Buffalo game series. In connection with the settlement, AGS has agreed to assign certain trademarks and trade dress rights to Aristocrat.
All remaining terms of the settlement are confidential.
“We are pleased to have resolved this case with a positive outcome that we believe protects Aristocrat’s market-topping Buffalo brand, as well as the Buffalo franchise and associated intellectual property,” said Aristocrat’s Managing Director of the Americas Matt Wilson. “Our brand assets and intellectual property are core to Aristocrat’s business, and we will continue to defend them vigorously going forward.”
AGS Executive Vice President Matt Reback said, “We are pleased to have worked cooperatively with the Aristocrat team to quickly resolve the situation in a fair and equitable manner.”
