Global gaming supplier Light & Wonder will pay US$127.5 million to industry rival Aristocrat Leisure Limited as part of a settlement agreement related to Light & Wonder’s Dragon Train slot machine series.
The two companies issued a joint statement early Monday morning (Asia time) in which they revealed they have agreed to settle pending litigation in Australia and the United States brought by Aristocrat following the launch of Dragon Train in 2023, which Aristocrat contends was developed using its own trade secrets and copyright works. Aristocrat also made similar claims against Light & Wonder’s Jewel of the Dragon series.
In respective ASX filings, the companies said the US$127.5 million in compensation was in respect of the claims for misappropriation and infringement of Aristocrat’s intellectual property, with Light & Wonder acknowledging that certain Aristocrat math information was used in connection with the development of both Dragon Train and Jewel of the Dragon.
