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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 […]
Legal
June 13, 2024
Evolution Reaches a New Milestone in Case against Light & Wonder
A significant legal development has seen Evolution Gaming successfully secure permission to file a redacted version of its complaint in the ongoing Lightning Roulette infringement case against Light & Wonder (L&W). Nevada magistrate judge Elayna Youchah ruled in favor of Evolution’s request, acknowledging the need for temporary confidentiality until L&W has formally responded to the […]
Legal
June 6, 2024
Legal Battle between Evolution and L&W Reaches New Junction
The ongoing legal battle between gaming giants Evolution and Light & Wonder (L&W) has reached a new phase as the two companies continue their legal maneuvers. Evolution’s motion to seal portions met resistance as the judge asked the company to file a memorandum, demonstrating the need for such a measure. The Companies Argue over Intellectual […]
Legal
June 4, 2024
Evolution Files Lawsuit against Light & Wonder over Alleged Infringement
Intellectual property (IP) infringement lawsuits are not uncommon in the global gambling industry. With fierce competition, some companies engage in unlawful action to gain an advantage, but this often results in prolonged lawsuits. In one recent case, one leading gaming company filed a lawsuit against another giant, claiming IP infringement. The legal case involved Light […]
