U.S. Markets close in 2 hrs 13 mins

VGT Protects Intellectual Property In Litigation

LAS VEGAS, Sept. 9, 2019 /PRNewswire/ -- Video Gaming Technologies ("VGT"), an Aristocrat company, has confirmed the settlement of its lawsuit against Castle Hill Gaming, Inc ("CHG"). The case was filed in 2017, and concerned alleged infringements of certain VGT trademarks, trade dress and trade secrets.

Aristocrat logo (PRNewsfoto/Aristocrat Technologies, Inc.)

Under the terms of the settlement, CHG will change out, and no longer use the game titles New Money, Arctic Cash, Arctic Ice and Welcome to Nugget Mountain, along with any associated artwork and characters, and any variations of these games. In addition, CHG will remove and no longer use certain machine features and paytables. All relevant games and machines will be modified by April 1, 2020.

CHG has also agreed to make a payment to VGT of $3 million.

Hector Fernandez, President, Aristocrat Technologies, Inc. said, "This settlement again confirms VGT's (and Aristocrat's) determination to protect our intellectual property, including VGT's market-leading Class II portfolio. We will continue to be proactive and aggressive in defending our assets going forward." 

ABOUT ARISTOCRAT TECHNOLOGIES INC.
Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ALL.AX), a global games leader with more than 6,000 employees. The company is licensed in approximately 300 gaming jurisdictions, operates in more than 90 countries, and offers a unique blend products and services. The company is the leading designer, manufacturer and distributor of Class III games as well as Class II Innovations for Native American casinos and emerging markets. The company's mission is to bring joy to life through the power of play. Its values are rooted in creativity and technology, and the company has a rich history of innovation that has shaped the gaming industry over many decades. For further information, visit the company's website at www.aristocrat-us.com

MEDIA CONTACTS:
Paul Speirs-Hernandez
Steinbeck Communications
paul@steinbeckcommunications.com 

Meghan Speranzo
Director of Marketing Communications, Aristocrat
Meghan.Speranzo@aristocrat.com 

 

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/vgt-protects-intellectual-property-in-litigation-300914547.html