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Aristocrat wins battle over intellectual property rights with US3 million settlement

first_img New Chief Executive vows to protect Macau’s gaming and tourism industry from harm Under the terms of the settlement, Castle Hill Gaming will pay VGT US$3 million in cash as well as changing out and no longer using the game titles “New Money”, “Arctic Cash”, “Arctic Ice” and “Welcome to Nugget Mountain”, any associated artwork and characters or any variations of the games. It will also remove and no longer use certain machine features and pay tables by 1 April 2020.“This settlement again confirms VGT’s and Aristocrat’s determination to protect our intellectual property, including VGT’s market-leading Class II portfolio,” said Aristocrat TechnologiesPresident Hector Fernandez.“We will continue to be proactive and aggressive in defending our assets going forward.”VGT is a subsidiary of Aristocrat Technologies, which in turn is owned by Aristocrat Leisure Limited. Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analysts Load More RelatedPosts A US-based subsidiary of Aristocrat Leisure Limited has agreed to the settlement of a lawsuit against slot machine manufacturer Castle Hill Gaming Inc over alleged infringements of its intellectual property.Video Gaming Technologies (VGT), which Aristocrat purchased for US$1.3 billion in 2014, filed the lawsuit in 2017 claiming infringements of certain VGT trademarks, trade dress and trade secrets. Strong VIP growth sees Okada Manila GGR climb 72% in Augustlast_img read more