Casino equipment supplier Aristocrat Technologies Inc has settled a lawsuit it brought against PlayAGS Inc, filed in the U.S. state of Nevada in March. The Australian maker of slot machines alleged AGS infringed its trademark rights for the firm’s Buffalo-branded machine (pictured).
In a statement to the media published on Thursday, the companies announced they had mutually determined to resolve all claims tied to the lawsuit. AGS stated it had agreed to assign certain trademarks and trade dress rights to Aristocrat but kept all other terms of the settlement 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 for 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 added that his company was “pleased to have worked cooperatively with the Aristocrat team to quickly resolve the situation in a fair and equitable manner”.
Aristocrat Technologies is a subsidiary of Aristocrat Leisure, a global leader in the casino equipment industry. It is licensed by more than 200 regulators worldwide. AGS has its foundations in the United States’ Class II Native American gaming segment and has since expanded into online gaming. Under the U.S. regulatory regime, Class II casino games include bingo and similar games.
The Aristocrat claim was made against AGS LLC and PlayAGS Inc. As well as trademark infringement, it alleged unfair competition, and sought damages via jury trial.
Sep 19, 2018Nowadays, millennials, people who were born in the 1980s or...
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Oct 23, 2018Visitor arrivals to Macau totalled over 2.56 million in September, up by 3.0 percent year-on-year, the latest data from the city’s Statistics and Census Service showed. The September visitor tally...
Oct 23, 2018
Oct 23, 2018
”We need to have stability – especially in terms of legislation, so that it doesn’t change very often. We have several discussions with the authorities and they understand that stability is a must for the development of this industry”
COO for Russian operations at casino investor Summit Ascent