Gaming supplier Light & Wonder Inc has been served with a class action lawsuit in Australia linked to disclosures regarding its “Dragon Train” game, the firm said in a Thursday filing.
The case has been lodged in the Supreme Court of Victoria by law firm Phi Finney McDonald, acting on behalf of shareholders who acquired interests in the company’s Chess Depositary Interests (CDIs) between May 22, 2023 and September 24, 2024.
According to the filing, the claim alleges that certain representations made by Light & Wonder concerning its Dragon Train product “lacked reasonable grounds”.
The company said it intends to “vigorously defend the proceeding”.
The development follows earlier legal and financial issues tied to the Dragon Train title. As previously reported by GGRAsia, Light & Wonder had been involved in a dispute with slot machine maker Aristocrat Leisure Ltd regarding the game, culminating in a settlement under which Light & Wonder agreed to pay US$127.5 million to Aristocrat Leisure.
That resolution contributed to Light & Wonder reporting a US$15-million loss in the fourth quarter of 2025.
The new class action focuses on shareholder claims rather than intellectual property issues. Light & Wonder did not provide further details on the potential financial impact of the proceedings.
JP Morgan Securities Australia Ltd suggested in a February memo that while 2026 “earnings shape” for Light & Wonder might be “broadly similar” to 2025, “margin resilience” could be hard to achieve given the gaming technology firm’s cost burdens and the impact of persisting trade tariffs.
The institution estimated the supplier’s adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) will reach US$1.53 billion this year, compared to US$1.44 billion in 2025.
