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Aristocrat receive huge payment from Castle Hill Gaming

On September 10, the public learnt that Aristocrat Leisure Limited had reached a settlement with Castle Hill.This came after Aristocrat Leisure Limited made an accusation against Castle Hill that they had infringed upon their intellectual property.

As part of the terms of the agreement, Castle Hill will be forced to fork out $3 million to VGT and they will now not be allowed to use titles such as “New Money”, “Artic Cash”, “Arctic Ice” and “Welcome to Nugget Mountain”. They also cannot use additional machine features and pay-tables starting from April next year.

Aristocrat Technologies President Hector Fernandez stated:

“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.”

This matter may now be resolved but Aristocrat still do have a pending litigation against Ainsworth which is also related to intellectual property theft. Back in July, Aristocrat alleged that Ainsworth stole technology from their Lightning Link slot machine for their Jackpot Strike Machine.

Aristocrat stated that the act of injustice

“goes well beyond simple copyright infringement and concerns allegations of extensive and deliberate misappropriation of trade secrets, confidential information, and intellectual property.”

Aristocrat added that acts of corporate espionage took place. As things stand, no date has been set for when the trail will start in federal court. AGT have also denied all allegations levelled against them.

Source: https://calvinayre.com/2019/09/11/business/aristocrat-receives-3-million-from-castle-hill-gaming/

About the author

Eshlin Vedan

Eshlin Vedan

Eshlin Vedan is a professional Journalist from South Africa. He loves writing about Sports especially cricket and football/soccer. Eshlin is a neutral when it comes to club football. He is especially fond of the English Premiership and his favourite part of the season is the relegation battle.

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