Slot suppliers Aristocrat Technologies, Inc. and Play AGS, Inc. have settled a trademark and trade infringement lawsuit Aristocrat filed against AGS involving Aristocrat’s Buffalo slot-machine brand.
In a joint statement issued August 23, the companies said they have mutually determined to resolve all claims tied to the lawsuit out of court. AGS said in the statement it has agreed to assign certain trademarks and 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 Matt Wilson, Aristocrat’s managing director for the Americas. “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.”
The Aristocrat claim against AGS LLC and PlayAGS Inc. alleged trademark infringement and unfair competition, and sought damages via jury trial.