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Light & Wonder Fires Back at Aristocrat

Light & Wonder Fires Back at Aristocrat

Slot supplier Light & Wonder fired back at rival Aristocrat Gaming over allegations the L&W game Dragon Train, just launched in the U.S. following a successful run in Australia, infringes on Aristocrat intellectual property, namely Dragon Link.

Truist Securities analyst Barry Jonas hosted a meeting of Aristocrat executives, quoting them in an interview with Pechanga.net as having “strenuously denied any impropriety” concerning Dragon Train, and further, that the company will continue to market and sell the progressive slot series while the lawsuit works its way through the courts. “We believe it’s unlikely that LNW will see material legal charges or significant disruptions to Dragon Train marketing and potential derivative developments,” Jonas said.

Jonas was reporting on a Boston meeting with Light & Wonder CEO Matt Wilson, CFO Oliver Chow and Vice President for Investor Relations Nick Zangari. In addition to addressing the lawsuit, the executives predicted they will meet their $1.4 billion cash flow target for next year, and the $115 share price target (currently $102.69).

On the success of Dragon Train, the executives commented that it will allow L&W to seize market share from another rival, IGT, which they described as in a state of “chaos” pending its merger with Everi and spinoff of its gaming division.

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