At Extreme Investor Network, we strive to provide our readers with unique insights and valuable information in the world of business news. Today, we’ll be discussing the latest developments in the gaming industry, specifically focusing on Aristocrat Gaming and their CEO, Hector Fernandez.
According to Fernandez, the future success of Aristocrat Gaming lies in digital opportunities and protecting their intellectual property. In a recent interview with CNBC, he emphasized the importance of aggressively defending the company’s IP while also welcoming healthy competition in the industry.
One of the recent legal battles that Aristocrat Gaming found itself in was against competitor Light & Wonder. The global gamemaker sued Light & Wonder in federal court for copyright infringement, alleging that their “Dragon Train” game closely resembled Aristocrat’s own Dragon Link games. The District Court of Nevada sided with Aristocrat and issued a preliminary injunction against Light & Wonder.
Despite the legal challenges, shares of both companies have performed well this year. Aristocrat’s shares, traded in Australia, are up 41% year-to-date, while Light & Wonder’s shares were up roughly 37% until the September court ruling.
Fernandez also highlighted the company’s focus on digital opportunities, especially in the realm of online casino gambling (iGaming) in the United States. With iGaming growing at a rapid pace, companies like FanDuel are seeing success by offering popular online games that mirror brick-and-mortar casino experiences.
As Aristocrat continues to innovate and create compelling game content, their goal remains clear: to provide players with engaging experiences and convince customers that their games will thrive on the casino floor.
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