Light & Wonder shares jump on ASX after $127.5 mln Aristocrat settlement ends Dragon Train fight
Light & Wonder shares jumped 16% after it agreed to pay US$127.5 million to Aristocrat Leisure, settling a lawsuit over slot machine intellectual property. The deal requires Light & Wonder to remove two disputed games and destroy related data. Aristocrat shares rose 1%. Investors are watching for potential impacts on Light & Wonder’s broader game lineup.