Gaming technology organisation Scientific game has reached an agreement in its anti trust litigations, which had seen the firm originally ordered to pay $335m to shuffle tech international.
It was initially argued that SG has initiated a frivolous patent ligitation in hopes of controlling the market for automatic card shuffles at Casinos.
Regarding the settlement, Scientific games stated that through a media release: “The Settlement is conditioned on the trial court entering an order vacating the judgment entered on the Jury’s Verdict.
” The Company anticipates that the trial court will enter such an order. Upon satisfaction of the condition described above, the settlement ends all litigations related to this matter and all pending motions and filings will be dropped.
James Sottile, Chief legal officer and executive vice president of Scientific Games, said: “While we firmly believe that the Jury decision was wrong, we are pleased with the outcome of the settlement, and that this matter will be solved for goods.
Former CEO of Scientific Games Gavin Isaacs end his four and half years stint with the organisation as he resigned as Vice Chair of the Board.