Good morning. The devil’s in the details. And a court in Australia has ruled that Light & Wonder can maintain its Dragon Train slot machines on Aussie floors. The decision is controversial after a US court took a contrary opinion, but it means that 10,000 units can remain in operation across the country – a significant win for the operator. Meanwhile, change is afoot at Entain, as the company’s new CEO Gavin Isaacs has decided to step down, with Stella David stepping in as interim CEO.
What you need to know
- Light & Wonder’s Dragon Train slots remain in Australian casinos after court rejects Aristocrat’s injunction, ensuring continued operation.
- Entain CEO Gavin Isaacs announces that he is stepping down from his role in a surprise move, with a replacement yet to be named.
On the radar
- Queensland pubs and clubs revenue drops 9.6% Y-o-Y in January.
- Chui Hou Ian steps down as DICJ deputy director.
- Call for more sports betting grows in Hong Kong amid fiscal deficit.
- Light & Wonder launches new $1B revolving credit facility.
AGB Intelligence
GAMING MACHINES
Light & Wonder gets reprieve in Australia over Dragon Train
Gaming equipment and services giant Light & Wonder has been granted a slight reprieve in Australia, as courts rejected an injunction by rival Aristocrat over its Dragon Train slots. While other litigation does exist in differing jurisdictions, the move means that L&W can retain its slot machine series on Australian gaming floors. However, it falls in contrast to similar rulings in the United States, which did not fall in favor of L&W.
Industry Updates
- Light & Wonder announces Nathan Drane as the new Chief Product Officer.
- Evoplay appoints Ihor Zarechnyi as new CCO to strengthen growth strategy.
- FeedConstruct and World Curling announce strategic data partnership.
Corporate Spotlight
1xBet’s 2024 Milestones: key achievements & heights of success
In 2024, 1xBet achieved significant breakthroughs and successes, solidifying its position in the iGaming industry. The brand secured major partnership deals, received prestigious awards, and showcased its innovations at the world’s leading forums.
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