Friday, November 09, 2012 12:05:04 AM
WMS is the third-largest American slot machine manufacturer, with a 17 percent market share in the second quarter of 2012. There was a patent infringement lawsuit filed by WMS Industries against Bally Technologies in 2010, which affected Bally at G2E.
But right now, MGT Capital Investments, Inc., announced on Nov 5th that its majority-owned subsidiary, MGT Gaming, Inc., has filed a lawsuit claiming patent infringement against multiple companies believed to be violating MGT Gaming's United States Patent No. 7,892,088 entitled "Gaming Device Having a Second Separate Bonusing Event."
The lawsuit alleges the defendants WMS Gaming, Inc. and other major casinos, Inc. either manufacture, sell or lease gaming systems in violation of MGT Gaming's patent rights, or operate casinos that offer gaming systems in violation of MGT Gaming's patent rights.
The performance of WMS does not change a lot in these couple months. If MGT win this lawsuit, WMS, as the third largest American slot machine manufacturer, may pay the royalties to the MGT, which may not affect WMS too much, but will definitely help MGT gain profit and double their stock price, maybe they will become a new rival for WMS.
Recent WMS News
- Advanced Drainage Systems to Announce Fourth Quarter and Fiscal Year 2024 Results on May 16, 2024 • Business Wire • 04/16/2024 10:47:00 AM
- Advanced Drainage Systems Marks World Water Day by Highlighting Importance of Stormwater Management • Business Wire • 03/22/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:01:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:38:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:59:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:01:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 09:59:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:01:10 PM
- Advanced Drainage Systems Named by Newsweek as one of America’s Most Responsible Companies in 2024 • Business Wire • 02/21/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:01:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 09:48:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:08:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 11:57:55 AM
- Advanced Drainage Systems Announces Quarterly Cash Dividend • Business Wire • 02/08/2024 11:42:00 AM
- Advanced Drainage Systems Announces Third Quarter Fiscal 2024 Results • Business Wire • 02/08/2024 11:40:00 AM
- ADS Foundation Donates $1 Million to the University of Minnesota Duluth’s Advanced Materials Center • Business Wire • 02/01/2024 08:00:00 PM
- Infiltrator Launches New Advanced Treatment Solution and Expands Tank Offering • Business Wire • 01/24/2024 01:00:00 PM
- Advanced Drainage Systems Announces Relationship with Rainwater Management Solutions • Business Wire • 01/19/2024 11:00:00 AM
- Advanced Drainage Systems to Announce Third Quarter Fiscal Year 2024 Results on February 8, 2024 • Business Wire • 01/16/2024 11:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 09:01:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 09:01:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/15/2023 10:30:54 PM
- Advanced Drainage Systems Survey: Over Half of Americans Worried About How Their Stormwater is Managed • Business Wire • 12/14/2023 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 09:01:05 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/06/2023 11:53:54 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM