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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 First Quarter Fiscal Year 2025 Results on August 8, 2024 • Business Wire • 07/16/2024 10:40:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:18:39 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/05/2024 08:06:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 08:11:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 08:10:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/31/2024 08:14:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 08:22:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 08:13:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/24/2024 09:10:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/24/2024 08:22:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:11:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:07:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:06:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:05:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:03:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:03:12 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 10:37:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 10:37:21 PM
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