Pre-market drop of over 15%! Gambling giant Light & Wonder (LNW.US) products banned from sale.

Before the opening of the US stock market on Tuesday, the stock price of American gambling giant Light & Wonder (LNW.US) experienced a sharp decline. The reason was that earlier the Nevada court issued a preliminary injunction to its competitor Aristocrat regarding Light & Wonder's "Dragon Train" series game products. It is understood that Light & Wonder is primarily a manufacturer of electronic gaming machines, selling machines to bars, clubs, and casinos. The company responded in a statement, saying, "We disagree with the judge's decision and will immediately appeal. We will continue to actively defend against Aristocrat's allegations, including presenting a defense to the jury at trial." The case was first filed in March this year, involving allegations against Aristocrat that "Dragon Train" is similar to their own "Dragon Link" series and questioning the roles of two former Aristocrat designers, Emma Charles and Lloyd Sefton, who reportedly were involved in the design of Dragon Link and are said to have led the development of Dragon Train. According to a statement from Aristocrat, the court has prohibited Light & Wonder from "continuing to sell, lease, or otherwise commercialize Dragon Train". Aristocrat cited the ruling of the Nevada court, which stated that the court's decision found that Aristocrat "is likely to succeed in proving that Light & Wonder misappropriated Aristocrat's trade secrets in developing Dragon Train". Light & Wonder continued to respond by stating that the company is taking a series of key measures to mitigate the direct impact of the order and any ongoing business interruptions, and reiterated its goal of achieving $1.4 billion in consolidated AEBITDA by 2025. Since the beginning of this year, Light & Wonder's stock price has fallen by a cumulative 37%. Before the market opening on Tuesday, the stock fell by more than 15%.