Feb. 15, 2000
WMS Gaming Inc., a subsidiary of WMS Industries Inc. (NYSE: WMS),
announced today that it has filed an antitrust lawsuit against International
Game Technology (NYSE: IGT) ("IGT") in the United States District Court
for the District of Nevada. The suit alleges that IGT's unlawful conduct
(i) manipulating and restricting access to slot accounting
system protocols so as to hinder the ability of competing slot machine
manufacturers to sell slot machines to casinos using those protocols;
(ii) entering into joint venture agreements, strategic alliance
agreements and cross-license agreements intended to restrain trade in
the casino gaming industry;
(iii) entering into exclusionary market
share agreements with casinos, whereby casinos that agree to maintain
IGT's monopolistic share of casino gaming machines receive pricing
discounts that are unrelated to IGT's cost or volume of machines sold
to the casino;
(iv) threatening and filing patent infringement
lawsuits against competitors despite the fact that IGT knew or should
have known that the patents were invalid and that its competitors were
not infringing; and
(v) tortiously interfering with WMS's existing and perspective business relations.
WMS seeks substantial compensatory and punitive damages.
WMS Gaming Inc., a subsidiary of WMS Industries Inc., designs,
manufactures and markets video and reel-spinning gaming devices and
video lottery terminals.
CONTACT: WMS INDUSTRIES INC.
Orrin Edidin, Esq.
Vice President and General Counsel
Jaffoni & Collins Incorporated
Joseph N. Jaffoni, Richard Land
212/835-8500 or email@example.com