NOVOMATIC’S CLAIM AGAINST EGT IS DISMISSED BY DISTRICT COURT OF BERLIN

Euro Games Technology (EGT) Ltd.

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NOVOMATIC’S CLAIM AGAINST EGT IS DISMISSED BY DISTRICT COURT OF BERLIN

In October, 2016, with a press release Novomatic AG informed that it is initiating court proceedings against Euro Games Technology Ltd. based in Sofia and its German sales partner D-Systems GmbH at the District Court of Berlin. Novomatic took the view that some games of Euro Games Technology Ltd. systematically and unfairly use some essential elements of its games. Immediately following the oral hearing on May 9, 2017, the District Court of Berlin dismissed Novomatic AG's claim for injunctive relief, information and damages. Within the reasons given for the judgement the District Court of Berlin outlined that claims of Novomatic may neither be based on trademark law nor on competition law. The District Court of Berlin did not recognize an illegitimate use of essential game elements.

Vladimir Dokov, CEO of EGT, commented: "We were very confident that the District Court of Berlin would dismiss the claim. We considered the allegations as unfounded from the beginning, as our products are highly innovative and our R&D department focuses on current and modern technologies. We will continue to expand our market position on the basis of our own developments and advanced know-how."