Pokie maker Aristocrat loses US court case

Pokie maker Aristocrat loses US court case

Gambling machine maker Aristocrat Leisure (ASX:ALL) said a US court had ruled against the company in its legal battle with bondholders, and will be forced to pay damages.

A United States District Court jury rejected the company’s allegation that the claimants failed to take reasonable steps to mitigate consequential damages.

As a result, Aristocrat will have to re-compensate the bondholders, the company said, although the precise amount will be determined by the court at a later date.

Aristocrat shares fell 2.5% to $5.06 following the announcement.

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