In a Jasdaq filing, Universal said: "Aruze Gaming America has continued to violate an agreement that it has executed with the company to pay it patent licensing fees for company-held patents by not paying said fees whatsoever. Although the company has continued to issue citations to AGA, due to the latter showing no indications that it will comply with those citations, the Company has brought a legal action.”
"In addition to the aforementioned violation of the agreement, according to an investigation that
The Friday filing to Jasdaq clarified that Aruze Gaming America had "no capital relationship” with Universal Entertainment as the former’s shares were "wholly owned by Kazuo Okada although there are business relationships such as
Universal has completed an investigation into Okada’s business dealings and found him guilty of ‘three acts of fraudulence’ resulting in him being axed as Chairman.
Source: GMB / G3 Newswire