Flutter will appeal a decision to pay $330m in damages issued by a Georgian court this week.
The Court of First Instance ruled that Flutter’s Georgian subsidiary Adjarabet, and iGaming developer Spribe would have to pay the damages to Aviator LLC over trademark and copyright infringement related to the operator’s “Aviator” crash game.
Aviator LLC is a former shareholder in Adjarabet, and owns trademarks related to the Aviator brand for use in online and physical gambling services.
bears no resemblance to the actual economics of the property under debate”
In a statement, Flutter stated: “The level of damages sought is egregious in nature and bears no resemblance to the actual economics of the property under debate.”
Flutter stated that the Aviator game generated $7.5m in revenue in Georgia last year, far below the damages offered. The split of the fee to be paid by Flutter and Spribe has not been disclosed.
Aviator LLC’’s law firm Mikadze Gegetchkori Taktakishvili LLC said: “We are pleased with the outcome of the court’s ruling on this claim and we will continue to aggressively protect our client’s intellectual property from unlicensed use on any international gaming platforms.”