TTR.L Regulatory News (TTR)

32Red Plc

32Red wins trade mark dispute in High Court

32Red Plc ("32Red"), the award-winning online gaming operator, announces that the High Court of Justice of England & Wales ("the Court") has today delivered its Judgment in the Company's trade mark dispute against William Hill, the owners of 32Vegas online casino.

32Red is pleased to report that the Court ruled in favour of 32Red, holding that the use of "32 Vegas" and "32V" infringe 32Red's European Community Registered Trade Marks.

The Court held that William Hill's 32 Vegas casino signs were sufficiently similar to 32Red's marks to cause a likelihood of confusion amongst consumers.

The Court also held that William Hill's infringement caused detriment to the distinctive character and repute of 32Red's trade marks. The Court dismissed William Hill's counterclaim as to the validity of 32Red's trade mark rights in the UK and European Community.

This positive judgment follows nearly two years of proceedings against William Hill. In the near future the Court will make an order on the consequences of this result. Amongst other things, 32Red will ask for:

- an injunction to prevent use of 32Vegas marks in the European Community

- repayment of its significant legal costs

- an inquiry to take place to assess the extent of damages or profits arising from the infringement.

It is not possible at this stage to quantify the positive financial impact that this significant victory will eventually have. The Board will continue to keep shareholders informed of any developments as and when they arise.

Ed Ware, CEO of 32Red said:

"We are naturally delighted that the High Court has upheld our claims. This judgment firmly establishes our Intellectual Property Rights and should deter other operators from infringing our trade marks.

As highlighted by the judge, we have an excellent reputation as an online casino operator and a strong brand - these are extremely valuable assets in any marketplace."

21 January 2011

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