Tipping Point Gaming favored in $20m verdict against Caesars
The verdict included $15m in compensatory damages against Caesars plus $5m in punitive damages, with over $10m in interest also accrued since the original filing in 2018.
Key Points
- According to court documents, Caesars opted to “slow-roll” the launch of Tipping Point’s products, abruptly pulling the plug on its existing agreement and claiming IP ownership
- The case would go on to eventually reach the Nevada Supreme Court, which originally ordered the trial during June 2024
Following a favorable verdict from a Clark County District Court jury, Tipping Point Gaming is now set to receive over $15m in damages from Caesars Entertainment, stemming from a case that was originally filed in 2018.
The verdict included $15m in compensatory damages against Caesars plus $5m in punitive damages. In addition, statutory interest on judgments in Nevada generally accrue at the prime rate plus 2% beginning from the date of the original filing during 2018, meaning if Caesars paid the damages on April 22, the total would include over $10m in interest as well.
“We finally got our day in court for the jury to decide, and that’s how our system works. I was pleased that we did prevail on the interference claim, that Caesars purposely and maliciously interfered with Tipping Point’s prospective business, and in finding Caesars liable for punitive damages as well,” Tipping Point Gaming Principal Sam Johnson said.
“This verdict should go a long way toward making Nevada that safe haven for the best innovators in the world.”
Johnson originally viewed Caesars as a “marquee” partner that would play a significant role in deploying his company’s products, which initially included patented side-bet technology for slots and applications in land-based and iGaming assets.
According to court documents, however, Caesars opted to “slow-roll” the launch of Tipping Point’s products, abruptly pulling the plug on its existing agreement and claiming Tipping Point held no ownership of its own IP.
Good to know: On April 14, more than 140 Union workers led by Teamsters Local 89 went on strike at the Caesars Southern Indiana property in hopes of receiving an improved contract with additional pay and retirement benefits
“I think we would have been wildly successful. The market knows Caesars is a marquee brand. If Caesars does it, and the market sees it in action, everyone follows,” Johnson said.
“But Caesars intentionally didn’t deploy and engaged in other intentional conduct to intervene with Tipping Point’s prospective relationship with another gaming industry participant. You saw it in some of the internal documents from the case — one Caesars executive invited ‘tactics to intervene,’ and another responded by taking action to stall deployment to keep Tipping Point’s products out of the field.”
The verdict, returned before District Court Judge Joe Hardy Jr., was said to represent “vindication” for Johnson, in a case that eventually reached the Nevada Supreme Court and ordered to trial during June 2024.
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