** Gaming company Light & Wonder's Australia-listed shares LNW.AX rise as much as 24.8% to an all-time high of A$193

** Stock top gainer on the S&P/ASX 200 benchmark index .AXJO

** Co and Aristocrat Leisure ALL.AX agree to settle their pending litigation in Australia and the U.S.

** Under the litigation, Aristocrat contended LNW's Dragon Train game was developed using its trade secrets and copyright works

** LNW agrees to compensate Aristocrat $127.5 million for claims of infringement of intellectual property

** LNW acknowledges certain Aristocrat math information was used in Dragon Train and Jewel of the Dragon games, agreeing to cease commercialisation globally

** Citi analysts believe this is a positive outcome for LNW with the resolution removing a key overhang for the stock

** ALL stock last up 0.1% at A$57.30

** LNW's ASX stock gained 14.9% in 2025, while ALL fell 14.9%

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))