|As reported by Bloomberg News, the New York Stock Exchange has won reinstatement of a lawsuit accusing MGM Mirage Inc. of violating copyright laws by using variations on the NYSE name in its New York-New York Hotel and casino in Las Vegas.|
If the NYSE wins this lawsuit, the irony will not be lost on MGM Mirage. Because this week, MGM MIRAGE sued MGM Amusements BC Inc., Mahini Inc. and their Californian owner Michael McLennan to stop them from using the MGM and MGM Grand trademarks to promote their online casino called 'MGM Club Casino.' The defendants, in a US District Court lawsuit, were accused of registering and linking the domain names 'mgmclubcasino.com,' 'northamericassportsbook.com,' 'mickcasino.com' and 'gamblerspalacecasino.com' to their Internet casino.
The NYSE, the world’s biggest stock market sued to stop MGM Mirage, the world’s second largest gaming firm, from trading on its image, for example, the use of a replica of the “distinctive” building façade in the casino’s financial district, and references to “the Big Board”.
The NYSE wants “to preserve a reputation for integrity and transparency,” the US 2nd Circuit Court of Appeals wrote. A jury “might therefore find that the casino's humorous analogy to its activities--deemed by many to involve odds stacked heavily in favor of the house--would injure NYSE's reputation.”