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Business
July 1, 2022
Light & Wonder Reduces Sale Price of OpenBet by $400M
Light & Wonder has issued an update on the sale of its OpenBet platform to Endeavor Operating Company, LLC and Endeavor Group Holdings, Inc. According to the update, the company has agreed to sell the platform for $400 million less than the original amount after the companies entered into an amendment to their definitive purchase […]
Business
June 27, 2022
Light & Wonder Brings Back CTO Steve Beason as President of Digital
As Light & Wonder continues to double down on its digital offering, it needs more experienced and trusted iGaming veterans to help steer the company towards success. This is where former CTO Steve Beason comes in. The returning industry heavyweight will assist Light & Wonder in its pursuit of better market positioning and share, as […]
Industry
June 16, 2022
Light & Wonder to Boost PlayStar on Its NJ Launch
Light & Wonder Inc. has signed a deal with PlayStar, an online casino and thus, the company goes forth with its mission of expanding its footprint in the rapidly changing industry in the United States. With this development, PlayStar will gain full access to the provider’s game library as it launches in New Jersey. PlayStar’s […]
Industry
May 18, 2022
Light & Wonder Seeks Growth, Envisions $1.4B EBITDA
Scientific Games, now rebranded as Light & Wonder, has ambitious plans to expand its business. The company seeks to benefit from the growing gambling market and targets a consolidated adjusted EBITDA of $1.4 billion by 2025. The Company Will Optimize Its Business Light & Wonder revealed its plans on Tuesday when it explained its growth […]
Business
April 29, 2022
Scientific Games Finalized Its Rebranding to Light and Wonder
Scientific Games, a US-based provider of gambling products and services, has completed its rebranding to Light and Wonder. As of now, the company and its NASDAQ stock will go under the new name. Light and Wonder to Focus on the Digital Vertical Light and Wonder has also gotten a new logo and will trade on […]
Casino
April 28, 2022
Light & Wonder Now Features Konami Games on OpenGaming
Light & Wonder, the business name of Scientific Games Corporation, has announced a new partnership with Konami Gaming, Inc. Under the terms of the partnership, Konami will benefit from the former’s dedicated OpenGaming platform through an aggregation tie-up with Konami. US Focus on Konami’s Product Reach Expansion The deal will allow Konami to integrate […]
Industry
April 18, 2022
Light & Wonder Reduces Its Debt by More than 50% Via a Refinancing Plan
Global gaming firm Light & Wonder has stated that it has reduced its debt by more than 50% via debt refinancing. The money came from the sale of its lottery business. With this move, the company’s debt has been reduced from $8.8 billion to $4 billion. The Company Aims to Reduce the Debt Even More […]
Business
April 15, 2022
Light & Wonder Extends Its Deal with Entain through 2030
Scientific Games, the leading entertainment company that offers games and solutions for the gambling industry, doing business as Light & Wonder (L&W), extended its collaboration with Entain. Entain, Light & Wonder Extend Partnership The collaboration between the duo dates back to 2018. Back then, the collaboration marked a landmark moment for SG. To date, the […]
Casino
March 30, 2022
Light & Wonder Confirms More EGM Products for Asia
Light & Wonder plans to continue spearheading its product development and pivot towards Asia. To this end, the company formerly known as Scientific Games and one of the biggest suppliers and developers of iGaming and lottery software is planning to bring its Duo Fu Duo Cai and Jin Ji Bao Xi game series in Asia […]
Casino
March 28, 2022
Light & Wonder and Kindred Given the Green Light to Enter Ontario’s Market
The Alcohol and Gaming Commission of Ontario (AGCO) has licensed Kindred Group plc and Light and Wonder ahead of the iGaming market’s launch on April 4. The two will be joining a generous list of other prestigious gaming suppliers and operators with names like Kambi, FansUnite, PintsBet, or LeoVegas. Kindred Reaches New Milestone Malta-registered Kindred […]
