Skip to content
iGaming Times

Choose your emails

Which emails would you like?

Independent industry intelligence in your inbox. We will email you a link to confirm the emails you ticked, and every email carries a one-click unsubscribe link. Each list can be left on its own.

Light & Wonder

Light & Wonder

Light & Wonder is a US gaming supplier headquartered in Las Vegas, formed from Scientific Games' gaming, iGaming and social businesses after the 2022 sale of its lottery and sports betting divisions. It completed a voluntary delisting from Nasdaq on 13 November 2025 and has since had its sole primary listing on the Australian Securities Exchange, where it trades as LNW. Its three segments are Gaming (slot machines, systems and table products for land-based casinos), SciPlay (social casino apps, fully acquired in 2023) and iGaming, which runs the OpenGaming aggregation platform and supplies content from its own studios and acquired developers including Lightning Box, Playzido and, from its 2025 acquisition, Grover Gaming's charitable gaming business. It holds supplier licences in Britain, Europe, Ontario and the American online casino states and employs around 6,000 people.

Visit website →

Listed company, iGT 25 constituent

Light & Wonder trades as LNW on ASX and carries 4.87% of the iGT 25 iGaming stock index.

Last close

AUD 125.00 -2.99%

Market cap

$6.5bn

Share price and history

Do you represent Light & Wonder?

Sign in to claim this listing and request a verified badge.

Sign in to claim

Light & Wonder at a glance

Stories
14
Last covered
October 2026
Coverage since
May 2025
Segment
Supplier

Latest coverage

A row of lit gaming machines with empty stools in a dim gaming room
Regulatory

Illinois Moves to Bring 50,141 Video Gaming Terminals Into Self-Exclusion

The Illinois Gaming Board has approved proposed rules that would put an identity check in front of every video gaming terminal in the state and open the way to cashless player accounts. A comment period, legislative review and a central system still being built stand between the vote and the venues.

The columns of a courthouse
Corporate

DraftKings Asks the Patent Board to Void a Geolocation Patent Used to Sue It

Interactive Games sued DraftKings in Massachusetts in April over a patent covering geolocated mobile wagering and what a device displays when a customer is outside a permitted state. DraftKings' petition says Nevada rules required all of that in 2006, three years before the patent's priority date, and asks the PTAB to review it.

The Light & Wonder logo displayed on a phone in front of the company's investor relations site
Corporate

SciPlay Chief Josh Wilson to Leave Light & Wonder After Two Quarters of Decline

The social casino unit's revenue fell 7% and then 9% this year while the rest of the group grew. Wilson goes on 30 October at the end of his contract, group CFO Oliver Chow takes "executive oversight" from 1 November, and the company says it remains committed to the category. It did not say why he is leaving.

The Light & Wonder logo displayed on a phone in front of the company's investor relations site
Corporate

Light & Wonder Targets Investment-Grade Debt by Mid-2027 and Deprioritises Share Buybacks

Light & Wonder has made de-leveraging its balance sheet the company's overriding priority after its second-quarter earnings call, with CFO Oliver Chow setting a target of three times cash flow by mid-2027. The shift signals a strategic recalibration for the gaming supplier after years of acquisition-driven growth, and puts share buybacks firmly on the back burner for the remainder of 2026.

Cookie Preferences

Choose which cookies you want to accept. Essential cookies are required for the website to function properly.

Required

Necessary for the website to function. Cannot be disabled.

Help us understand how visitors interact with our website.

Used to deliver relevant advertisements and track ad performance.

Remember your preferences and settings for a better experience.