Associated tags: Culture, Light & Wonder, Science, Reg, Creativity, Entertainment, Electronic Games, Software, Online, Mobile Entertainment, ASX, Casino, Gaming, General Entertainment
Locations: CALIFORNIA, CANADA, PENNSYLVANIA, US, TEXAS, NEW YORK, NY, USA, ONTARIO, BRAGG, UNITED STATES, NORTH AMERICA, NEVADA, AUSTRALIA, ASIA
Entertainment,
Technology,
Online,
Software,
Electronic Games,
Casino,
Gaming,
L&W,
Share repurchase,
Light & Wonder,
International,
ASX,
Growth,
Video game Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we” or the “Company”) today reported results for the first quarter ended March 31, 2024.
Key Points:
- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we” or the “Company”) today reported results for the first quarter ended March 31, 2024.
- We started 2024 on a strong note, delivering a 12th consecutive quarter of year-over-year consolidated revenue growth and generating strong cash flow, while continuing to execute on our robust content roadmap and cross-platform strategy.
- iGaming revenue increased 14% to a quarterly revenue record of $74 million, primarily reflecting continued momentum in the U.S. and international markets.
- Returned $25 million of capital to shareholders through the repurchase of approximately 0.2 million shares of L&W common stock during the quarter.
Electronic Games,
Casino,
Gaming,
Entertainment,
Online,
BRAG,
IRIX Interactive Desktop,
Magic,
TSX,
Senior,
Light,
Light & Wonder,
Video game Bragg Gaming Group Inc. ( NASDAQ: BRAG , TSX: BRAG ) (“Bragg” or the “Company”), a global B2B gaming technology and content provider, today announced it has signed an international online casino content distribution agreement with Light & Wonder.
Key Points:
- Bragg Gaming Group Inc. ( NASDAQ: BRAG , TSX: BRAG ) (“Bragg” or the “Company”), a global B2B gaming technology and content provider, today announced it has signed an international online casino content distribution agreement with Light & Wonder.
- The agreement will see high-performing games from Bragg’s proprietary studios, Atomic Slot Lab, Indigo Magic, Wild Streak Gaming and Spin Games added to Light & Wonder’s online ecosystem.
- Exclusive content from the supplier’s Powered by Bragg partners will also be integrated, providing Light & Wonder with a wide selection of highly localized and unique titles.
- Steve Mayes, Senior Director Digital Partnerships at Light & Wonder, said: “We are thrilled to be working closely with Bragg, and are looking forward to offering their content across our network.
Retrieved on:
Wednesday, April 10, 2024
Technology,
Casino,
Gaming,
Retail,
Entertainment,
Finance,
Apps,
Applications,
Banking,
Online Retail,
Electronic Commerce,
Professional Services,
Payments,
Digital Cash Management,
Digital Assets,
Software,
Fintech,
Online,
Cashless society,
Open banking,
AML,
KYC,
Light,
Light & Wonder,
ID Trustly, the global leader in Open Banking Payments, and Light & Wonder, the leading cross-platform global games company, are bringing cashless, in-person deposits to casino floors with Light & Wonder’s cashless solution, RAPIDPLAY™.
Key Points:
- Trustly, the global leader in Open Banking Payments, and Light & Wonder, the leading cross-platform global games company, are bringing cashless, in-person deposits to casino floors with Light & Wonder’s cashless solution, RAPIDPLAY™.
- The in-person payments feature of Trustly Pay™ can also be paired with Trustly ID™, a powerful identity solution that supports comprehensive AML compliance by leveraging bank-grade KYC information.
- “Trustly is the leader in Online Banking Payments with a proven track record in online sports betting and we’re proud to work with them to power our cashless solution on casino floors,” said Jon Wolfe, President of Global Systems and Services at Light & Wonder.
- TRUSTLY ® and the TRUSTLY Logo, TRUSTLY PAY, and TRUSTLY ID are trademarks or registered trademarks of Trustly Holding AB.
Entertainment,
Other Entertainment,
General Entertainment,
Online,
Mobile Entertainment,
Electronic Games,
Casino,
Gaming,
Webcast,
PIN,
ASX Light & Wonder, Inc. (NASDAQ: LNW) (ASX: LNW) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter of 2024, on Wednesday, May 8, 2024, after market close.
Key Points:
- Light & Wonder, Inc. (NASDAQ: LNW) (ASX: LNW) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter of 2024, on Wednesday, May 8, 2024, after market close.
- The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results.
- Participants are encouraged to pre-register for the conference call by using the following link.
- A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.
Retrieved on:
Tuesday, February 27, 2024
Retrieved on:
Wednesday, January 17, 2024
Software,
Data Management,
Online,
Consumer Electronics,
General Entertainment,
Technology,
Electronic Games,
Entertainment,
ASX,
Webcast,
PIN Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or the “Company”), announced today it will release its financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 27, 2024, after market close.
Key Points:
- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or the “Company”), announced today it will release its financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 27, 2024, after market close.
- The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results.
- Participants are encouraged to pre-register for the conference call by using the following link.
- A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.
Electronic Games,
Technology,
Entertainment,
Online,
Mobile Entertainment,
Audio,
Video,
Software,
General Entertainment,
Consumer Electronics,
Light & Wonder,
Merrill (company),
ASX,
CFO,
Electronic Arts,
Management Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Michael Marchetti has been appointed as a member of its Board of Directors.
Key Points:
- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Michael Marchetti has been appointed as a member of its Board of Directors.
- Light & Wonder acquired the remaining public shares of SciPlay in October of last year.
- Jamie Odell, Executive Chair of Light & Wonder, said, “We are pleased to welcome Michael to the Light & Wonder Board as a new independent director.
- Michael has a wealth of mobile gaming experience and a strong financial background that will help us continue to maximize value for our shareholders.”
“I’m excited to join the Light & Wonder Board at this time,” said Mr. Marchetti.
Retrieved on:
Wednesday, December 13, 2023
Entertainment,
Other Entertainment,
General Entertainment,
Online,
Mobile Entertainment,
Electronic Games,
SUNY,
Interim,
CFO,
Aristocracy (class),
JPMorgan Chase,
SUNY Polytechnic Institute,
Light & Wonder,
ASX,
Business administration,
University,
Universal Pictures,
Growth,
Interim management,
Corporate finance,
Customer experience,
Management Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Oliver Chow has been appointed as the Company’s Executive Vice President, Chief Financial Officer, and Treasurer.
Key Points:
- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Oliver Chow has been appointed as the Company’s Executive Vice President, Chief Financial Officer, and Treasurer.
- Matt Wilson, Chief Executive Officer of Light & Wonder, said, “After a thorough search by the Board and the leadership team, I’m pleased to appoint Oliver as our CFO.
- Over the last four months, we’ve all been impressed with Oliver’s ability to seamlessly step into the role of Chief Financial Officer.
- I am looking forward to supporting the organization to further enable growth, margin expansion, and financial execution.”
Prior to joining Light & Wonder in October 2022, Oliver spent five years in senior-level finance roles at Aristocrat, most recently serving as Chief Financial Officer - Americas, EMEA and Customer Experience.
Retrieved on:
Thursday, November 9, 2023
Electronic Games,
Online,
Mobile Entertainment,
General Entertainment,
Entertainment,
Acquisition,
Interim,
Investment,
L&W,
Light & Wonder,
ASX,
Table,
IGaming Business,
Growth,
AEBITDA,
CHESS,
Video game,
Security (finance),
Cryptocurrency,
Light,
Lottery Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we,” or the “Company”) today reported results for the third quarter ended September 30, 2023.
Key Points:
- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we,” or the “Company”) today reported results for the third quarter ended September 30, 2023.
- We maintained strong momentum in the third quarter and delivered a tenth consecutive quarter of consolidated revenue growth and fifth consecutive quarter of double-digit growth year-over-year.
- Consolidated revenue in the quarter grew 13%, maintaining strong margins and cash flow generation as we continued advancing toward our long-term financial targets.
- Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, “Our tremendous team at Light & Wonder continues to deliver exceptional results with double-digit growth across all three of our businesses for the fourth consecutive quarter.
Electronic Games,
Entertainment,
Mobile Entertainment,
ASX,
Cravath, Swaine & Moore,
Light & Wonder,
Sullivan & Cromwell,
LLP,
Oliver Cromwell,
Acquisition Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder”) today announced that it has completed its previously announced acquisition of the remaining approximately 17% equity interest in SciPlay Corporation (“SciPlay”) that it did not previously own for $22.95 per share in cash.
Key Points:
- Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder”) today announced that it has completed its previously announced acquisition of the remaining approximately 17% equity interest in SciPlay Corporation (“SciPlay”) that it did not previously own for $22.95 per share in cash.
- “Fully integrating SciPlay with Light & Wonder creates a more streamlined organization with the financial strength to accelerate our cross-platform strategy and deliver enhanced shareholder returns,” said Matt Wilson, President and Chief Executive Officer of Light & Wonder.
- Macquarie Capital (USA) Inc. served as financial advisor and Cravath, Swaine & Moore LLP served as legal advisor to Light & Wonder.
- Lazard Frères & Co. served as financial advisor and Sullivan & Cromwell LLP served as legal advisor to the SciPlay Special Committee.
