Core Viewpoint - Light & Wonder, Inc. (LNW) has entered into a definitive agreement to acquire Grover Gaming's charitable gaming assets for $850 million in cash, with an additional potential earn-out of up to $200 million over four years, funded through a mix of debt financing and existing cash [1][2]. Company Summary - Grover Charitable Gaming operates approximately 10,000 leased electronic pull-tab units across five U.S. states, generating revenues of $135 million and adjusted EBITDA of $111 million in fiscal 2024 [3]. - The acquisition aligns with LNW's strategy to expand its footprint in high-return markets and is expected to be accretive to profitability, with anticipated high single-digit adjusted NPATA in the first full calendar year post-acquisition [5]. Industry Summary - The charitable gaming space is projected to grow significantly in the coming years, providing LNW with an opportunity to leverage Grover's strong customer relationships and market presence [4]. - LNW's holistic growth strategy focuses on extending its reach in digital markets and high-return sectors, which is reinforced by this acquisition [5]. Financial Outlook - LNW has reiterated its Consolidated AEBITDA target of $1.4 billion for 2025, supported by solid market traction across its businesses [2]. - The company expects to maintain a net debt leverage ratio within the target range of 2.5x to 3.5x following the acquisition [1]. Historical Context - Strategic acquisitions have been integral to LNW's growth, with previous acquisitions enhancing its capabilities in the global gaming industry [6]. - Notable past acquisitions include Bally Technologies and WMS Industries, which have expanded LNW's offerings in computerized systems and services [6]. Stock Performance - LNW's stock has increased by 20.2% over the past year, compared to the industry's growth of 23.9% [8].

Group 1: Company Overview - Light & Wonder (LNW) shares increased by 11% to close at $97.67, with notable trading volume compared to typical sessions, and a 3.2% gain over the past four weeks [1] - The company is experiencing solid sales growth in gaming machines and a healthy performance in the social casino business, aiming to be a leading cross-platform global games company [2] - Management emphasizes automation, standardization, AI tools, and process development to enhance organizational efficiency and scalability globally [2] Group 2: Financial Performance - Light & Wonder is expected to report quarterly earnings of $1.08 per share, reflecting a year-over-year increase of 48%, with revenues projected at $795.27 million, up 3.3% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 4.6% higher in the last 30 days, indicating a positive trend that typically leads to price appreciation [4] Group 3: Industry Context - Light & Wonder belongs to the Zacks Gaming industry, which includes other companies like Churchill Downs (CHDN), that closed 0.3% higher at $122.43, with a -3.8% return over the past month [4] - Churchill Downs has an unchanged consensus EPS estimate of $0.93 for the upcoming report, representing an 8.1% increase from the previous year [5]

The House Edge is widely recognized as the only marketplace service on the casino/gaming/online sports betting sectors, researched, written and available to SA readers by Howard Jay Klein, a 30 year c-suite veteran of the gaming industry. His inside out information and on the ground know how benefits from this unique perspective and his network of friends, former associates and colleagues in the industry contribute to a viewpoint has consistently produced superior returns. The House Edge consistently outper ...

Light & Wonder (LNW) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.52%. A quarter ago, it was expected that this instant-win lottery ticket maker would post earnings of $1.04 per share when it actually produced earnings of $1.42, delivering a surprise of 36.54%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) Nevada 81-0422894 (State or other jurisdiction of in ...

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate Light & Wonder, Inc. (NASDAQ: LNW) for potential violations of the federal securities laws. If you invested in Light & Wonder securities, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/light-wonder-inc/. Why did Light & Wonder’s Stock Drop? On September 24, 2024, the Las Vegas Review-Journal published an article entitled “Slot manufacturer score ...

Core Insights - Light & Wonder, Inc. is under investigation by Rosen Law Firm for potential violations of federal securities laws [1] - The company's stock price dropped by 19.49% on September 24, 2024, following a legal ruling against it regarding trade-secret and copyright infringement [2] Legal Context - Aristocrat Technologies Inc. was granted a preliminary injunction against Light & Wonder, prohibiting the sale and commercialization of its "Dragon Train" product, which allegedly infringes on Aristocrat's intellectual property [2] Investor Actions - Investors in Light & Wonder are encouraged to seek legal options and can submit their information to Rosen Law Firm for potential representation on a contingency fee basis [4][5]

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingen ...

SAN FRANCISCO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Shares in Light & Wonder, a leading gaming technology company, are under pressure following a recent court ruling that questioned the legality of its popular Dragon Train® slot machines. The ruling has raised questions about the propriety of Light & Wonder’s disclosures regarding the success of Dragon Train® and its prospects for continued revenue growth. Hagens Berman encourages Light & Wonder, Inc. (NASDAQ: LNW) investors who suffered substantial losses to ...

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Light & Wonder, Inc. for possible violations of federal securities laws [1] - Shareholders who purchased Light & Wonder securities may be entitled to compensation through a class action without any out-of-pocket fees [1] - The firm is preparing a class action to seek recovery of investor losses [1] Group 2 - Light & Wonder's stock dropped 19.49% on September 24, 2024, following a ruling that granted Aristocrat Technologies a preliminary injunction against Light & Wonder [2] - The injunction prohibits Light & Wonder from selling or commercializing its Dragon Train product, which is claimed to infringe on Aristocrat's intellectual property [2] Group 3 - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company and has been ranked highly for its success in this area [3] - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering investor losses [3]