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Scientific Games has officially completed their name change to Light & Wonder



The brand shares why they decided to change: “The company’s strategic vision to become the leading cross-platform global game company focused on creating and launching great games fully cross-platform”

In a press release, the company said that “through a deliberate cross-platform approach, Light & Wonder delivers a leading portfolio of iconic games and franchises across online and mobile and in both real money and free-to-play social gaming markets as well as in land-based casinos.”

"Light & Wonder completed a $5.8bn sale of its lottery business to Brookfield in April, worth $5.8bn (£4.4bn/€5.3bn) in gross cash proceeds and approximately $5.0bn in net after-tax cash proceeds."

The sale helped Light & Wonder decrease a huge amount of its US$8.8 billion outstanding debt.

In addition, the company has agreed to sell its OpenBet sports betting technology business to Endeavor for $1.20bn.

Light & Wonder

(Source: iGaming Business)

Edited by user Wednesday, July 27, 2022 10:16:09 AM(UTC)  | Reason: Not specified