Casino equipment and online games provider Light & Wonder Inc intends to extend the share repurchase programme of the group’s outstanding common stock to include buy-back of its CHESS Depositary Interests (CDIs) on the Australian Securities Exchange (ASX), said the company in a Friday announcement.
Light & Wonder is currently undertaking a multi-year share repurchase programme that is authorised until June 12, 2027. The size of the programme was increased on July 31, to US$1.5 billion.
Light & Wonder is due to delist from the Nasdaq in the United States before the opening of trading on November 13. The firm will then move to a sole primary listing on the ASX.
“Repurchases under the share repurchase programme of Nasdaq-listed shares of common stock are expected to continue to occur in the U.S. until Light & Wonder delists from the Nasdaq,” stated the firm.
The company said the plan to conduct buy-backs of its CDIs listed on the ASX is in effect from November 7, 2025.
“The total capacity remaining under the share repurchase programme for both shares and ASX-listed CDIs as at the end of trading on the Nasdaq on 5 November 2025 was approximately US$705 million,” noted the company.
Light & Wonder stated it expects to utilise a “meaningful share of the remaining available capacity prior to the end of 2025 across both the Nasdaq and ASX.”
It added: “Subject to capacity remaining under the share repurchase programme, Light & Wonder intends to continue the buy-back of ASX-listed CDIs after it delists from the Nasdaq and converts to an ASX standard listing.”
Light & Wonder reported net income of US$114 million for the three months to September 30, up 78.1 percent from the prior-year period. That was on revenue that rose 2.9 percent from a year earlier, to US$841 million, said the company last week.
