• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Sci Games shift to Light & Wonder done, ticker LNW live

Apr 29, 2022 Newsdesk Industry Talk, Latest News  


Sci Games shift to Light & Wonder done, ticker LNW live

The previously announced name change of Scientific Games Corp to Light & Wonder Inc has been completed, the casino equipment and online games provider announced on Thursday. Light & Wonder will begin trading on Nasdaq under the new ticker symbol “LNW” starting from today (Friday, April 29).

Light & Wonder shareholders do not need to take action in connection with the change in ticker symbol, the U.S.-based firm said. Shares currently trading on Nasdaq under the ticker symbol “SGMS” will automatically commence trading under the new ticker symbol as of today’s market open.

The Light & Wonder name and branding “reflects the company’s strategic vision to become the leading cross-platform global game company,” the company said in a press release on Thursday.

The gaming supplier completed earlier this month the sale of its lottery business to Brookfield Business Partners LP and the latter’s institutional partners. The deal was first announced in October last year. According to a previous announcement by the company, the sale of its lottery business was expected to generate US$5.8 billion in gross cash proceeds and approximately US$5.0 billion of net after-tax cash proceeds.

Light & Wonder is also selling its sports betting business: the deal is expected to close in the third quarter this year. The firm is to get US$1 billion in cash and US$200 million in stock from the acquiring business, U.S.-listed Endeavor Group Holdings Inc, a sports and entertainment firm.

Scientific Games announced last month that it would rebrand itself as Light & Wonder in the second quarter this year, as the “culmination of a year-long strategic process” of restructuring.


  • tweet
Related articles
  • Light & Wonder sets US1.4bln AEBITDA target for 2025
    Light & Wonder sets US1.4bln...

    May 18, 2022  

  • L&W posts 1Q profit, gaming op revenue tops 2019 levels
    L&W posts 1Q profit, gaming op...

    May 11, 2022  

More news
  • Review saw no irregularity in Levo Chan link: Macau Legend
    Review saw no irregularity in Levo Chan...

    May 23, 2022  

  • Foreign tourists can get S.Korean peninsula visa from June 1
    Foreign tourists can get S.Korean...

    May 20, 2022  


Latest News

Review saw no irregularity in Levo Chan link: Macau Legend

Review saw no irregularity in Levo Chan link: Macau Legend

May 23, 2022  

Macau casino services firm Macau Legend Development Ltd says that a review conducted by an independent consultant “did not note any irregularity” in the dealings between the company and...
Read More
Foreign tourists can get S.Korean peninsula visa from June 1

Foreign tourists can get S.Korean peninsula visa from June

May 20, 2022  

Crown Resorts’ shareholders nod Blackstone bid

Crown Resorts’ shareholders nod Blackstone bid

May 20, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Revenue at Okada Manila] will be around 80 percent of the pre-pandemic level in 2022 before recovering almost fully in 2023"

Satoru Aoyama, Akash Gupta and Kalai Pillay

Analysts at credit rating agency Fitch



Most Popular

  • Foreign tourists can get S.Korean peninsula visa from June 1Foreign tourists can get S.Korean peninsula visa from June 1 May 20, 2022
  • Crown Resorts’ shareholders nod Blackstone bidCrown Resorts’ shareholders nod Blackstone bid May 20, 2022
  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Andrew Lo takes controlling stake in Suncity, Summit AscentAndrew Lo takes controlling stake in Suncity, Summit Ascent May 19, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us