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Light & Wonder

Designs and sells electronic gaming machines

Overview

Company Does Not Provide H-1B Sponsorship

Light & Wonder is a global games company that creates gambling products and services across several platforms. It operates in three segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, manufactures, and sells electronic gaming machines such as slot machines and table games to casinos, pubs, and clubs, and also offers casino management systems like CMP. The SciPlay segment develops and publishes free-to-play social casino games for mobile and web, earning revenue from in-app purchases. The iGaming division provides an online real-money gaming platform and a content marketplace called Infinity, supplying both in-house and third-party games to online casino operators. The company earns money from direct sales of gaming equipment, recurring casino and social gaming revenue, and fees from its iGaming platform. Its primary customers are land-based and online casino operators, along with individual social casino players.

Significant Headcount Growth

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About Light & Wonder

Simplify's Rating
Why Light & Wonder is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareEntertainmentGaming

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Paradise, NV

Founded

1973

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What believers are saying

  • Second-quarter 2026 revenue rose 2% to $790 million, with AEBITDA up 5%.
  • July 2026 Alberta iGaming launch and Germany REEL CHOICE expansion widen recurring revenue.
  • September 2026 Mini Ultimate Texas Hold'Em and Multideck Ultra extend product cadence.

What critics are saying

  • January 2026 Aristocrat settlement cost $127.5 million and forced Dragon Train removals.
  • October 2, 2026 Donoghue v. Light and Wonder reopened U.S. securities litigation.
  • Any new math-copying finding would destroy trust, freeze launches, and cripple franchise licensing.

What makes Light & Wonder unique

  • Light & Wonder sells integrated land-based, social, and iGaming content across one portfolio.
  • Its 2026 G2E lineup pairs Back to the Future with Huff N’ Puff franchises.
  • Nine competitive Systems replacements in 2026 prove operators keep choosing its infrastructure.

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Funding

Total Funding

$2.9B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Company Match
  • 401(k) Retirement Plan
  • Unlimited Paid Time Off
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Hybrid Work Options

Stock Price

Growth & Insights and Company News

6 month growth

9%

1 year growth

27%

2 year growth

29%
PlayUSA
Oct 29th, 2026
3 Oaks joins Light & Wonder's network.

3 Oaks joins Light & Wonder's network. Under the agreement, 3 Oaks Gaming will distribute its online slots through Light & Wonder's aggregation platform, which connects operators across multiple regulated jurisdictions with third-party content. 3 Oaks described the platform as one of the industry's most established online casino ecosystems and said it can support a broader international rollout as new opportunities emerge. Light & Wonder's OpenGaming platform offers more than 6,500 online casino games from more than 60 studios, according to a June 2026 Partnerkin review. The review also says the company is certified in roughly 36 iGaming jurisdictions. 3 Oaks said the agreement gives its portfolio greater visibility across Light & Wonder's ecosystem and a stronger commercial foundation for future development. Emilia Kazberuk, sales manager at 3 Oaks Gaming, said: "I'm very proud that 3 Oaks Gaming is now collaborating with Light & Wonder. This achievement marks the beginning of an exciting new chapter and will create significant opportunities for our continued growth." Deal extends recent European expansion push. The agreement follows several distribution deals 3 Oaks Gaming announced this fall. It partnered with Sisal in Italy on Sept. 8 and went live with Solverde in Portugal on Sept. 21. It announced a partnership with Novibet on Sept. 25 and one with Joi Gaming to expand its Dutch reach on Oct. 6.

GamblingNews
Oct 28th, 2026
Light & Wonder deploys its innovative RAPIDPLAY cashless system.

Light & Wonder deploys its innovative RAPIDPLAY cashless system. October 28, 2026 Key Points * L&W debuts RAPIDPLAY cashless solution in Las Vegas * The first instance of the casino is found at Crystal Bay Casino * Both companies fail the new arrival as a way to strengthen the player experience Light & Wonder, Inc. has announced the first installation of its brand-new RAPIDPLAY system, an innovative cashless solution, which was introduced at Crystal Bay Casino in Crystal Bay, Nevada. RAPIDPLAY has already been approved to launch in Nevada, with the iconic property becoming the first venue where the company has debuted its cutting-edge payment option. RAPIDPLAY arrives in Las Vegas, as cashless continues to gain popularity. Thanks to RAPIDPLAY, players may now access their funds directly at slot machines or personal mobile devices rather than withdraw funds in cash, reducing friction, strengthening responsible play and anti-money laundering guardrails, and making for a more streamlined experience overall. Using a QR code, players may instantly transfer their funds and avoid the hassle of using a separate app or a loyalty card, with RAPIDPLAY delivering a more convenient player experience directly on the gaming floor and adding meaningful value for operators. Light & Wonder President & GM of Global Systems Muthu Palanichamy said: "The first installation of RAPIDPLAY marks an exciting milestone for Light & Wonder as we continue to bring innovative payments technology to casino floors. We're proud to collaborate with Crystal Bay Casino to debut this solution and deliver a faster, more seamless experience for players while creating meaningful value for operators." Both companies welcome the technology's implementation. Commenting on the opportunity, Crystal Bay Casino GM Eric Roe added: "At Crystal Bay Casino, we're always looking for innovative ways to enhance the guest journey. Being the first casino to deploy RAPIDPLAY reflects our commitment to embracing new technology that adds convenience for our guests." Cashless technology has long been a divisive technology, with some arguing that it invades player privacy. However, Las Vegas has been opening up to the technology, seeing it as another meaningful way to attract high rollers and also give players a more streamlined and focused experience. The technology also allows for real-time monitoring of problem gambling and can prevent self-excluded players from participating in gaming.

Light & Wonder
Oct 27th, 2026
Light & Wonder announces first-ever installation of RAPIDPLAY(R) at Crystal Bay Casino.

Light & Wonder announces first-ever installation of RAPIDPLAY(R) at Crystal Bay Casino. LAS VEGAS - October 26, 2026 - Light & Wonder, Inc. (ASX: LNW) (together with its subsidiaries, "Light & Wonder," "L&W" or the "Company") today announced the first-ever installation of its innovative cashless solution, RAPIDPLAY, at Crystal Bay Casino in Crystal Bay, Nevada. RAPIDPLAY is approved for deployment in Nevada, with expansion into additional jurisdictions planned, subject to applicable regulatory approvals. RAPIDPLAY, enables players to securely access funds directly at the slot machine using their personal mobile device. Through secure open banking technology, players can instantly transfer funds by simply scanning a QR code without requiring an app download or loyalty card. RAPIDPLAY delivers a faster, more convenient player experience while helping operators modernize payments on the casino floor. "The first installation of RAPIDPLAY marks an exciting milestone for Light & Wonder as we continue to bring innovative payments technology to casino floors," said Muthu Palanichamy, Senior Vice President & General Manager, Global Systems at Light & Wonder. "We're proud to collaborate with Crystal Bay Casino to debut this solution and deliver a faster, more seamless experience for players while creating meaningful value for operators." "At Crystal Bay Casino, we're always looking for innovative ways to enhance the guest journey," said Eric Roe, General Manager at Crystal Bay Casino. "Being the first casino to deploy RAPIDPLAY reflects our commitment to embracing new technology that adds convenience for our guests." For this deployment, Light & Wonder collaborated with payment service provider, Koin. The look and feel of the games and its individual components and displays are trade dress of Light & Wonder, Inc. or one of its Subsidiaries. About Light & Wonder, Inc. Light & Wonder, Inc. is a leading cross-platform global games company. Through its three unique, yet highly complementary businesses, Light & Wonder, Inc. deliver unforgettable experiences by combining the exceptional talents of its 6,500+ member team, with a deep understanding of its customers and players. Light & Wonder, Inc. create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it's all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com. Forward-Looking Statements In this press release, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Light & Wonder's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on February 25, 2025 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Light & Wonder's ongoing obligations under the U.S. federal securities laws, Light & Wonder undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. Date: 10/27/2026 Type: Release

Asgam
Oct 26th, 2026
Light & Wonder completes first global installation of cashless solution RAPIDPLAY.

Light & Wonder completes first global installation of cashless solution RAPIDPLAY. Light & Wonder has completed the first global installation of its new cashless solution, RAPIDPLAY, at Nevada's Crystal Bay Casino. According to information released this morning (Asia time), the technology is planned for expansion into other jurisdictions subject to applicable regulatory approvals. Light & Wonder said RAPIDPLAY enables players to securely access funds directly at the slot machine using their personal mobile device. Through secure open banking technology, players can instantly transfer funds by simply scanning a QR code - without requiring an app download or loyalty card. As such, the company said RAPIDPLAY delivers a faster, more convenient player experience while helping operators modernize payments on the casino floor. "The first installation of RAPIDPLAY marks an exciting milestone for Light & Wonder as we continue to bring innovative payments technology to casino floors," said Muthu Palanichamy, Senior Vice President & General Manager, Global Systems at Light & Wonder. "We're proud to collaborate with Crystal Bay Casino to debut this solution and deliver a faster, more seamless experience for players while creating meaningful value for operators." Light & Wonder added that it collaborated with payment service provider Koin for the Crystal Bay Casino Deployment.

Eastern Esports Group
Oct 16th, 2026
Wazdan launches in South Africa with Hollywoodbets via Light & Wonder.

Wazdan launches in South Africa with Hollywoodbets via Light & Wonder. 16 Oct 2026 Operator adds 10 Wazdan slot titles through Light & Wonder's aggregation platform as the supplier expands into a new regulated market. Wazdan has entered South Africa after agreeing a content partnership with operator Hollywoodbets, distributing its games via Light & Wonder's aggregation platform. Hollywoodbets will launch an initial 10 Wazdan titles: 9 Coins(TM), 9 Coins(TM) 1000 Edition, 9 Coins(TM) Grand Gold Edition, Burning Sun(TM), Hot Slot(TM): 777 Crown, Hot Slot(TM) Mystery Jackpot Joker, Magic Spins(TM), Power of Gods(TM): Valhalla, Power of Sun(TM): Svarog and Sizzling Eggs(TM). According to the companies, the rollout brings a mix of established series entries and standalone titles to Hollywoodbets' casino offering, using Light & Wonder's aggregation layer for integration and distribution. Bekki D'Agata, Commercial Director at Wazdan, said: "South Africa is an exciting addition to its international footprint, and entering the market with Hollywoodbets gives Eegaming a strong foundation from which to build. "Our approach to expansion is centred on finding the right partners in each market and creating opportunities to bring our content to new audiences. We are looking forward to seeing how our portfolio develops in South Africa and to progress on this landmark step with Hollywoodbets." Wayde Dorkin, head of product at Hollywoodbets, said: "Eegaming is always looking to bring fresh and distinctive content to its live games offering, and Wazdan's portfolio provides a strong addition to its existing selection. "The variety across these titles gives our players access to different gameplay styles and experiences, and we are pleased to introduce Wazdan to our platform as part of our ongoing focus on developing our casino proposition." HIPTHER Campaign Upcoming igaming events. Join industry leaders for practical insights, focused discussions, and high-value connections at upcoming HIPTHER events. HIPTHER Warsaw summit 2026. European regulation, AI-era risk management, investor roundtables, and cross-sector defense strategies. 27-28 October 2026 InterContinental Warsaw by IHG - Warsaw, Poland HIPTHER Prague summit 2027. Two days of gaming, fintech, payments, compliance, and emerging technology for the international HIPTHER community. 23-24 March 2027 OREA Hotel Andels Praha - Prague, Czech Republic

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