Light & Wonder up 20 per cent

Home » Light & Wonder up 20 per cent

Following the disposal of its sports betting business, Light & Wonder (formerly Scientific Games) has streamlined, said CEO Matt Wilson, presenting the group’s third quarter results.

“We have rapidly delivered on our promise to transform our business and streamline our organisation,” he said. “We have a unique collection of assets that are powered by games, technology and our amazing teams.

“Our strengthened balance sheet puts us in a great position to build on our momentum and capture the incredible opportunities in front of us. With a sharpened focus and clear roadmap to win, we are executing on our growth strategy to drive share gains.”

Wilson was able to report GGR up 20 per cent at $648m from $539m, although net income fell from $100m to $20m. EBITDA was $235m, up 16 per cent, driven by growth in the gaming business.

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