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Light & Wonder

Light & Wonder is a global games company founded in 1973 in Las Vegas, Nevada. The company offers cross-platform gaming solutions, including online, mobile,...

Light & Wonder

Light & Wonder is a global games company founded in 1973 in Las Vegas, Nevada. The company offers cross-platform gaming solutions, including online, mobile, and land-based casino games. Its products support player interaction in the gaming and iGaming sectors.

General information

Firm type

other

Location

Region

North America

Country

United States

City

Las Vegas

Corporate office

Las Vegas, NV, United States

Sector focus

GamingEntertainment

Frequently asked questions

How does Light & Wonder generate revenue?

Revenue comes primarily from three units: Gaming (sale and lease of slot machines, table game equipment), SciPlay (in-app purchases in social casino mobile games), and iGaming (online casino platform fees and game licensing). The model is B2B — it supplies technology to regulated casino operators.

Which markets does Light & Wonder serve geographically?

The firm serves regulated gaming markets in North America, Europe, Asia-Pacific, and Australia. Its largest revenue concentration is in the United States, particularly Nevada and other commercial casino states.

How is Light & Wonder structured relative to its spin-off and divestitures?

Following a multi-year restructuring, Light & Wonder sold its lottery business in 2022 and sports betting division in 2020. The remaining entity focuses exclusively on gaming content, slot hardware, and digital iGaming platforms.

What investment stages does Light & Wonder target?

Light & Wonder does not operate as an investment firm. As an operating company, it allocates capital toward game development, hardware R&D, and strategic acquisitions within the gaming technology sector.

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