# Light & Wonder

Light & Wonder is an other based in Las Vegas, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Las Vegas, United States
- **Region:** North America
- **Address:** Las Vegas, NV, United States
- **Assets under management:** Undisclosed
- **Website:** lightandwonder.com
- **LinkedIn:** https://www.linkedin.com/company/lightnwonder

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Gaming
- Entertainment

## 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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Last updated: 2026-06-03T20:00:00.000Z

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