Light & Wonder, Inc. plans to acquire Grover Gaming’s charitable gaming business for $850 million to enhance its market position and diversify revenue streams amidst a growing gaming industry in North America.

Target Information

Light & Wonder, Inc. (NASDAQ and ASX: LNW) is a prominent leader in the gaming industry, recognized for its diversified portfolio of gaming solutions, including innovative game franchises and advanced gaming systems. As of the first quarter ending March 31, 2025, the company reported significant growth with a consolidated revenue increase for the 16th consecutive quarter. The firm has continued to expand its operational capacity by adding over 2,900 North American gaming operations units year-over-year and approximately 500 units sequentially.

Light & Wonder also demonstrated strong financial performance, achieving a gaming revenue increase of 4% compared to the previous year, amounting to $495 million. The company's ongoing commitment to product development and expansion strategies has resulted in a robust growth trajectory, maintaining leading market positions in various sectors.

Industry Overview

The gaming industry in North America is experiencing substantial growth, driven by increasing consumer demand and a diversified array of gaming options. The market has been enhanced by technological advancements and expanded pa